How Socialism Wiped Out Venezuela's Spectacular Oil Wealth

[Jinentonix]

It's not the system, it's the human variable, Communism looks great on paper. In practice however it has sucked big fat hairy ones for the people stuck living under it. Full-on socialism looks great on paper, but only if your math skills suck big fat hairy ones. Every socialist state has failed, whereas capitalism has lifted more people out of poverty than any other system. When India went socialist after gaining independence they did okay for a while until the bottom started to fall out. The switch to a capitalist system lifted around 50% of the population into the middle class. The single biggest migration to the middle class in history until possibly China. And even then that rise of the middle class didn't really happen until China opened itself up and accepted elements of capitalism.

And then there are cases where it's just gangsters like Chavez, Stalin, Hitler et al who end up f*cking everything up regardless of their supposed ideology. If anything, I'd say Chavez was maybe more of a nationalist than a socialist. Regardless he was still shit.

 

[Dixie Cup]

Well Nick, if you insist that "greed" was the result of the happenings in Venezuela, than "greed" is the main feature of Socialism as socialism is only good if you are the "dictator/actors" in charge. The Leader(s) & their "friends" can then be the greedy elite that prospers under socialism while the rest of the population starves. So to me, there's no difference - socialism/greed one and the same. It only benefits a few.

Socialism is and has never been the answer - only capitalism has brought wealth to countries & enabled the poor to better their lives as has been done here & in other Western countries.

 

[taxslave]

Pissed it away replacing people who actually knew what they doing with a collection of buddies who didn't have clue one. The oil industry went into the tank and that was the basket that held all of Venezuela's eggs. This wasn't socialism, it was a crook wearing a socialist mask to cover personal greed and ambition.

Just like all good socialists do. A socialist is just a communist in an Armani suit.

 

[taxslave]

Start with some basics. And an open mind. An informed opinion beats out an uninformed opinion hands down.

The whole idea that Venezuela's problems are an example of failed socialism is just so much right wing rhetoric, taking that position is putting your lack of political knowledge on display for the world.

Apparently you have been reading the wrong books. Try some with facts.

 

[Twin_Moose]

Focus Moosie, focus. We're talking about Venezuela.

Lesson from history, Utopia same as Russia same promises same results

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