Venezuela confirms bigger bills amid world's highest inflation

[minteK917]

Show me a country not in crippling debt. All these countries are funding their socialism/socialist policies off a combination of wealth generated by the free market in years past, borrowing, and debt. None of these countries, the USA included, are going to be stable in the long run. Fiscal reality will find them and then be ready for either massive depression or war.

So now we know that you dont know what federal dept really are. BTW, countries arent run like the room your rent to your mother.

[NED funded]

https://en.wikipedia.org/wiki/Mixed_economy Pretty much every country in the developed world falls fairly into this category. Including the United States itself.

Sanders identifies itself as the typical European socialist, of which there is a wide range. Hell most of the European center right is further to the left than Sanders is. I am saying this is as an American living in Europe.

Pegging Sanders to one of the half a dozen dysfunctional "socialist" states is disingenuous when he himself doesn't identify with those nations and when his political platform is simply an adaptation of a handful of socialist policies from other western Mixed Economies.

That's just capitalism with goverment intervention.

Also lol at monetary policy being socialist.

Forgot this:
“These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger.”

[Theinquisition]

Fat fuck Chavez is dead.

They'll elect someone who realizes the hole he's dug them in...


Sooner or later.....

Probably later....

I'd wager that Maduro will more than likely use the crisis to solidify his power. I wouldn't be surprised if democracy in Ven. goes away entirely.

[NED funded]

On and off the bubble is the economic norm in South America.

Usually they get out. Kirchner eliminated that possibility.

[Gorgodeus]

Hard to diversify when you, as a entrepreneur, are afraid that the gov't could nationalize your business at a whim. Socialism in action for ya.

The gov't is what drives diversification. Perfect example is the countries of the UAE in the Middle East. Their GDP used to be nearly all driven by oil production, and now it only accounts for 31% of their GDP. Venezuela's failure to diversify is the gov'ts fault.

[THE Bigzoman]

You gotta love how some lines of economic thought are met with responses like "You must live with your parents".

[Elegiac]

Part of the problem with Ven. is that they were so hostile to other industries that they have almost no diversification.

Could be, could be that the lavishing of attention on oil related industries meant that available capital was being put into oil. Either way the ultimate point of folly is pursuit of short term interest and the fact that Venezuela, like other commodity based economies, is far more vulnerable to market shifts than a more diverse industrial or service based economy.

There's really not an issue with the government maintaining an active interest in certain market sectors, if only to set a baseline standard (telecommunications, post, healthcare, etc.), but this was just profiteering masquerading as social investment.

[Deleted]

I will explain why socialism can work to a limited degree under very specific circumstances, but is a massive failure in every other situation. Socialism as seen in places like Sweden, Denmark, the Netherlands, etc are all predicated on two specific requirements. They require both a homogeneous population/culture and high employment. A socialist system can work in theory if all or nearly all citizens believe the same things. They must recognize that to get government benefits they must work and pay taxes to pay for them. They must also realize that people need to work to pay those taxes. If those conditions are met a socialist system can be stable, however since all of those countries have growing debt levels we can see the system is far from stable even at best.

The nations that you mention, are first of all some of the lowest debts of GDP percentage in the western world, second none of them are accumulating more debt, they are paying it off.
If you had said this in 2013-14, you'd be right, but so was every single other western nation.

[THE Bigzoman]

Usually they get out. Kirchner eliminated that possibility.

Right.

We're in agreement here.

[Theinquisition]

Come on Tony, don't get down to that level of idiocy. You're much better than to get involved in the shit eating contest that is "Us vs them". Even if you think you win, you still lose due to having eaten a mountain of shit.

Not all leftist/liberals are bad, just like not all right wingers/cuckconservatives are bad.

Oh of course. You being one the of the awesome ones.

Theres a few in particular on this forum that fit the bill of being so brainwashed by a singular, partisan, point of view that they can't stomach any deviation of opinion. Espe, Pospospos, Didactic being a few that some to mind.

Conservatives and liberals often have the same goals, just different ways of getting there. When put into the same room, decent solutions can be created that make both sides happy.

I believe the problem comes from the die hard supporters of the far right or left that REFUSE to come to a consensus with policy that doesn't conform to their exact standards.

Honestly, I think this election really brought out the worst in many people. The media gave a lot of attention to the far left who labeled any conservative that disagreed with their SJW agenda as being racist, homophobic, Xenophobic, transphobic..etc etc. This trend pushed people into the other camp, you can only be labeled so many times before you just give the other side the middle finger and vote for the guy they don't like.


[Infracted]

[NED funded]

There is no example of a working democracy because most governments figured out a long time ago that the pure isms don't work. All our current governing systems dip their toes in socialism, communism etc, if you know a country that is purely democratic and nothing else enlighten me.

Bolivia wasn't pure socialist and is failing. Peru wasn't pure socialism when Alan Garcia took power and failed. Same Argentina . Also no government intervention is not socialism.

[Elegiac]

Oh of course. You being one the of the awesome ones.

Theres a few in particular on this forum that fit the bill of being so brainwashed by a singular, partisan, point of view that they can't stomach any deviation of opinion. Espe, Pospospos, Didactic being a few that some to mind.

I try to give you a civil post, mate, and you let me down.

[Deleted]

Honestly, I think this election really brought out the worst in many people. The media gave a lot of attention to the far left who labeled any conservative that disagreed with their SJW agenda as being racist, homophobic, Xenophobic, transphobic..etc etc. This trend pushed people into the other camp, you can only be labeled so many times before you just give the other side the middle finger and vote for the guy they don't like.

Wanna know the funny thing about this? Those people don't recognize that they are doing the exact same thing, labeling crybabies/sjws/whatnot on anything left wing and hence just making themselves prime for the same downfall

[THE Bigzoman]

Wanna know the funny thing about this? Those people don't recognize that they are doing the exact same thing, labeling crybabies/sjws/whatnot on anything left wing and hence just making themselves prime for the same downfall

It can't be helped. It's a cycle.


Doesn't change the fact that people on one particular end of the spectrum are bigger cunts.

[NED funded]

When I said the nation, I meant the government. Morons seemed to think the Holy Grail of Oil would carry them forever and didn't even consider planning for shit like this. If they'd bothered building their own damn farms with investments, they wouldn't have their own people starving like they are now.

As to socialism, I'm of the opinion that a pure anything-ism economy is liable to fail, because the world is too complex and issues are too varied for them to work on their own, especially since we have not yet hit the point where robots in factories produce all our needs.

Right? I mean, I'd laugh as well if not for the countless people suffering because of it.

Eeeeh oil production in Venezuela is at an all time low. So saying that oil prices and lack of diversification were the main reason Venezuela is in this state is somewhat naive.If we follow the example of oil production, even if the state had chose to diversify their productivity would be in the gutter.

[Elegiac]

It can't be helped. It's a cycle.

Doesn't change the fact that people on one particular end of the spectrum are bigger cunts.

Those being the actual racists, quite frankly.

[Deleted]

Those being the actual racists, quite frankly.

You know what irony is?

[Theinquisition]

I try to give you a civil post, mate, and you let me down.

In my defense m8, I wrote this before I saw your post.

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Could be, could be that the lavishing of attention on oil related industries meant that available capital was being put into oil. Either way the ultimate point of folly is pursuit of short term interest and the fact that Venezuela, like other commodity based economies, is far more vulnerable to market shifts than a more diverse industrial or service based economy.

There's really not an issue with the government maintaining an active interest in certain market sectors, if only to set a baseline standard (telecommunications, post, healthcare, etc.), but this was just profiteering masquerading as social investment.

Problem is that Ven. Decided to nationalize many private businesses, confiscate goods and assets and demonize anyone who dared to make a profit. They also confiscated holdings of foreign corporations which killed almost all foreign investment.

Long story short, they hedged all their bets on oil and created popular support by labeling all detractors of the gov't economic policy as being against the people.

[Elegiac]

Problem is that Ven. Decided to nationalize many private businesses, confiscate goods and assets and demonize anyone who dared to make a profit. They also confiscated holdings of foreign corporations which killed almost all foreign investment.

Long story short, they hedged all their bets on oil and created popular support by labeling all detractors of the gov't economic policy as being against the people.

Again, profiteering masquerading as social investment. If they were smart, they'd have done what the UAE is in the process of doing and used the obscene profits to build Venezuela up into a service hub.

But hey, corrupt dickheads gonna be corrupt whether socialist or fascist.

[Theinquisition]

Wanna know the funny thing about this? Those people don't recognize that they are doing the exact same thing, labeling crybabies/sjws/whatnot on anything left wing and hence just making themselves prime for the same downfall

Not really, the only people that are being labled crybabies are the people protesting the election and destroying property. You don't see conservatives labeling your run of the mill American a Cuck, unlike how SJW's were labeling almost every American as being some sort of fascist or racist if they didn't agree.

Hell, that's all the term "white privilege" is, its a label used to bludgeon white men and women into not having a opinion. Don't agree with a SJW? you better check your privilege.

Want to make a argument with a SJW....pffft, go whitesplain it to someone else.

- - - Updated - - -

Again, profiteering masquerading as social investment. If they were smart, they'd have done what the UAE is in the process of doing and used the obscene profits to build Venezuela up into a service hub.

But hey, corrupt dickheads gonna be corrupt whether socialist or fascist.

Well..I dis....

wait...are you telling me we can agree on something?!

That's it, im going on vacation, something isn't right here.