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Socialism: The View from Venezuela

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  • #1
    How does Venezuela compare to Colombia, Bolivia, Guyana, Ecuador, and Peru? Is it doing better or worse than similarly situated countries?

    That's the best analysis you can do to determine what effect socialism has had there, and even then there is the abberation that Venezuela has oil and those other countries don't.

    Pete (will try to crunch some numbers later but is way too busy at work)

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    • #2
      What Caused Venezuela’s Tragic Collapse? Socialism.

      The government blames slumping oil prices for the desperate situation. The real cause is the socialist economy. The government sets the price of staples such as rice, pasta, and flour, resulting in chronic shortages. Former President Hugo Chavez nationalized industries, confiscated property, and kicked out foreign companies. The government is trying to print its way out of the crisis, resulting in a 700 percent annual inflation rate. After a sham election, President Nicolas Maduro, the handpicked successor of Hugo Chavez, is rounding up his opponents and putting them in jail.
      http://reason.com/reasontv/2017/08/1...ragic-collapse

      I'm for defending all rights for everyone.

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      • #3
        It doesn't work. It's never worked. It never will. But people will keep trying.

        Pete (thinks hope springs eternal)

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        • #4
          Originally posted by Plezercruz View Post
          How does Venezuela compare to Colombia, Bolivia, Guyana, Ecuador, and Peru? Is it doing better or worse than similarly situated countries?

          That's the best analysis you can do to determine what effect socialism has had there, and even then there is the abberation that Venezuela has oil and those other countries don't.

          Pete (will try to crunch some numbers later but is way too busy at work)
          Did you ever get the chance to compare Venezuela to its neighboring countries?
          One of the great mistakes is to judge policies and programs by their intentions rather than their results.

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          • #5
            I'm for defending all rights for everyone.

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            • #6
              If Venezuela is a valid exemplar of socialism, what invalidates Somalia as an example of libertarianism?
              They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
              -Mr. Raceboy

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              • #7
                Originally posted by Jester View Post
                If Venezuela is a valid exemplar of socialism, what invalidates Somalia as an example of libertarianism?
                Somalia is literally what happens next for Venezuela.

                Steve (notes for the record Somalia is a collapsed socialist state)
                "Democracy is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken

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                • #8
                  Say what you will about socialism, it always follows a predictable pattern. In an attempt to make something available to everyone, the socialists ensure that it is not available to anyone (except for the politically well-connected). As a child growing up behind the Iron Curtain, I recall constant shortages of basic foodstuffs. The price of meat, for instance, was kept artificially low due to political considerations. Low prices created an impression of affordability. On their trips abroad, communists would often boast that workers in the Soviet empire could buy and produce more meat than their Western counterparts. In reality, shops were often empty.
                  http://reason.com/archives/2017/09/1...lead-to-predic

                  Can rabbit meat save Venezuela from going hungry?

                  I'm for defending all rights for everyone.

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                  • #9
                    Milton Friedman once joked that if you put the government in charge of the Sahara Desert in five years there would be a shortage of sand. He could have been talking about Venezuela and its oil wealth. But it is no joke.

                    On Monday Caracas missed interest payments due on two government bonds and one bond issued by the state-owned oil monopoly known by its Spanish initials PdVSA. Venezuela owed creditors $280 million, which it couldn’t manage even after a 30-day grace period.
                    https://www.wsj.com/articles/venezue...ust-1510703305
                    I'm for defending all rights for everyone.

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                    • #10
                      Food riots grip western Venezuela, mob reportedly slaughters cattle in field

                      You can't get $1 out of the bank in Venezuela

                      I'm for defending all rights for everyone.

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                      • #11
                        I don’t remember Venezuela being mentioned in my reading of the banana wars. Did we spread our “capitalism” there like we did Guatamala, Cuba, Mexico, Haiti, Hawaii, etc?

                        I bet if one were to study today’s third world shitholes, most all of them have suffered from colonialism. Why would they adopt a form of government that exploited them for so long?

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                        • #12
                          I bet if one were to study today’s third world shitholes, most all of them have suffered from colonialism. Why would they adopt a form of government that exploited them for so long?
                          They did; colonialism by definition is autocracy of one form or another, and that's what banana republics have emulated. The only difference is what flavor of "special" people have all the real power.
                          "Whenever you find yourself on the side of the majority, it is time to pause and reflect." –Mark Twain

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                          • #13
                            Originally posted by Jared View Post
                            They did; colonialism by definition is autocracy of one form or another, and that's what banana republics have emulated. The only difference is what flavor of "special" people have all the real power.
                            So why would they want a capitalist economy after they saw what ours did to them?

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                            • #14
                              Because capitalism (people exchanging goods and services) is the only successful method of not having everybody in the world be subsistence farmers or hunter/gatherers?

                              Don't confuse politics with economics.
                              "Whenever you find yourself on the side of the majority, it is time to pause and reflect." –Mark Twain

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                              • #15
                                Originally posted by electrician1976 View Post
                                So why would they want a capitalist economy after they saw what ours did to them?
                                What you're witnessing now is the normal end process of socialism.

                                As for Venezuela history:



                                Last edited by Just Jon; 01-18-2018, 08:37 AM.
                                I'm for defending all rights for everyone.

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