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.”
You gotta love how some lines of economic thought are met with responses like "You must live with your parents".
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.
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.
Last edited by mmoccd6b5b3be4; 2016-12-06 at 12:55 AM.
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]
Last edited by Endus; 2016-12-06 at 03:54 AM.
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.
In my defense m8, I wrote this before I saw your post.
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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.
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.
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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.