Friday, December 25, 2009
How to Chase Off Foreign Investment and Destroy the Welfare of Your Nation
Hugo Chavez is threatening to instantly deport all automakers with production capacity in Venezuela if they do not immediately share their proprietary technology with local businesses. Things like this do not make for a inviting investment climate for potential new entrants and for existing companies may nullify threats of deportation as companies may decide to up and leave of their own volition. The only impetus for such idiocy in my mind would be a concerted effort on Chavez part to meet and overtake Zimbabwe's Mugabe as worst world leader.