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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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Originally Posted by Hollywood View Post
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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Originally Posted by Twisted Sister View Post
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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Old February 26th, 2018, 01:10 PM   #9
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No, actually it is the right that is afraid to admit why.

https://www.youtube.com/watch?v=9uha4yezakw
In 1922 a huge oil deposit was discovered. When drilled the oil shot 120 feet into the air. It took 9 days to contain it. Exxon and Conoco rushed in to get into the action. By 1928 Venezuela was the largest exporter of oil in the world. This is seen by the U.S. and other capitalist countries as a threat. So they attacked.


https://youtu.be/puKZepPEohU
One year ago the IMF said Venezuela’s growth rate was -8%, the inflation rate was 482%, and the unemployment rate was 17% and climbing.

Mark Weisbrot of the Center for Economic and Policy Research, who had just returned from a trip to Venezuela, says those INF numbers are projections that turned out to be very wrong. Actual inflation was extremely high but the 482% projected was way off. It was actually 182%. The point being that the IMF numbers are not even close and so not reliable. Last year the IMF projected the economy for last year would shrink by 10% but it shrank by 5.7%. And the U.S. media further exaggerates the numbers because it’s “socialism”. They even were viciously critical of the economy when it was booming from 2003 to 2008.

Weisbrot said the U.S. has been working to topple the Venezuelan government for many years and as an example in March of 2016 Obama announced sanctions againt Venezuela, saying that they presented “an unusual and extraordinary threat to the national security of the U.S.” The corporate U.S. media didn’t bother to ask how that could be so Obama never had to explain that bit of contrived thinking. But it succeeded in persuading banks to refuse to extend further loans to Venezuela.


https://www.youtube.com/watch?v=lp4Q9KI_kjU
Weisbrot cites increased Trump sanctions that threaten to destroy Venezuela’s oil industry and the economy with it. Even the Venezuelan opposition is against the sanctions. So the threat to their economy is coming from the U.S., not Venezuela or “socialism”.


https://www.youtube.com/watch?v=v9AcrvknLEU <– RT Russian TV
Opposition in Venezuela has always been supported by US A.I.D. and The National Endowment for Democracy with milions and millions of taxpayer dollars.
Obama allocated $5.5 million to fund opposition.


https://www.youtube.com/watch?v=8BXcD-9Fkvg
American lawyer, Eva Golinger, spent 3 years studying our role in the development of the Venezuelan crisis. She used the FOIA to access government data. The documents she obtained showed that the U.S. government knew all about the 2002 coup that was to occur against Chavez two days before it happened. The documents showed that the CIA identified Chavez and 10 others to be arrested. A document said “to provoke military action, the plotters may try to exploit unrest stemming from opposition demonstrations slated for later this month”.

Two hours before protesters were shot by rooftop snipers, an army officer representing military forces that overthrew Chavez recorded a statement for release in which he said that Chavez had snipers kill 6 people. Chavez was captured and a corporate giant, Pedro Carmona was installed as President. Dispite knowing what would happen beforehand and even making recommendations on whom to arrest including Chavez, Ari Fleischer said in a quick press conference “we know that the action encouraged by the Chavez government provoked this crisis. The results of these events are now that President Chavez has resigned the presidency.” The public announcement of this false information was part of the U.S. government’s role in the coup. Tens of thousands of Venezuelans took to the streets to demand Chavez’s safe return and soldiers still loyal to Chavez retook the palace and the coup crumbled within 48 hours.

Eva’s investigation uncovered a money trail from Washington to key organizations and individuals involved in the coup. She found that in the months before the coup, Washington had given millions of dollars to Chavezes opponents.

The U.S. claims they want “democracy” in Venezuela, but while Chavez was in jail, Carmona was busy dissolving the parliament and the courts leaving him free to rule by decree. Just 5 months before, Carmona had visited Washington as a guest of the State Department. A cable from the U.S. Embassy in Caracas referred to Carmona and his collegues as “influential business leaders who have consistently played a critical role in advancing U.S. commercial interests in Venezuela.” Another one said Carmona was “the right man at the right time” for Venezuela.

After Chavez was returned to power, the State Department sent instructions to the U.S. Embassy in Venezuela, saying “if asked ‘was the United States involved in the attempt to remove Chavez from power?” the answer was to be “absolutely not”.

Golinger’s research also uncovered documentation showing that Washington also backed disgruntled elements within the Venezuelan Armed Forces.

Also see For a democratic, revolutionary and socialist solution to the Venezuelan crisis | Links International Journal of Socialist Renewal



https://www.youtube.com/watch?v=699x0CpKJMY

Most Americans don't realize the intensity of the propaganda that we are fed, let alone that of Venezuela.
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Old February 26th, 2018, 01:13 PM   #10
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Originally Posted by Twisted Sister View Post
I suspect that the reason that Venezuela has collapsed is due to mismanagement by the powers that be.
Kind'a like California.
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