This is the socialist model. Marx as much as admitted that socialism can't get the job done; it doesn't come into its own until the capitalists have done the heavy lifting. Then economic systems "evolve" into the communist model, often by way of socialism.
For what it's worth, the nationalized Saudi oil oligopoly is just about the same model. American know-how found the oil and brought it out, then the production was turned over to the bedouins. And now we're paying to buy the oil that we found in the first place.
The past 15 year history of Zimbabwe should be a sufficient example of the failure of totalitarianism. So...
our DBM totally ignores any reporting of what has happened there.