Nancy Pelosi said a few weeks ago that we should nationalize the oil companies.
Well, Hugo Chavez has already done that and perhaps we should examine the results.
The [oil] company now grows food after Mr Chavez's price controls emptied supermarket shelves of products like milk and eggs.
Another branch produces furniture and domestic appliances in an effort to stem the flow of imports.
What PDVSA [the oil company] seems unable to do is produce more oil...
[down 30% in ten years]
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Wednesday, October 15, 2008
The [latest] Glories of Socialism
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