posted on Jun, 24 2010 @ 05:33 PM
Usually, nationalization means that company switches from private to public (government) entity with company staff replaced, that is foreigners are
replaced with local workers which is usually only upper management.
Venezuela has done this before, which means if you now install a Starbucks there, chances are Chavez will claim it as his own. It all depends on what
you take over, oil rigs are top loot because you most likely have men who know how to operate and maintain those suckers.
These moves were made before by developing countries. It may look like "oh yeah they gots huevos viva la revoluzion!!" or "get dat stoopid
americans harhar" but in reality, punishment that follows far outweighs the prize.
Still, Chavez is probably not that dumb and won't piss of US too much, he's probably just playing games with corporations, showing them he can
manipulate too. He knows they have interest in his oil and that they won't just leave. Probably. History shows otherwise though.
Oh and related, old thread (Ecuadorean threat to oil giants):
[edit on 24/6/2010 by SassyCat]