Exposed: Venezuela’s Problem is Capitalism. WOW

[nostradumbass]

I read your entire post minus the Rachel Maddow and MSNBC line. I thought you were insinuating that Venezuelans won't riot over a corrupt government but would because of some Trump story

I'd imagine they're a little too busy cooking road kill and pets and trying not to starve or get murdered to riot over politics on a different continent

 

[TheTimeIsNotNow]

If you refer to the above links (both of which are BBC, hardly a leftist news outlet), we can see that the levels of production maintained by OPEC are entirely intentional. Oil prices are artificial, as OPEC countries over-produce. The rationale for such a move is, according to the BBC, the Gulf states’ attempt to keep their market-share.

 

[lecter]

The most obvious fact dispelling this is that the other left social-democratic economy: Bolivia. At the moment, Bolivia’s economy is thriving, due to a boom in the demand for minerals.

 

[Bloodworth]

Socialism, capitalism. Doesn't matter. You can give certain culures every opportunity in the world.
But some are just smarter and harder workers then others. And we see this through their civilization.

 

[lecter]

Socialism, capitalism. Doesn't matter. You can give certain culures every opportunity in the world.
But some are just smarter and harder workers then others. And we see this through their civilization.

There definitely is a correlation between choosing bad economic policies and poverty.
The problem here isn't that Venezuela isn't as productive as a second country with the exact same system.

 

[Fisticuffa]

Socialism, capitalism. Doesn't matter. You can give certain culures every opportunity in the world.
But some are just smarter and harder workers then others. And we see this through their civilization.

Yeah we all know North Korea is exactly the same as South and the reason PRC's economy took off is that today's Chinese suddenly work way harder than their Maoist ancestors a generation ago.

 

[Kalitaur]

How many fanny packs do you think that bitch put under her sweatpants? 3? 4? Or is her pelvis backwards?

I believe that's known, in the classier circles, as a "gunt".

 

[superpunch]

Is that even real? For a girl so skinny those are some HUGE boobs.

As for the American.. nothing disgusts me more than having a butt crack on the front side of your body.

 

[method115]

It's an interesting take and not at all revolutionary. As the BBC articles note and has been stated in the WR before - OPEC doesn't care about destroying the price of oil if it kills their competition in the long run. Wasn't this also part of their strategy for combating fracking and U.S. production? Make it oil so cheap that fracking lacked price competitiveness.

Just another point in the argument that we are past the point where economies can be thought of in terms of single countries or even allied economic blocs. The economy is global, it must be thought of as such.

Yea it's really fucking things up here in Houston. I've had a few family members lose their jobs and some are already moving to another state. I heard this guy on a podcast saying that a lot of companies are just holding their oil waiting for the price to go back up.

 

[Rational Poster]

No matter what people are saying, the economic crisis in Venezuela is clearly rooted in capitalism, not socialism. Anyone who wants to say that this crisis is strictly a result of the social-democratic policies of the Venezuelan government is manipulating the facts.

The most obvious fact dispelling this is that the other left social-democratic economy: Bolivia. At the moment, Bolivia’s economy is thriving, due to a boom in the demand for minerals.

Evo’s little secret

As the price of minerals has shot up, the price of oil has plummeted. Oil, of course, has been the primary mover in making the social programs in Venezuela possible. The collapse of oil prices was not because of Venezuela’s social system, but rather because of the world market and geopolitics.

The policy crystallizes when we take a look at the words of Ali al-Naimi, who was the Minister for Petroleum and Mineral Resources in Saudi Arabia: “As a policy for Opec – and I convinced Opec of this, even Mr al-Badri [Opec secretary general] is now convinced – it is not in the interest of Opec producers to cut their production, whatever the price is.”

If you refer to the above links (both of which are BBC, hardly a leftist news outlet), we can see that the levels of production maintained by OPEC are entirely intentional. Oil prices are artificial, as OPEC countries over-produce. The rationale for such a move is, according to the BBC, the Gulf states’ attempt to keep their market-share.

However, that article also clearly demonstrates who the losers are when over-production happens: Russia, Iran, and Venezuela are at the top of the list.

Where does that leave us? Is it reasonable to assume that the drop in oil prices is entirely manufactured in order to not only maintain Gulf states’ market-share but also to destabilize countries that don’t nicely fit into U.S. global hegemony?

We shouldn’t take the right-wing baiting that Hugo Chavez’s mistake was nationalizing industries – Chavez’s mistake was rather assuming that the global powers weren’t intent on destroying his gains.

Chavez’s mistake was that he didn’t completely do away with capitalism in Venezuela.

Since the beginning of the social programs instituted by the Bolivarian government under Chavez, the West sought to undermine ever step of progress – even to the point of attempting to overthrow him in 2002.

Remember that throughout all of this:

The U.$. doesn’t hate Venezuela for the bad things it has done, but for the good things it has done.

https://whitemansturban.wordpress.com/2017/04/25/venezuelas-problem-is-capitalism/

It's not really groundbreaking here.

We've know for a while now that Venezuela is turning into a failed state because they designed their economy on the foolish premise that the price of oil won't ever go down.

 

[hillelslovak87]

I believe that's known, in the classier circles, as a "gunt".

I thought it was a Grundel.....

 

[Vitor CroCop]

LOL.

Evo has the most punchable face in the world.

If you haven't seen the new pics of mini lic then you haven't seen THE most punchacle face in the world.

 

[Thunderflash500]

This is like saying Fascist ideology didn't destroy Germany it was bombs!

Well why were they bombed? Why did Venezuela base the entire economy on oil? Why is their market so fragile and massively affected by one single variable? Socialism and fascism both give too much power to individuals. These individuals given enough time will do something massively stupid.

 

[BJJ_Rage]

yeah, the country with the biggest oil reserve in the world is shithole, which has been run by a socialist president since 1997 but yeah its not their fault the country has gone to hell...

well you fucking idiot, of course it is. I live in southamerica and we dont have a god damn piece of oil to sell, we are not out there asking for toilet paper let me tell you that.

Instead of relying on just oil, instead of expending all the incomes in ridiculous social fare policies, the dude shoulve invest in areas to develop the countries income in other economic areas, Venezuela is a fucking natural paradaise,you really really have to big one big dumb fuck to drive the country to the state it is now.

 

[Rod1]

If you haven't seen the new pics of mini lic then you haven't seen THE most punchacle face in the world.

I remember his performance in the Batman Animated Series.

 

[Vitor CroCop]

I remember his performance in the Batman Animated Series.

I didn't tag you in my sinaloa cjng thread but you should read it. good shit.