It was announced over the weekend that the United States is taking a 35 percent stake in a private energy company connected to Venezuelan oil rights. Is this “U.S. government in private business” thing getting out of control, or is the United States government a natural business partner in the Venezuelan oil production market? In today’s Capital Record, David will unpack the good, bad, and ugly of this deal, and ask us if our first principles endorse these public-private partnerships, or if they should cause us concern.


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