Both versions show state ownership screwing over the people.Accurate short version: The gov't mismanaged oil refineries and got a larger shock because of it than they should have.
So basically, getting the majority of the poor to be literate, educated, and not in poverty is ill-advised policy.

The goal isn't in question, its the means they chose. They have put many people in a situation worse than before. The road's surely paved with good intentions and all...