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I remember hearing leftist talk about how Chavez and his regime was proof socialism could work. Well I wonder what these people are saying now.
LOL!
LOL, these people have trouble getting toilet paper. I'm sure the people who hate capitalism could become a capitalist and sell toilet paper on the black market though.
LOL, these people have trouble getting toilet paper. I'm sure the people who hate capitalism could become a capitalist and sell toilet paper on the black market though.
There are only two classes of people in a socialist utopia. The political class and everyone else. The only people getting rich are the politically connected who feed off of everyone else.
Now, there's nothing wrong with that — in fact, it's a good idea in general — but only as long as you actually, well, have the money to spend. And by 2005 or so, Venezuela didn't. Why not? The answer is that Chávez turned the state-owned oil company from being professionally run to being barely run. People who knew what they were doing were replaced with people who were loyal to the regime, and profits came out but new investment didn't go in
See it in the US too , profits come out, but investments back to US isn't going in at same rate.
Things being used by public aren't getting the same tax money being put back in. Roads/infrastructure/schools/healthcare/etc. Though I don't agree with Bernie to the extent of taxes.
I remember hearing leftist talk about how Chavez and his regime was proof socialism could work.
You can find somebody who will say absolutely anything. In reality there isn't a single ism that does work. Ponder that awhile.
The only evidence we have is that democratic consumer capitalism with high taxation, wage supports, and extensive public benefits, has worked the best for the last 150 years or so.
But further developments in AI and automation will make most of the workers, soldiers, and the public obsolete. What will "work the best" then will be extermination. Does that make it a good idea?
See it in the US too , profits come out, but investments back to US isn't going in at same rate.
Yep and why would it. One reason being if you were being taxed into oblivion and constant threats of even more, wouldn't you say screw it and even go elsewhere where investment is rewarded?
People, specifically the left, don't understand human nature obviously. If I invest and you keep taking away more and more, then I'm not going to invest. Duh
I remember hearing leftist talk about how Chavez and his regime was proof socialism could work. Well I wonder what these people are saying now.
LOL!
Get prepared for a snotty, self righteous Progressive to lecture you that Venezuela didn't do it right and that you have no idea what Socialism is because it's magical knowledge that only a beret sporting Che fan can ever fathom. Peasant.
Get prepared for a snotty, self righteous Progressive to lecture you that Venezuela didn't do it right and that you have no idea what Socialism is because it's magical knowledge that only a beret sporting Che fan can ever fathom. Peasant.
Just saying...
Oh you are referring to the standard progressive leftist argument... if it didn't work they argue.. that's because we need more of it? LOL
These guys managed to go bankrupt on top of biggest oil reserves.
That's something people
Maduro has picked someone who doesn't even believe there's such a thing as inflation to be the country's economic czar. "When a person goes to a shop and finds that prices have gone up," the new minister wrote, "they are not in the presence of 'inflation,' " but rather "parasitic" businesses that are trying to push up profits as much as possible.
According to this — let me be clear — "theory," printing too much money never causes inflation. And so Venezuela will continue to do so. If past hyperinflations are any guide, this will keep going until Venezuela can't even afford to run its printing presses anymore — unless Maduro gets kicked out first.
Inflation had reached 141.5% by the end of Q3 2015, but is likely to have continued to accelerate in Q4, possibly exceeding 200% as we expected, showing the effects of monetization of the fiscal deficit.
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, profits come out, but investments back to US isn't going in at same rate.
