There Is Nothing Inherently Wrong With State Ownership

There Is Nothing Inherently Wrong With State Ownership
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July 10, 2018 at 09:48AM
via My Reading List: Unread https://t.co/4JOfH65ia0

«The different treatment of Norway and Venezuela is the best current example of this selective tendency. Venezuela’s currency and price mismanagement has stoked an economic crisis that conservatives then attribute to the fact that the country has extensive levels of state ownership owing to its nationalized extractive industries, which it calls socialism. Yet Norway has even more extensive levels of state ownership, also owing in significant part to its nationalized extractive industries, but somehow escapes the socialist designation.»