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"based on a (let's be clear) distinctively populist/leftist economic theory that there is no such thing as inflation, but rather only predatory pricing." Can y
by krisdol 11y ago
"based on a (let's be clear) distinctively populist/leftist economic theory that there is no such thing as inflation, but rather only predatory pricing."
Can you source any of this without linking to an "Objectivism"-associated organization?
- rm_-rf_slash 11y agoI can, because it was explicitly detailed in the article this thread is based on. Did you read it?
- krisdol 11y agoNothing about that is inherently leftist or populist or leftist/populist
- rm_-rf_slash 11y agoThe poster you replied to originally made it quite clear that it was a distinctive branch of populism/leftism, not a part of any mainstream ideology. Besides, if you twist policies and ideologies enough, you can get anything to justify anything. You can find justifications for guaranteed income from socialist and libertarian perspectives, for example.
- krisdol 11y agoExactly, and that's why I asked for a source about the claim not believing in inflation was in any way a tenet of left-wing populism, or leftist ideologies in general. I shouldn't have mentioned Objectivism unless someone had cited a reason.com/cato/etc article. I'm not sure why you think I misunderstood the poster, because I don't disagree with you.
- rm_-rf_slash 11y agoAt this point, whether you see ignorant and destructive government policies being rooted in ideology or mismanagement is a matter of opinion.
- AnimalMuppet 11y agoWell, I'll give an opinion. Venezuela doesn't really believe that there is no such thing as inflation as a fundamental position. It fundamentally believes that all assets that aren't going to help the poor should be confiscated and used to help the poor, or something like that. When that delivers disaster instead of utopia, the disaster must be the fault of evil people, because the fundamental position can't be wrong. So they wind up at the position that there's predatory pricing rather than inflation, because it must be the fault of greedy people rather than the fault of a bad theoretical foundation. I'd classify that as "rooted in ideology", but I'll also agree to a large side dish of "mismanagement".
- rm_-rf_slash 11y agoThat was probably the best way of framing Venezuela's situation.