Venezuala's economy ranks 62nd
- Thread starter Topspin
- Start date
Minister of Truth
Practically Perfect
LOL But dude, there's 195 countries in the world (http://geography.about.com/cs/countries/a/numbercountries.htm), so 62 isn't half[ bad!
Actuallty, who am I kidding - 62 just plain sucks!
Actuallty, who am I kidding - 62 just plain sucks!
blackascoal
The Force is With Me
Good posters and debaters post links to supporting documentation and evidence that back up their claim .. that's the first thing.
Secondly, I just love, love, LOVE debating people who don't know SHIT about the world on the issue of socialism. That alone makes it worth being a socialist.
According to the CIA, Venezuela ranks 31st .. I repeat, THIRTY-FIRST in the list of countries by GDP.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
... which puts them ahead of countries like that great democracy of Israel .. YES, motherfucking Israel .. as well as ahead of several other democracies.
No, you couldn't post this bullshit in the thread that already talks about Venezuela because you thought you had something special to dig your dirty fingernails in with. You wanted to make sure this didn't get missed.
Well ..thank you, because I'm glad it didn't get missed as well.
Cancel 2016.2
The Almighty
Good posters and debaters post links to supporting documentation and evidence that back up their claim .. that's the first thing.
Secondly, I just love, love, LOVE debating people who don't know SHIT about the world on the issue of socialism. That alone makes it worth being a socialist.
According to the CIA, Venezuela ranks 31st .. I repeat, THIRTY-FIRST in the list of countries by GDP.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
... which puts them ahead of countries like that great democracy of Israel .. YES, motherfucking Israel .. as well as ahead of several other democracies.
No, you couldn't post this bullshit in the thread that already talks about Venezuela because you thought you had something special to dig your dirty fingernails in with. You wanted to make sure this didn't get missed.
Well ..thank you, because I'm glad it didn't get missed as well.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
Actually, he said GDP PER CAPITA... which you would know if you had bothered to read his post. Of course as usual, toppy is still wrong.
Venezuela is 53rd on a per capita basis... behind... that is BEHIND motherfucking Israel who ranks 30th.
Thanks for playing.
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The Almighty
Depends on cost of living for the area toppy. $12,000 a year would be great in Afghanistan where the average income per year is under $1k.
uscitizen
Villified User
well bend over , it is coming to America.
blackascoal
The Force is With Me
I just love playing with you guys.
I know what Top said in his post, I added my own take on it and what I added is factual .. GDP ahead of Israel, irrespective of your take on it.
Additionally, what is the point? All Latin American countries suffer from high rates of poverty and Venezuela's rank among Latin American countries (ahead of the great democracy of Mexico) isn't bad .. especially considering how far they have come.
Additionally, to answer another knucklehead comment, although power of income is relative to costs, $12,000 a year ranks Venezuela 48th among 195 countries .. near what Russians make and ahead of what citizens in other countries in the region make .. including the great democracy of Mexico.
That is what this is all about right?
How terrible socialist countries are ..
Thank YOU for playing.
blackascoal
The Force is With Me
Don't worry .. as your standard of living declines you can comfort yourself by telling yourself how much more superior you are to everyone else.
Please, give me more of the "superior" as we continue to pour money into banks as if we own them, and frantically attempt to bailout those superior banking and lending institutions as we teeter on the edge of financial disaster.
Cancel 2016.2
The Almighty
I just love playing with you guys.
I know what Top said in his post, I added my own take on it and what I added is factual .. GDP ahead of Israel, irrespective of your take on it.
Additionally, what is the point? All Latin American countries suffer from high rates of poverty and Venezuela's rank among Latin American countries (ahead of the great democracy of Mexico) isn't bad .. especially considering how far they have come.
Additionally, to answer another knucklehead comment, although power of income is relative to costs, $12,000 a year ranks Venezuela 48th among 195 countries .. near what Russians make and ahead of what citizens in other countries in the region make .. including the great democracy of Mexico.
That is what this is all about right?
How terrible socialist countries are ..
Thank YOU for playing.
You are comparing apples to oranges when you look at GDP as a whole vs. GDP on a per capita basis.
Israel is ahead of Venezuela, not behind.
From your rankings... that great democracy of Mexico is 13th in the world... and the US is first. Do you really think the economy of Mexico is 13th in the world? Or the US first?
Now if you want to adjust for purchasing power per capita...
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
This brings us to toppys Venezuela is 62nd comment.... so toppy, I apologize, you were actually correct.
blackascoal
The Force is With Me
I'm still anxiously awaiting your point.
Irrespective of where Venezuela sits on either list .. what is your point? Undoubtedly Venezuelans are faring much better than many citizens in other countries in Latin America .. and in fact, Venezuela is a LEADER in aid to Caribbean and other Latin American countries. Chavez sends 200,000 barrels a day of oil under aid deals, which provide low-cost, long-term financing, and allow recipients to settle part of the bill in non-cash payments like nutmeg and bananas.
And, since you're so keen on sticking to Top's post, he compared GDP in Venezuela to that of the "capitalist" US. If you think that's an intelligent comparison .. I recognize intelligence is a premium .. everybody doesn't get to have it.
You and Top are a lot of fun .. but see if you can figure out what your point is.
I have no clue what it's supposed to be.
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The Almighty
The point BAC, since you seem incapable of comprehending it, is that your great socialist Venezuela produces LESS per capita, has LESS buying power per capita than the US, Mexico, Israel. You know... those great democracies that YOU tried to compare Venezuela to.
Yes, I am sticking to the topic of the thread.... If you dont wish to discuss it BAC, then why are you here? If you want to discuss something else, start a thread on it.
Or stick your head in the sand again and keep chanting how great Chavez and Venezuela are.
Topspin
Verified User
BAc is near retarded on economics. Does he even know what per capita means. We have had bank problems several times before and bags wish of us falling to a level of his beloved Chavez wouldn't happen in the worst case senerio in his grand kids lifetime. Iris funny as shit though mr programer.
blackascoal
The Force is With Me
Au contaire mon ami ..
This was being discussed, same subject, in another thread. Our friend Topper chose to run away from that thread, where his points were getting beaten the fuck up, to start this thread to scream that Venezuela ranks 62nd as if that itself is the point.
Now you want to invite me out of this thread so you and Top can continue to post bullshit unencumbered by facts, truth, and even common sense. Ain't happening sir. I guess you'll just have to run away and create another thread .. and wait until I show up.
I've already very clearly demonstrated that Venezuelans are faring better than many others throughout Latin America .. so much so that they can afford to express their good fortune through aid to others.
I've already clearly demonstrated that Venezuelans are faring much better than they have in the past .. and in fact, have made tremendous strides in the quality of life for the majority of their citizens. Which, in my opinion, is a far better guage of a nation than GDP
Unknown to both you and Top, your arguments are stupid .. not just misleading, downright stupid.
Here are some facts you don't know, haven't considered, haven't studied ...
Venezuela Real GDP
There are different ways to evaluate the growth performance of the Venezuelan economy during the Chávez years. One is to simply look at GDP growth since Chávez became president in the first quarter of 1999. The latest (seasonally-adjusted) data available are for the second quarter of 2008. On that basis, the economy has grown 47.4 percent, or 4.3 percent annually over 9.25 years. On a per capita basis, this is about 18.2 percent, or 1.9 percent annually. Although this is a vast improvement over the two decades of economic decline that preceded Chávez, it is modest growth, about the same as the regional average.
However, looking at the entire decade is misleading because the Chávez government did not control the state-owned oil company until the first quarter of 2003. So for the first four years, the state-owned oil company (PDVSA), which at the time accounted for more than half of government revenue and 80 percent of export earnings, was controlled by people who were hostile to the government. Furthermore, the managers of the company actually used their control over these vital resources to destabilize and even topple (temporarily) the government. Under these circumstances there was not much that the government could do to promote economic growth.
We could therefore measure growth from the time that the government got control over PDVSA, in the first quarter of 2003. This has the disadvantage that part of the growth since that time is a rebound from a deep recession. Nonetheless it is a better measure to evaluate the performance of the Chávez administration than is the whole ten year period. Also, it could be argued that this measure is relevant because even the early part of the recovery was a difficult achievement for the government. This was not a normal business cycle but a deep economic recession that involved considerable sabotage in the oil industry. When the strike ended, analysts quoted in the business press predicted a slow and painful recovery, with much difficulty restoring oil production. Looking at growth from the first quarter of 2003, real GDP grew by 94.7 percent over 5.25 years, or 13.5 percent annually. This is extremely rapid growth by any historical or international comparison. On a per capita basis, it was 78.8 percent, or 11.7 percent annually.
Finally, another way to measure growth that cancels out the effect of the rebound from the 2002-2003 oil strike is to start from the point where GDP reached is pre-recession peak. This would be the third quarter of 2004. On this basis, GDP grew 37.2 percent over 3.75 years, or 8.8 percent annually. On a per capita basis, this is 28.2 percent, or 6.9 percent annually. This is also very rapid growth by almost any international or historical comparison.
http://74.125.47.132/search?q=cache...ita+1998+venezuela&hl=en&ct=clnk&cd=7&gl=us#5
Your point is that you don't have one.
It never crossed your mind to look at historical comparisons, or by-region comparisons, or even to consider the will and desire of the Venezuelan people which they've clearly expressed with their VOTE for Chavez.
Are you starting to get a feel for why I like it when you and Top post on this subject? Both of you allow me to interject facts and data unknown to cloned people without me looking like I'm just showing off.
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