In Atlas Shrugged one of the heroes--Francisco d'Anconia-- has his company stolen from him by a greedy country. It doesn’t seem like that would happen in today’s modern economy, but in some rogue locales these things really still occur.
The U.S. territories of Puerto Rico and the Virgin Islands have had their fair share of financial woes and mismanagement, which led to the former being put through the equivalent of bankruptcy and the latter likely needing to avail itself of a similar move sometime in the near future.
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