Washington Post: Venezuela should be rich. Instead it’s becoming a failed state.

[Fenton]

Venezuela is suffering from a collapse of oil prices. It's that simple. Russia is suffering from low oil prices. Saudi Arabia is suffering from low oil prices, except that SA has large cash reserves to weather the low prices that SA alone controls. SA can cut production and increase prices at any time. It is commonly assumed that Saudi Arabia agreed to cause the price drop to squeeze both Russia and Venezuela. The US and the Big Banks are attempting to gain hegemonic control over all the World's economies a/k/a, the NWO unipolar domination. If they don't have control, they will not be able to prevent the collapse of the USDollar debt burden of the USA. Corporatism and corruptiion are the hand in hand tools of the NWO. That would be the same Corporations that are considered humans under the Citizens United Supreme Court ruling. Socialism is not the problem in Venezuela. Socialism just transfers monies from National patrimony to the people. Corporatism transfers the people's patrimony to the Corporations.

That is simple, and wrong


Venezuela is suffering from Socialism, from stealing private property and running those industries into the ground.

Who builds a economy solely dependant on one of the most volatile commodities out there ?

Socialist central planners do while they mismanage all other industries into insolvency ?

 

[Fenton]

Your opinion is just that, opinion.

All of that could have just as easily been the result of corruption, cronyism, lack of accountability, and/or a single man having complete control over the central government.

Its not a question if its TRUE, which every bit of that is.

Ill ask you AGAIN. Why are there shortages in Venezuela ?

Its a simple question.

 

[shagg]

Its not a question if its TRUE, which every bit of that is.

Ill ask you AGAIN. Why are there shortages in Venezuela ?

Its a simple question.

You can believe your opinion to be true as much as you want, I don't have accept it on faith. You gave me a theory that fits the current situation, but mine is equally plausible. That a single person with too much power made bad decisions and no one in the government had the power to oppose him. Government ownership of the means of production may be a communist/socialist concept, but the means he used to get there qualifies as fascist.

Shortages:
Because no one wants Bolivars, and the government will only allow so many to be converted into foreign currency (mostly dollars I believe) a month/week, and business owners can't get enough currency to buy their supplies and stock for the month/week.

Basically the currency failed, and the government regulations are creating an artificial problem that the government refuses to address or even acknowledge.

 

[shagg]

Fenny, I think I see your problem.

This

stealing private property and running those industries into the ground.

Does not equate to this

Venezuela is suffering from Socialism

Who builds a economy solely dependant on one of the most volatile commodities out there ?

Socialist central planners do while they mismanage all other industries into insolvency ?

What does building an economy dependent on a volatile commodity have to do with socialism? Mismanaging industries into the ground, how is this socialist? My money is on a powerful individual making bad decisions that the government didn't have either the power or the will to stop.


Is it possible for capitalism to fail?

 

[Fenton]

Fenny, I think I see your problem.

This


Does not equate to this






What does building an economy dependent on a volatile commodity have to do with socialism? Mismanaging industries into the ground, how is this socialist? My money is on a powerful individual making bad decisions that the government didn't have either the power or the will to stop.


Is it possible for capitalism to fail?

Building a economy completely dependent on a volatile commodity while destroying once profitable privately owned industries has EVERYTHING to do with Central planning and the inherent corruption, waste and mismanagment that comes with Socialist central planning.

Govt run industries are accountable to NO ONE. Theres no accounting for things like waste, demand, production.

The failures those Govt run industries are simply blamed on " Capitalism"

 

[Velvet Elvis]

As much as socialism played a part in Venezuela's collapse, that's not the true answer.

It was a tin pot dictator that put sycophants in charge of everything, instead of skilled, intelligent people. Chavez was more interested in retaining and increasing his power and control, than actually running the country responsibly.

Socialism was just the grease that let that ball roll down the hill so much faster.

 

[shagg]

Building a economy completely dependent on a volatile commodity while destroying once profitable privately owned industries has EVERYTHING to do with Central planning and the inherent corruption, waste and mismanagment that comes with Socialist central planning.

All opinion. A central planning model is especially vulnerable to corruption, mismanagement, and waste, but that doesn't mean it can't be successfully implemented. It just means the government has to actually pay attention and put capable people in charge, not just loyal people. And as far as the volatile commodity goes, that's an individual decision based on convenience, not on economic model.

Govt run industries are accountable to NO ONE. Theres no accounting for things like waste, demand, production.

The failures those Govt run industries are simply blamed on " Capitalism"

I wouldn't want the government running most industries, healthcare being one exception, I don't buy that far into the ideology. But you can't try and assert that it's impossible for the government to do it in a way that works. The lack of accountability here is Chavez being all powerful and putting the wrong people in charge of the wrong things.

 

[Fenton]

All opinion. A central planning model is especially vulnerable to corruption, mismanagement, and waste, but that doesn't mean it can't be successfully implemented. It just means the government has to actually pay attention and put capable people in charge, not just loyal people. And as far as the volatile commodity goes, that's an individual decision based on convenience, not on economic model.



I wouldn't want the government running most industries, healthcare being one exception, I don't buy that far into the ideology. But you can't try and assert that it's impossible for the government to do it in a way that works. The lack of accountability here is Chavez being all powerful and putting the wrong people in charge of the wrong things.

Not opinion, fact. Youre arguing from a point of opinion, Im stating facts and giving examples ( Venezuela )

And you still havent answered my question. Why are there shortages of basic goods and supplies in Venezuela ?

 

[shagg]

And you still havent answered my question. Why are there shortages of basic goods and supplies in Venezuela ?

post #53

 

[Van Basten]

That will teach them to act a fool and support these socialist, kleptocratic thugs.

Next time, they'll get a nice social-democrat or progressive in office and stop trying to pin their failures on us Yankee imperialists.......their biggest trade partner. Good riddance to the Pink Tide.

BTW, trying to paint Sanders the same as these clowns? Top notch nonsense.

 

[Fenton]

post #53

Lol...there's nothing artificial about Venezuela's problems.

They burned their creditors, drove away foreign investment, defaulted on their debt and started printing. Its problems have nothing to do with the Bolivar being pegged with the Dollar or their Bussinesses not having enough bolivars.

Venezuela is dependent on IMPORTS, and no importers wants to be paid with Bolivars.

 

[Grim17]

:lol:

Well you support the opposite which means you support hitler.

Like I said, non-thinking hyperbolic idiocy is just plain stupid.

I wasn't trying to offend you or anyone else. After doing extensive research over the years on socialism and examining why over the last several centuries, it's failed over and over again, something became very clear. The reason socialism fails is because from top to bottom, it runs counter to human nature. Even though socialism sounds wonderful on paper, The entire philosophy just isn't compatible with who we are as human beings. The massive, centralized government control over the people always corrupts it's leaders, squelches individual freedom, stifles innovation, kills productivity and most importantly, it takes away the dreams people have to build a better life for them and their families... and without those incentives to motivate people to work harder, you end up with a society full of freeloaders, and a workforce that's complacent and unmotivated.

Capitalism isn't perfect, but it doesn't lead to 50% inflation, food shortages or turn a nation into the kidnapping capitol of the world. Capitalism creates dreams because it affords anyone an opportunity to make it big... and whether you like it or not, It's that opportunity which leads to innovation, a productive workforce and incentive for people to stop sucking on the government's tit, get off their asses and make something of themselves.

Watch this short clip and listen carefully to what Milton Friedman says to Phil Donahue. What he says cuts right into the heart of the anti-capitalists and those who support socialism, and renders both Donahue and his always supportive audience, speechless.