Venezuela a failure of CAPITALISM.

[LV426]

Your false and failing premise is that capitalism is at fault because we wouldn’t have oil if not for capitalism

We wouldn't have the oil industry we have today if not because of capitalism.

If we didn't have capitalism, we would have transitioned out of fossil fuels in the 1970's when Exxon found out that they were causing climate change.

Since your premise is a failure now is when you usually start calling people racist to divert from your failure

You of all people don't get to decide when a premise is "a failure".

 

[LV426]

No, you're the one blaming capitalism and extolling the virtues of socialism.

How am I doing that?

By pointing out the failure of the global capitalist oil market?

By pointing to Canada and asking "if socialism so bad, then what gives up North"?

You're a crybaby.

I'm afraid of idiots saying they want socialism

You're afraid of people saying things. Imagine that.

have no clue what they're talking about but work to bring it about, and then get it.

So if we're wrong when we say we want a socialist system like Canada, and they're not socialist, then why the fuck do you care if we move to a system more like our neighbor's? Let us be wrong about the label, if the practice is totally OK.

Seems like you're the one with no understanding of socialism here.

 

[Heff]

Why do you keep calling Canada socialism? Because you have zero understanding of socialism, that's why. This whole thread you're defending Venezuelan socialism.

You are wrong when you say you want a socialist system like Canada, or in Bernie Sanders' case, Denmark.

If I said I wanted fascism like Denmark, would you elect me to congress? Would you not care?

So why do you keep defending socialism? Why are self-proclaimed socialists getting elected to congress? Because they're idiots. Because they have no clue what they're talking about.

 

[Flash]

1) The US didn't boom.

Since 2008 U. S. crude oil production has increased from about 5 million barrels a day to 12 million barrels in 2019 and is now the world's top producer. Crude Oil Production in Venezuela was 1,400,000 million barrels in 2019 down from a high of 3,800,000 in 1970. It nationalized its oil industry in 1976 and more expropriations in 2007.

If every oil producing nation was socialist the supply and demand for oil is going to affect the price the same if all of those nations was capitalist. So, I agree with you about the supply and demand determining the price, but disagree that capitalism had any different affect on that system than socialism.

 

[tinfoil]

But at its core, it's a failure of capitalist global oil markets since everything is tied to the price per barrel.

Well, healthcare is tied to the price per hour of doctors, nurses, etc... So why zero in on one tiny aspect of the economy in regards to oil, which provides so much much utility it's scary to think of a world without it? What is the point of saying that Venezuela suffers from the price of oil when they structured their society around the ability to sell oil on the capitalist market? Where's the money gonna come from without capitalism, you one-thought-maverick?

 

[tinfoil]

The socialist society used capitalism to prop itself up but the socialists still think capitalism is bad! LOL so stupid it makes you shake your head and check to see if you read it right. LOL

 

[Micawber]

Yes OP

 

[tinfoil]

it's a failure of state socialism- way heavily reliant on oil revenues to fund their massive socialism.
They drained ALL the revenues, instead of reinvesting like normal oil companies world wide do

Can they explain the alternative funding methods in non-capitalist world? LOL would love to hear that!

Long story short: Do this menial job for the good of society or society will deem you expendable. Does it ever have any other ending with socialism?

 

[cawacko]

We wouldn't have the oil industry we have today if not because of capitalism.

If we didn't have capitalism, we would have transitioned out of fossil fuels in the 1970's when Exxon found out that they were causing climate change.




You of all people don't get to decide when a premise is "a failure".

Oh it’s a failure alright. In fact it’s demonstratably laughable. And I am laughing at you kid.

 

[Truth Detector]

It's not socialism that led to the chaos in Venezuela, it's capitalism (as it always is).

Venezuela's economy is reliant on fossil-fuel production. So when the price of oil is high, Venezuela enjoys a wave of revenues based off the global price per barrel of oil. But when the price of oil declines, the revenues based off that decline as well thus creating budget crunches. The same thing happened in Texas and Oklahoma back in 2016, when the price per barrel of oil dropped significantly.

Now, Conservatives have taken to say if Venezuela merely used the revenues to further develop and expand oil production, they wouldn't face the problems they face today. But that is completely wrong because if Venezuela did that and increased production and expansion, that would only result in a further decline in the price per barrel because it would be increasing the supply of oil. So Venezuela can't merely drill their way out of the mess because doing so only further devalues the price of oil as they increase the supply.

So as you see, this isn't a failure of socialism. It actually has nothing to do with socialism and everything to do with the global, capitalist cartels who set the price of oil and control the supply that fluctuates the price.

Another massive pile of stupid. The loss of oil revenue did not create a shortage of food. The loss of oil revenue did not cause the shortage in toilet paper.

In fact, the price controls, private property confiscation and attacks on capitalism which chased the producers away are what caused the massive economic disaster we are currently seeing in Venezuela.

All the things liberals want to implement here, were done there. The result is predictable. Socialism is a failure everywhere it has been attempted.

I do wish you had a brain; but then, you wouldn't be the mentally challenged lying leftist dumb fuck we know you to be.

 

[anatta]

Can they explain the alternative funding methods in non-capitalist world? LOL would love to hear that!

Long story short: Do this menial job for the good of society or society will deem you expendable. Does it ever have any other ending with socialism?

honestly I've given up on "what they think" -much less getting any coherent explanations..

Capitalism directs money by needs. Investment/ buying and selling. it's the so called "invisible hand" because it doesn't require directives -it functions by itself because it matches the way humans naturally run their economies

 

[Truth Detector]

You're a fucking moron whose judgment is so poor, you got conned into voting for a reality TV show host.

Irony from a moron claiming that the drop in oil prices caused the massive inflation and shortages caused by Chavez's Marxist Socialism.

 

[Ralph]

It's not socialism that led to the chaos in Venezuela, it's capitalism (as it always is).

Venezuela's economy is reliant on fossil-fuel production. So when the price of oil is high, Venezuela enjoys a wave of revenues based off the global price per barrel of oil. But when the price of oil declines, the revenues based off that decline as well thus creating budget crunches. The same thing happened in Texas and Oklahoma back in 2016, when the price per barrel of oil dropped significantly.

Now, Conservatives have taken to say if Venezuela merely used the revenues to further develop and expand oil production, they wouldn't face the problems they face today. But that is completely wrong because if Venezuela did that and increased production and expansion, that would only result in a further decline in the price per barrel because it would be increasing the supply of oil. So Venezuela can't merely drill their way out of the mess because doing so only further devalues the price of oil as they increase the supply.

So as you see, this isn't a failure of socialism. It actually has nothing to do with socialism and everything to do with the global, capitalist cartels who set the price of oil and control the supply that fluctuates the price.

Up is down....north is south, and black is white. Sure....people all over TEXAS in 2016 were starving and suffering from ROLLING BLACKOUTS because the price of oil dropped......but OBAMA CARE came to the rescue...right..err...LEFT? Truth? Venezuela has 20% of the entire globes OIL RESERVES. The problem is not a product to sell and service....the problem is as always with SCOCIALIZATION....THE STATE took control of all industry, banks, property etc...…..and despite owning the same % of oil reserves as some middle eastern nations....The communist government in Venezuela bankrupted the nation because of a corrupt Totalitarian Regime.

COMMUNISM has mismanaged the people's wealth into nothingness. Just like the socialists in the US are responsible for a 20 trillion dollar credit card bill paying for the waste that is socialism.

 

[Truth Detector]

Nations of the world would do well to consider the Norwegian model.

Another asinine statement. Norway has a very tiny homogeneous population in a vast country of natural resources.

Tell me something asshat; if it is so great in Norway, why aren't people beating down their doors to get in like they are in the US?

 

[Truth Detector]

Maduro is a piece of shit no doubt, but to think Venezuela is where it is now "because socialism" is not only an oversimplification, it's just plain wrong.

Venezuela implemented every program Progressive Marxist socialists love here snowflake. To suggest that Socialism didn't lead to the disaster that is now Venezuela is to be a clueless low IQ moron, OR, a liar.

 

[tinfoil]

I asked a russian kid in 2001 who had come over for the summer to work as a counselor at a summer camp in litchfield ct connecticut and was also working at my brother's small restaurant: what is socialism really like?

I had so many questions for him. I asked who gets the best jobs? The easy jobs? Like an actor, or TV news person, and who gets the shitty jobs like cleaning sewers, digging ditches, etc... and I asked who decides who gets what job and does anyone feel like they got an unfair deal. He was dumbfounded. He'd never even thought about it. His response was that nobody cared and everyone felt they were part of something bigger. LOL I totally laughed and asked him why he would fly all the way the the US to work the summer at the rich kid camp in one of the wealthiest areas in the capitalist world, and he had to admit it was the money. LOL

socialism is an ideal, not a reality. The closest thing to socialism is slavery

 

[Truth Detector]

I'm not projecting the self-contradictory positions, you shitheads are.

This is what happens when Liberal dumb fucks get caught in their lying, they get triggered and lash out.

 

[anatta]

Socialism failed to feed its citizens in Venezuela. Socialism has failed all over the world.

Mao's collectives were socialism. Mao created a lot more problems like killing the intellectuals
and the Cultural revolution. But his economic model was socialism..

China would still be the "sick man of Asia" - but Deng Xiaoping came along and rejected all that
and returned China back to it's historical capitalism..

Thats an important lesson there; but today's young socialist have no historical perspective to see it
and i don't think they even want to

 

[tinfoil]

Mao's collectives were socialism. Mao created a lot more problems like killing the intellectuals
and the Cultural revolution. But his economic model was socialism..

China would still be the "sick man of Asia" - but Deng Xiaoping came along and rejected all that
and returned China back to it's historical capitalism..

Thats an important lesson there; but today's young socialist have no historical perspective to see it
and i don't think they even want to

Is it all stick and no carrot? Capitalism is more carrot, than stick. Libertarianism would be all carrot. How much carrot is the sweet spot for socialism?

 

[reagansghost]

Mao's collectives were socialism. Mao created a lot more problems like killing the intellectuals
and the Cultural revolution. But his economic model was socialism..

the US' economic model is socialism stupid

you never heard of farm subsidies, SS, Medicare, the VA, Medicaid etc?

really?