Posted on 08/26/2008 3:19:43 PM PDT by decimon
CARACAS (AFP) - The recent nationalizations of strategic sectors in Venezuela are frightening away foreign companies and turning the country into South America's worst destination for foreign investment, analysts say.
President Hugo Chavez's decision to take over electricity, oil, steelmaking, cement and telephone enterprises over the past year may strengthen the "revolutionary" drive towards building a socialist nation, but it also drives off multinationals which have the funds to boost economic activity.
(Excerpt) Read more at news.yahoo.com ...
Duhhhhhhh..........
Thank you for riding the Mugabe express
Duh
Anarchists claim that all property is theft.
Only a fool would give such a man his money and expect to keep his investment.
You've summed things up quite nicely.
I haven’t seen an update lately on inflation in Venezuela.
Paging Captian Obvious!
From a quick search, it looks like it went over 20 percent in 2007.
Venezuela has nothing to worry about. The Russian Bear will take care of all your needs just as did for Castro and Cuba.
and don’t they lead a joyful life!!!
A preview of life under Obama.
My wife has a friend who married a very wealthy businessman from Venezuela several years ago. I’ll bet that he sold all of his businesses for whatever he could get years ago.
IT is like something out of Atlas Shrugged with Francisco d’Anconia .
LOL... Well said.
IT is like something out of Atlas Shrugged with Francisco d’Anconia .””
Chavez is taking a decent country down a bad path, and the value of their “dollar” will soon be way inflated.
This is a disastor happening in front of us, and Nobama wants to “talk” to Chavez. UUUUUUUgggh
What is Brazil thinking?? I would like to be in the crowd when El Jefe Hugo Nationalizes President Mahmoud Ahmadinejad arms company!!
“IT is like something out of Atlas Shrugged with Francisco d’Anconia.”
However, Francisco deliberately ran doomed business ventures to bring down the socialist state. Hugo would be on the other side.
(The recent nationalizations of strategic sectors in Venezuela are frightening away foreign companies and turning the country into South America’s worst destination for foreign investment, analysts say.)
No way. You must be kidding right? I mean who wouldn’t want to invest in a Country run by a NUTBAG wannbe Communist.............
Coming soon to a country near you...
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