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Old June 3rd, 2016, 06:02 PM   #1
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Venezuela Is Collapsing and the Left Is Afraid to Admit Why

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I feel sorry for the Venezuelan people, but I’m perversely glad that the country is collapsing.

That’s because it’s nice to have proof that Margaret Thatcher was right when she famously warned that the problem with socialism is that you eventually run out of other people’s money.

To be sure, we already had proof from Greece, France, the Soviet Union, Brazil, and many other places. But it’s still nice to have another piece of evidence that big government eventually produces very dire results.

I also confess that I’m enjoying Venezuela’s economic decay because I get a warm feeling of Schadenfreude when watching leftists try to explain what’s happening in that formerly rich nation.

Even the New York Times feels the need to report on the mayhem in Venezuela.

“The courts? Closed most days. The bureau to start a business? Same thing. The public defender’s office? That’s been converted into a food bank for government employees. Step by step, Venezuela has been shutting down. … Venezuela keeps drifting further into uncharted territory. … that is only the start of the country’s woes. Electricity and water are being rationed, and huge areas of the country have spent months with little of either. … the Mexican company that bottles Coke in the country, has even said it was halting production of sugary soft drinks because it was running out of sugar.”
And why is the economy in free fall? Is it possible that the left-wing policies the NYT wants for the United States are failing when tried elsewhere?

Not according to the story. It’s the fault of external forces. Or maybe even rich people.

“The growing economic crisis — fueled by low prices for oil, the country’s main export; a drought that has crippled Venezuela’s ability to generate hydroelectric power; and a long decline in manufacturing and agricultural production. … Venezuela’s government says the problems are the result of an ‘economic war’ being waged by elites who are hoarding supplies.”
Finally, in the 27th paragraph, there’s a mention that maybe, just maybe, some of the blame belongs to government.

“… most economists agree that Venezuela is suffering from years of economic mismanagement, including … price controls that led many businesses to stop making products.”
Hmmm…, I guess we can safely assume that “most economists” does not include Joseph Stiglitz.



Venezuela Is Collapsing and the Left Is Afraid to Admit Why
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Old June 3rd, 2016, 06:13 PM   #2
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I suspect that the reason that Venezuela has collapsed is due to mismanagement by the powers that be.
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Old June 3rd, 2016, 06:22 PM   #3
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Hahaha loved the Bern video. Good read!
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Old June 3rd, 2016, 06:23 PM   #4
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Explain why we should give a shit what happens to Venezuela.

Are they a great and important ally of the United States? NO, I think not.
Are we in great need of oil or other exports of theirs? NO, I think not.
Tell me, if Venezuela where to disappear from the earth tomorrow how badly would it impact the United States?

Reality is not the petty games played on this forum.
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Old June 3rd, 2016, 06:28 PM   #5
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Explain why we should give a shit what happens to Venezuela.

Are they a great and important ally of the United States? NO, I think not.
Are we in great need of oil or other exports of theirs? NO, I think not.
Tell me, if Venezuela where to disappear from the earth tomorrow how badly would it impact the United States?

Reality is not the petty games played on this forum.
Venezuela could very possibly be the canary in a coal mine.
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Old June 3rd, 2016, 06:43 PM   #6
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Venezuela could very possibly be the canary in a coal mine.
You going to attempt to answer my questions or what?
"Canary in a coal mine?" Who's "coal mine" and where?
What? It's warning we should not hire financial planners and economic advisors' from fucking Venezuela?
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Old June 3rd, 2016, 06:47 PM   #7
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You going to attempt to answer my questions or what?
"Canary in a coal mine?" Who's "coal mine" and where?
What? It's warning we should not hire financial planners and economic advisors' from fucking Venezuela?
State your question verbatim and I will use coherent language to answer. What is your question?
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Old May 19th, 2017, 03:26 AM   #8
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Norway
Netherlands
Finland
Sweden
Portugal
Cuba

This six is fine Socialism current news.

Maybe Macron chooses Socialism to France ??

Number seven of countries with this ideology ??
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