Politics & Culture
Top 10 Articles
July 25, 2012 -- When government proposes to nationalize a major industry, it is a loudspeaker blaring the message that the country is abandoning the market economy, moving from capitalism to full socialism. So it has been in Venezuela as socialist President Hugo Chavez nationalized the oil-drilling, gold-mining, coffee-producing, and other companies. When nationalizations begin, capital flees a country, businessmen despair, and socialists cheer the death of private property.