Episode 134: Benevolence Backfires: The Cobra Effect
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The Unintended Consequences of Nationalizing the Oil Industry in Venezuela
When a government requires that you work without compensation, that's slavery. So the unintended consequence of nationalizing the oil industry in Venezuela was ultimately slavery. The end point is that the government takes away everybody's freedom. If you have to live with the consequences of the decision, you're much more likely to make a prudent decision.
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