Many of the world's impatiently developing nations almost inevitably turn to a form of do-it-yourself foreign aid: simply nationalizing any foreign-owned properties around. Often the biggest banks and businesses belong to foreigners, and the hosts suffer from both the weakness of envy and the need for cash. Last month Burma's government nationalized 14 foreign banks, and this month Nyasaland seized a German-controlled brewery on the pretext that its beer was designed to lull natives out of any fight for independence. Last week in Manhattan, even while seeking U.S. aid, Brazil's Finance Minister San Thiago Dantas reaffirmed his country's intention...
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