Venezuela a failure of CAPITALISM.

the US' economic model is socialism stupid

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

really?

Please Professor Dumbfuck, tell me how you arrive at that? Be specific. This is important enough for you to take that cock out of your mouth for a minute.
 
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.

You should submit this to the Onion
 
the US' economic model is socialism stupid

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

really?
those are government directive programs targeted to specific needs or insurance constructs.
But the money involved n the economy they support are capitalism.

Why am I not surprsied you support a socialist USA?
And you might want to ask yourself if the US politicians drained SSA for omnibus budgeting needs
what's the possibility they wouldn't do the same with any pot of money they came across.

Do you trust Congress to direct the economy?? what could go wrong?? :palm:
 
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.

Does that mean the socialist states transitioned out of fossil fuels in the 1970s?
 
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

Right. It's a yin and yang. someone has a need, and someone else takes a chance someone will have that need, and when it works out, everyone gets what they want. If the guy taking a chance thinks the government might take his inventory and hand it out, why would he keep doing it?
 
God, just think of the all the little things we enjoy that make no sense in a socialist society:
Movies: Is the government producing movies via public opinion survey? FUN STUFF!
Restaurants: All restaurants are taco bell now
Sports: Which team do we root for when we own them all?

LOL this could go on and on
 
Sure....people all over TEXAS in 2016 were starving and suffering from ROLLING BLACKOUTS because the price of oil dropped

And why did it drop? Because OPEC increased the global supply, which led to a reduction in the price per barrel. So Texas, so heavily reliant on fossil fuel revenues for its budget, faced virtually the same situation Venezuela faced; unable to meet its budgetary commitments because of a drop in oil revenues thanks to the increase to the global supply.


..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.

None of this matters if the price per barrel declines. It doesn't matter if the oil is owned by the state or a private company, both are affected by an increase in supply and decrease in global price per barrel; and the more oil you extract, the lower the price per barrel goes. So drilling more and increasing production will not put you ahead, it will result in you falling farther behind.


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.

Most of that $20T are wars and tax cuts you wanted.
 
Does that mean the socialist states transitioned out of fossil fuels in the 1970s?

What socialist states were those - somewhere on the Moon, perhaps, where the imperialist armies couldn't get at them? Socialism is political control by the (normally huge majority) working class. I don't know how big this class is in Venezuela, but if you believe they are in control you have been taking too may drugs from your Colombian colony.
 
Why do you keep calling Canada socialism? Because you have zero understanding of socialism, that's why.

If the label of socialism bothers you so much, then fine!

We can pass Canadian-style call-it-whatever-you-want, and you can sit from behind your keyboard and type "ack-chu-uh-lee" all day long and give yourself comfort that your ad hoc definition of things is the standard.

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

Not really because I know Denmark isn't fascist, but if you were coming out in support of whatever-it-is-you-want-to-call-European-socialism, then I'd let you have that bottle.


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.

OK, so everyone is wrong on the game of semantics except you. LOL. What a fucking crybaby.
 
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.

And over that time, the US oil and gas industry lost how many jobs?

Well, let's find out:

According to BLS, in 2008 there were a total of 154,000 people employed in oil and gas extraction. By February 2019, that number dropped to 150,000. And when did the drop occur? Late 2015.

Since reaching a peak of 200,800 people employed in October 2014, 25% of all oil and gas extraction jobs have been lost.

Why do you think that is?

The price per barrel, right?

So increasing production has what net effect on the price, and subsequently, employment and revenues?
 
Well, healthcare is tied to the price per hour of doctors, nurses, etc...

It's really tied to the chargemaster, not the hourly rate of the labor.

This is the best explanation of what a chargemaster is and does that I've ever seen or read:

 
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

which is why pure socialism cant work


just like pure capitalism cant work


just like Pure Democracy cant work



just like merely being a republic cant work


they all fall pretty to the greed of sociopathic people



The founders of the United states realized that


SO THEY CREATED A HYBRED that just might work


and to make sure any of its unforeseen flaws could be corrected by the people themselves



regulations


enforcement of laws and regulations


A Democratic republic with a constitution that could react to the peoples will


the right now hates that constitution and government
 
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 i

Does the utility outweigh the costs? Let's investigate that because I don't suspect it does. Now while we do use petroleum in things like plastics, the overwhelming majority of oil is used for energy purposes. We can certainly improve mileage standards for cars, as Obama did, and even transition from hybrids to full electric. Also, increased public transportation would help, as would telecommuting. The point is that we can get off our dependency on oil, it just requires funding innovation.


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?

You just answered your own question; the more oil Venezuela produces, the lower the price per barrel. So it becomes a race to the bottom; pump more oil to make up for the decline in the price of oil because more is pumped.

Should Venezueals have diversified their economy more? Of course. But to lambast them for not investing more into the oil infrastructure while also saying they should diversify their economy is bullshit.


Where's the money gonna come from without capitalism, you one-thought-maverick?

I'm not entirely sure what the solution to Venezuela is, but I know that increasing oil production isn't it.
 
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