Living in the U.S., it is hard to grasp how important private property rights are. Whenever we buy, sell, or produce something we automatically assume that we own it. We don’t think about it because we live in a country where the government guarantees the right to private property. This is not, however,the case in other parts of the world. In Venezuela, President Hugo Chavez has launched a mission to restrict and expropriate private property. Every day the headlines in the local newspapers in Venezuela talk about how government has “nationalized” a bank, a supermarket or a factory. One brave organization has gained international recognition for defending property rights in Venezuela as a basic human right.
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