gay_Aleks
from the river to the sea, Palestine will be free!
context is for capitalists anyway
guys, come on
read the date on the OP
read the content of the necro post
Should make a new thread on Venezuela since its economic problems have reached boiling point ?
Though really is there enough interest in rehashing yet another economic melt down.
What I would be interested in is compiling a list of all public figures who have throughout the years praised Venezuela as a model for the rest of the developing world. These people should be held accountable for their idiocy.
I can start.
Imbecile #1: Noam Chomsky
ahahahahahahahahahahahahaha no.I thought you were a scholarly expert on more or less everything, Dachs.
As floundering oil prices cause economic chaos in Venezuela, things have deteriorated to the point where many government offices are open barely two days a week to save electricity. Food shortages are spurring lengthy lines for basic necessities, and drought has made the situation worse as even water becomes scarce.
In times of oil booms, Venezuelan governments go on spending sprees that don’t really generate into productive domestic industrial sectors. That means the country has become dependent on imports. While oil money is flowing, you can buy whatever imports that you want, but when that oil money stops, you have much less resources to buy.
petrostate has been deepened considerably during the Chávez and Maduro years to expropriate large sectors of the productive economy. The idea was that a productive apparatus could emerge on the basis of state-owned and worker-operated enterprises. The trouble with that is that basically these companies, even though they were state-run, were competing against much better profit-oriented enterprises.
The third factor, which is probably the most significant at this stage to explain why the crisis is so deep, is the currency controls -- which were implemented in 2003 after an oil industry strike aimed at ousting Chávez. Currency controls are usually a measure that you take for a year or two at the most, because after that, it creates an incentive for corruption, and that’s exactly what has happened. It created disincentives for production, and incentives for purchasing, hoarding and then reselling the scarce goods that there are.
http://www.huffingtonpost.com.au/2016/06/05/whats-behind-the-economic-chaos-in-venezuela/
If it helps, reading your response to him felt rather cathartic even as a bystander.God, reading Pangur Bán idiotic posts again nearly triggered me. Not sure why I did that.
Who would vote to be Anschluss by Venezuela given the state of the country ?
The amount of petrodollars per person is much lower then the wealthy gulf states, then there was nationalization which done poorly and run poorly. The final nail is the oil price collapse and drought bringing things close to critical.
Total misreading of US diplomacy, Seems that Venezuela main trading partner is the US and well the paranoia on display was pretty over the top.
Really though Venezuela could have avoided sanctions.
I wonder if the country will survive until 2018 elections ?
The United States had placed sanctions on seven (7) people who are citizens of Venezuela.
I don't see how placing sanctions on 7 people is supposed to be responsible for crippling an entire nation.
The entire "sanctions" arguement is a red herring presented by the incompetents that have been running the country into the ground. Maduro and others are blaming the US sanctions for the country's miserable circumstances because he must cast blame away from himself or the prior El Commandante.