> Will you still have democracy once Corina Machado realizes her plan to privatize oil companies?
Yes. Norway is basically the only real democracy with a nationalized oil firm, and they found oil after having been a democracy for like 100 years. Everywhere else state oil companies are piggy banks for tyrants and prevent the country from investing in economic development because they don’t need private tax revenues. State oil companies are a trap.
I think you missed my point - how can you claim you have democracy if you're not allowing your citizens to decide what to do with national resources (by privatizing them)? Privatization is a trap as well.
Private/state distinction matters only a little in practice for democracy. What matters is whether people have democratic control (equal participation on decision-making) over these structures.
Yes. Norway is basically the only real democracy with a nationalized oil firm, and they found oil after having been a democracy for like 100 years. Everywhere else state oil companies are piggy banks for tyrants and prevent the country from investing in economic development because they don’t need private tax revenues. State oil companies are a trap.