that's what I mean with "purely principled arguments fail".

in a vacuum world, sure! But we don't live in a vacuum world, and the actual one is full of a host of tyrants.

For south american countries, those US corporations and the US empire they're in bed with is by far the larger tyrant; they are the reason why the resource-richest countries in the world are reduced to producing cheap raw materials to export to the west.

This happens in a currency constantly devalued by the fiat system in place in service of Western governments, keeping wages and prices low so you can pick up lithium, beef, and wood on the cheap, while they make 0 cars or computer components (they can't. The IMF, i.e. an arm of Western corporations and governments, doesn't give them money if they try. Bitcoin does fix this.)

THIS privatization sells the little they have from one tyrant to a bigger one.