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Thread: Venezuela a failure of CAPITALISM.

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    Quote Originally Posted by Flash View Post
    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?
    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 tinfoil View Post
    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:

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    Quote Originally Posted by CosmicRocker 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
    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

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    Quote Originally Posted by LV426 View Post
    You're not laughing, you're posturing.

    No one buys it.
    No one buys that I’m laughing at you and this thread? You tell yourself that if you need to.

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    Quote Originally Posted by tinfoil View Post
    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.
    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
    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.




    OK, so everyone is wrong on the game of semantics except you. LOL. What a fucking crybaby.
    I said you were wrong. You don’t know what socialism is, and here you are advocating for it. Just brilliant.
    The anti-Trumper's new mantra:

    “B-b-but muh White supremacy”

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    Quote Originally Posted by anatta View Post
    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
    This is naive.
    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 cawacko View Post
    No one buys that I’m laughing at you and this thread? You tell yourself that if you need to.
    You try to convince other people that you're laughing when the reality is that you're just stalling because you don't know shit, and never have.
    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 Heff View Post
    I said you were wrong. You don’t know what socialism is, and here you are advocating for it. Just brilliant.
    So then what would you call Canada's single payer, universal health care system?
    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 try to convince other people that you're laughing when the reality is that you're just stalling because you don't know shit, and never have.
    Stalling? Your premise is a joke. There's nothing that needs to be responded to. You are getting repeatedly clowned ITT yet you just dig yourself a deeper hole. Have at it champ.

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    Quote Originally Posted by LV426 View Post
    NO.

    Capitalism failed because the global price per barrel dropped and caused a decline in revenues to the state.
    Well, 20 years of socialism has certainly cleaned up that mean ol' capitalism mess though, right?
    “The Communist party must control the guns.”
    ― Mao Tse-tung



    “Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin



    “Everything under heaven is in utter choas; the situation is excellent.”
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    Quote Originally Posted by LV426 View Post
    You should kill yourself since you lack any critical thinking skills and offer nothing of value to the world.
    I R O N Y!!!
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by cawacko View Post
    Stalling? Your premise is a joke. There's nothing that needs to be responded to. You are getting repeatedly clowned ITT yet you just dig yourself a deeper hole. Have at it champ.
    Look at the people who thank your posts; the worst of the worst deplorables. The most racist among those on the board. Did you ever stop and wonder why it is that your belief system seems to attract people like ILA and CFM?
    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
    So then what would you call Canada's single payer, universal health care system?
    I'd call it workable in a country that has 10% of the population of the USA, with more land mass and natural resources. Hell, they don't pollute anything, and they're the most polite people I've ever met. If I were you, I'd even call it home! Why don't you take all the rest of the America haters with you and move up there, eh hoser? Oh...it's the politeness thing, right? Never mind(also, that universal health care system? It ain't universally loved up there)
    “The Communist party must control the guns.”
    ― Mao Tse-tung



    “Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin



    “Everything under heaven is in utter choas; the situation is excellent.”
    ― mao tse-tung

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    Quote Originally Posted by Callinectes Ocasio-Cortez View Post
    Well, 20 years of socialism has certainly cleaned up that mean ol' capitalism mess though, right?
    Where's the 3% growth you promised?
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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