Earl (03-15-2019)
CharacterAssassin (03-15-2019), LV426 (03-15-2019)
How?
Venezuela's economy crumbled for the same reason Texas' did a few years ago; both are petro-states that rely on revenues from fossil fuels to pad their budgets in lieu of taxation. So naturally, when the price of oil drops, the amount of revenues flowing into the Treasury of each petro-state drops as well. That causes budget crunches which result in cutting of services, which result in economic downturns.
When I die, turn me into a brick and use me to cave in the skull of a fascist
It’s not a fact. Providing electricity, defense etc. is not a socialist economic unit. It’s similar to public utilities that provide services that the individual can not provide for him/herself. It’s paid for by taxpayers.
“This country will never be a socialist nation.” President Trump.
The economy of Venezuela failed because of SOCIALISM. The control of their goods and services ( Socialism) by Maduro led to their citizens’ starvation.
"It [the draft] is duty rather than slavery. I part with the author on the caviler idea that individual freedom (whatever that may be to the person) leads to nirvana, anyone older that 12 knows that is BS."
-(Midcan5)
"Allow me to masturbate my patriotism furiously and publicly at this opportunity."
-(Ib1yysguy)
"There is no 'equal opportunity' today unless the government makes it so."
-(apple0154 )
"abortion is not killing Its birth control"
-(Desh)
Which has nothing to do with the failure of capitalism in the oil markets.
Everything you're screeching about has nothing to do with why and how Venezuela got to where they are today.
Your free market, capitalist ideology that is centered around the fetishizing of fossil fuels, is 100% responsible for what is happening there.
Your primitive solutions are to drill more, thus further devaluing the price of oil, causing the nation to fall even farther behind.
You're simply too immature to grasp this subject.
Why? Because the price per barrel of oil dropped, and Venezuela relied on revenues from fossil fuels to fund its budget.Venezuela did not experience an economic downturn. It collapsed entirely.
Now, who are the people in this country who want us to drill more? Who was it who said "drill baby drill"? Well, now that you know what happens when you increase oil production, are you now second-guessing those long-held beliefs? Or are you doubling down on how stupid they are?
Think carefully before you respond.
When I die, turn me into a brick and use me to cave in the skull of a fascist
The greatest failure of any system—socialist, Marxist, fascist, etc—is when it crushes liberty. Not when it mismanages its affairs and responsibilities.
Liberalism is not responsible for the failure of your demented and vile socialism. Only socialism is responsible for what socialism does, and how it fails. The inability of socialists to comprehend markets and to adjust to changing realties of the world around them will always catch-up to them in the worst ways. Still, the economic failures of socialism are a secondary consideration to its general illiberalism.
The answer to your question is people with a fucking brain. You could never hope to understand the matter of supply, because socialists do not comprehend markets.
Last edited by Minister of Truth; 03-15-2019 at 11:53 AM.
"It [the draft] is duty rather than slavery. I part with the author on the caviler idea that individual freedom (whatever that may be to the person) leads to nirvana, anyone older that 12 knows that is BS."
-(Midcan5)
"Allow me to masturbate my patriotism furiously and publicly at this opportunity."
-(Ib1yysguy)
"There is no 'equal opportunity' today unless the government makes it so."
-(apple0154 )
"abortion is not killing Its birth control"
-(Desh)
Earl (03-15-2019)
Socialism failed its citizens in Venezuela. It failed to provide sufficient food.
“Just 25 percent of registered voters hold a positive view of Socialism, including 50 percent of self-described liberals, while nearly 60 percent hold a negative view. On capitalism, the numbers are nearly exactly reversed: 57 percent favorable, and 28 percent unfavorable. As for the overall role of government, this should be welcomed as a healthy sign by conservatives:”
Fox poll.
Socialism hasn't "failed".
What failed in Venezuela is the concept of petro-dollars and basing your economy on fossil fuels, knowing that you ultimately have little control over the global price.
If oil prices had remained high, there wouldn't be any problems there.
But oil prices didn't remain high.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Earl (03-15-2019)
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