Blodget says the socialist leader has learned the primary insight of conservatism:

What's interesting is that the idea of re-inviting Western firms was actually floated prior to the collapse in oil prices, upon the realization that local producers weren't up to the task.

Expect this to play out around the world. State-run firms badly underperform their private peers, and governments desperate for revenue won't have the luxury of squandering their resources when they're this cheap.

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