Firstly there is nothing wrong with nationalizing energy companies. It's not like the energy market worldwide is a free competitive one. If energy companies fall in private hands the "democratic energy market" becomes a monopoly and those energy dudes get to increase the price whenever they want to. It's not like the Venezuelans have any option.
resources must be kept under gouverment control. If key areas of the economy (particulary those where there is hardly any competition at all such as energy) are privatized than prices start surging and THAT is worse than gouverment control in those areas. As long as Chavez doesn't overdue himself and nationalises all Venezuelan companies where there is a competitive market than I have a thumb up for his initiave

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