alt Hacker NewsYour comment triggers so many thoughts, but the first one is I'm so friggin' naive, which is embarrassing. In my fantasy world corporations make investment decisions based on risk. They invest in a country like Venezuela and part of the due diligence is evaluating whether things may go sideways, like in any investment, and what plan b is if they do. And if plan b is getting the government to backstop you with money, guns and/or regulations then that would not be a viable strategy.
But, at every level in the US, that plan b is viable. And it's used over and over and over again, from small local businesses with local politicians to the US Federal Government and military for the likes of the oil industry.
At what point do you just accept the truth: that you (me!) are the dumb one because you hold onto this fantasy of how you think things ought to be as opposed to how they are?
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And Venezuela was well aware of plan b when accepting the investment.
Why is plan (b) bad? From my perspective it is certainly how things ought to be. If my property is nationalized in another country by force, I am fully in favor of my country swinging its dick around to get it back.
And what is to say that plan (b) isn't taken into account when doing the risk assessment in plan (a)?