RE: ADSactly World - Venezuela and the absence of respect towards private property
...successfully built by a single individual or group of people thanks to their effort, vision and the employees, will now be operated by the government.
This “Expropriating” takes away all motivation individuals would have to build a successful company at first. That reminds me corrupt government all over the world including US. But you are right, it’s diferent corrupted government being paid by companies and nationalization. It definitely doesn’t lead to any good. Recently, I’ve heard about inflation in Venezuela getting even worse. No one could have imagined it just a few years ago. As you mentioned, with nationalization everything got worse, even electricity supply is a disaster. Venezuela is a living proof of nationalization not working at all. Government should work for the people and the the other way. I pray for people in Venezuela and hope it will all change one day.
Yeah, the US has surely its doses of corruption, but it cannot be compared with Venezuela because in the US it is very possible to create companies, create innovations and have a good life with normal jobs, that is why tons of people are always trying to live in America. In Venezuela people are escaping like there is no tomorrow. It is quite different.