Tuesday, March 3, 2009

Two rather different 'Nationalizations' in less than a week.

Venezuela...The US...

In the US, when you run your firm such that you threaten the very financial fabric of the entire universe, you get nationalized...by which of course we mean the Obama administration gives you even more of the public's money.

In Venezuela, when you run your firm in a way that threatens the health and safety of your fellow citizens in the name of 'the laws of the market,' you get nationalized...by which of course we mean that the government plans on socializing the 'goods' of the company in question, not just the fallout.

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