Rich In Oil, Venezuela Is Now Poor In Most Everything Else : Parallels : NPR
"There is no incentive because price controls mean that you lose money. So the more you produce, the more money you lose," he says.
Socialism rocks!
[/B]utm_source=facebook.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20150207]Rich In Oil, Venezuela Is Now Poor In Most Everything Else : Parallels : NPRrich-in-oil-venezuela-is-now-poor-in-most-everything-else?
"There is no incentive because price controls mean that you lose money. So the more you produce, the more money you lose," he says.
Socialism rocks!
Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.
A good place to stay away from.
it is a good place to stay away from.
A good place to stay away from.
price controls, the state stealing entire industries, etc ,etc... it might be a recipe for leftist utopia, but it's not a recipe for success.
Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.
A good place to stay away from.
It amazes me why anyone thinks government economic interventions work. History has proven time and time again that they dont. If you want prosperity then you should be promoting free markets. There is no alternative.
Woulda, coulda, shoulda. :roll:
$755 for a box of condoms? No protection from shortages in Venezuela - CNN.com
So much for that great Healthcare.
You did notice that this thread is about what's going on in Venezuela, not in the USA, eh? :roll:
"Condoms aren't completely safe, a friend of mine was wearing one and he got hit by a bus." ~ Bob Rubin
Indeed. Chavez must be laughing in his grave, rather than turning in it. So much for all those promised improvements.
Rather surprising that so many would welcome the same sort of failed crap to this country.
They welcome it because they know THEY will get it right THIS time.
e.They welcome it because they know THEY will get it right THIS tim
Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.
A good place to stay away from.
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