2007-01-19 03:37:39 · 5 answers · asked by halfway 4 in Politics & Government ➔ Military
Typically, no. This won't be a buyout. When a government nationalizes an industry, it generally means that the government takes over. In a Socialist government, there is no need to repay investors (owners), because the "people" now own the industry, and therefore reap the benefits.
It is really just government sanctioned theft of property.
2007-01-19 04:01:06 · answer #1 · answered by Dave_Stark 7 · 1⤊ 0⤋
The plan works for large businesses. But for smaller operations the compensation is minimal or non-existant. Plus in a novel approach he gets to decide what the value of the company is and what the compensation will be.
How ecactly does nationalizing business attract foreign investment? It's a plan to remain a developing country.
2007-01-19 03:58:42 · answer #2 · answered by Anonymous · 0⤊ 1⤋
That's the plan, the owners of the nationalized businesses will be compensated in full by the Venezuelan taxpayer
2007-01-19 03:45:09 · answer #3 · answered by Anonymous · 0⤊ 2⤋
They didn't compensate investors when Fidel Castro did just that. I doubt the situation will be any different when it happens in Venezuela.
2007-01-19 03:43:40 · answer #4 · answered by Jack 6 · 2⤊ 1⤋
They are 'compensated' but it is not necessarliy fair because Hugo can give them whatever he wants.
2007-01-19 03:40:50 · answer #5 · answered by Anonymous · 1⤊ 2⤋