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Sorry but the last econ class I took was 6 years ago. I take a pragmatic historian viewpoint, not a post-modern one which is so popular today.
You can say what you want about me ignoring the social impact of "privatized neo-colonialism", which is ironic because the only time I've heard that phrase before is by a socialist college dropout (not saying you're a dropout, just found it a bit amusing).
The pragmatic approach I take is that of turning away from the potential economic prosperity governments take when they are going to create it in their own minds. I provided plenty of examples based on historical fact that nationalizing resources cause an evaporation of government income and a complete eradication of international investment which give these poorer countries the infrastructure required to have a truely modern society.
With the truely modern society countries can rely less on the dependancy of foreign nations seeking their natural resources and can more efficiently control how and what structures to be developed.
If that link is correct, and they paid the foreign countries for every share they nationalized then I could be wrong in denouncing it. However you did not post a link, and it dates to 2003... long before this occured.
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