Venezuela Nationalizes Cement Industry

August 18th, 2008 by Eric Cope

The BBC has a brief article regarding Venezuela’s nationalization of its cement industry. I can’t wait to see the long term affects this has on both Venezuela’s economic and civil future as well as the global cement market. Is anyone keeping score on how aligned Venezuela is with 1930′s Nazi Germany? It blows my mind to think that this guy thinks this is what’s best for his country. I wonder how many friends he has in the cement industry? Or the housing industry? How much longer until all foreign investment in Venezuela pulls out? If I was in Venezuela, I would need a change of shorts. Scary.

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