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Thread: Venezuela a failure of CAPITALISM.

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    It is a country with one product to export, oil. It dominates their economy and it makes them vulnerable to price and use. As we go more electric, they will sell less and less. No matter what government they have, OPEC and international energy companies have power over them.

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    Quote Originally Posted by Heff View Post
    More ahistorical, nonsensical lies. Kim Jung Un says the same sort of nonsense to the citizens of his slave state.
    You're a fucking moron whose judgment is so poor, you got conned into voting for a reality TV show host.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by LV426 View Post
    You're a fucking moron whose judgment is so poor, you got conned into voting for a reality TV show host.
    You're saying the same shit as Maduro, the socialist dictator driving Venezuela into the ground. Duped and conned by a dictator.
    The anti-Trumper's new mantra:

    “B-b-but muh White supremacy”

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    Quote Originally Posted by noise View Post
    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
    Nations of the world would do well to consider the Norwegian model.

    A nation in which its oil resources are held as a public trust by a state-owned oil company, and in which major sectors of the economy like energy, finance, and telecommunications are owned by State companies for the benefit of the citizens of the nation. Private investment and enterprise is allowed an encouraged, but private enterprise is not allowed to control the vital public commons and mineral resources of the nation.

    Norwegian Statoil is the model for a state owned oil company. PDVSA is not the model.

    “It's true that private enterprise is extremely flexible, But its only good within very narrow limits. If private enterprise isn't held in an iron grip it gives birth to people who are no better than beasts, those stock-exchange people with greedy appetites beyond restraint.”

    - Aleksandr Solzhenitsyn

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    U. S. crude oil production has continued to climb since 2009 and has hit record highs (with a slight downturn in 2016). Why is supply and demand creating a disaster in Venezuela and a boom in the U. S. since they are in the same world oil market? Does supply and demand not operate in socialist nations?

    https://www.macrotrends.net/2562/us-...storical-chart

    https://tradingeconomics.com/venezue...oil-production

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    Quote Originally Posted by Heff View Post
    You're saying the same shit as Maduro, the socialist dictator driving Venezuela into the ground. Duped and conned by a dictator.
    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.

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    Quote Originally Posted by Mr.Badguy View Post
    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.
    That's not true. The main criticism of why socialism always fails is that a group of technocrats cannot manage an economy. This turns out to be true in every case of socialism, including Venezuela.
    The anti-Trumper's new mantra:

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    Quote Originally Posted by Heff View Post
    You're saying the same shit as Maduro, the socialist dictator driving Venezuela into the ground. Duped and conned by a dictator.
    Maduro is calling you a phony baloney poseur too?
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by Flash View Post
    Why is supply and demand creating a disaster in Venezuela and a boom in the U. S. since they are in the same world oil market?
    1) The US didn't boom.

    2) The same problems Venezuela faces were ones states like Texas faced in 2016: U.S. Energy Plunge Slams State Budgets, Raising Tax Hike Fears

    So when you have a state that is reliant on fossil fuel revenues, and when the price of oil drops as it did, predictably those states that rely on fossil fuel revenues find themselves in a budget crunch because of diminished returns. And increasing production only makes them fall further behind because it has the net effect of further reducing the price by increasing the supply.
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    Quote Originally Posted by Heff View Post
    That's not true. The main criticism of why socialism always fails is that a group of technocrats cannot manage an economy. This turns out to be true in every case of socialism, including Venezuela.
    So Canada is a failed state?

    Norway is a failed state?

    South Korea? Japan? Germany?

    These are failed states? Since when?
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    Quote Originally Posted by LV426 View Post
    1) The US didn't boom.

    2) The same problems Venezuela faces were ones states like Texas faced in 2016: U.S. Energy Plunge Slams State Budgets, Raising Tax Hike Fears

    So when you have a state that is reliant on fossil fuel revenues, and when the price of oil drops as it did, predictably those states that rely on fossil fuel revenues find themselves in a budget crunch because of diminished returns. And increasing production only makes them fall further behind because it has the net effect of further reducing the price by increasing the supply.
    So it's capitalism's fault that Venezuela doesn't diversify it's economy and nationalized it's oil industry?

    If the world was all socialist oil prices would stay constant?

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    Quote Originally Posted by cawacko View Post
    So it's capitalism's fault that Venezuela doesn't diversify it's economy and nationalized it's oil industry?
    Jesus fucking Christ...

    So on the one hand, Conservative morons like cawacko say that Venezuela didn't invest in its oil infrastructure so it can continue producing oil, but then on the other hand, say it is wrong for Venezuela to not diversify its economy.

    Make up your fucking minds, idiots. Thanks.
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    Quote Originally Posted by cawacko View Post
    If the world was all socialist oil prices would stay constant?
    If the world was all socialist, there wouldn't be any dependence on oil because we would have a global green economy and use petroleum for plastics and jelly (and hemp could probably replace it there anyway).

    But the world is not socialist, it is decidedly capitalist, which is why we have petro-dollars and a dependence on fossil fuels.
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    Quote Originally Posted by LV426 View Post
    Jesus fucking Christ...

    So on the one hand, Conservative morons like cawacko say that Venezuela didn't invest in its oil infrastructure so it can continue producing oil, but then on the other hand, say it is wrong for Venezuela to not diversify its economy.

    Make up your fucking minds, idiots. Thanks.
    Can't answer the question can you fraud? Instead you just project like always because you are full of sh*t. This topic is laughable just like you.

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    Quote Originally Posted by cawacko View Post
    Can't answer the question can you fraud? Instead you just project like always because you are full of sh*t. This topic is laughable just like you.
    Yes, it is capitalism's fault because it's the global oil economy from where Venezuela was deriving the lion's share of the revenues it was using to fund its society...and the reason they lean on fossil fuels is because of the global market for them.

    95% of Venezuela's exports are fossil fuels and it is the 6th largest OPEC member.
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