Third World Tyranny Has Come Home to Roost
Editor, Times-Dispatch: Third World tyrants Hugo Chavez and Fidel Castro periodically nationalize the assets of foreign corporations, in effect stealing those assets from their legal owners. Tyrants typically justify those expropriations with claims that they are redistributing the assets of wealthy capitalists to their own poor citizens. The corporations affected and their respective governments rightfully cry foul as legal contracts and obligations are trampled.