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I'm sorry, but that's not at all accurate. If you think the middle class in Colombia and Brazil are dealing with anything remotely like this, you are nuts. Co

by JPKab 10y ago

I'm sorry, but that's not at all accurate. If you think the middle class in Colombia and Brazil are dealing with anything remotely like this, you are nuts. Corruption is a parasite which adds costs to every resource flow it can find, but this is a wholly different scenario of resources being too scarce due to systemic degradation due to central planning misallocation combined with the drop in oil prices that had sustained it.

huherto 10y ago
> central planning misallocation Having somebody in charge of the economy that does not understand that he doesn't understand how the economy works.
- elcct 10y ago
  Socialists don't understand economy so there you go
  - huherto 10y ago
    You can't generalize. Certainly Hugo Chavez didn't. Since Venezuela was a democracy you could also argue that democracies wreak havoc in the economy.
    - elcct 10y ago
      I am not generalising. But whilst you are at it pin water to it as socialists drink water as well.
vkou 10y ago
I'll give you middle class, but what does the lower class (Which is far larger then the middle class) in Colombia and Brazil end up dealing with?