Quote:
Originally Posted by GlobalSmiles
As is the case with venezuela nationalizing an industry is usually about the saem as stealing. Some people had real assets involved and the government comes and "nationalizes" them. . .usually either straight stealing it, or giving chump rates for the property, equipment. Stealing is definitely a violation of free trade.
. . . er we are off topic I think though.
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It could well be argued that national resources are supposed to be in the hands of the public domain rather than in the private domain where it has been in the benefit of only few. If we look at Latin america than we see that there has often been a firesale of national industries made possible by being in the hands of elites (Bolivia for example). Free trade is not a sacred principle in developing countries with reason, fair trade is what they pursue.