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Maybe I didn't express myself clearly. I am not against populist programs to aid humans in deplorable life conditions. But these have to be sustainable, and in
by htaunay 10y ago
Maybe I didn't express myself clearly. I am not against populist programs to aid humans in deplorable life conditions. But these have to be sustainable, and in 3rd world South American countries, this probably and unfortunately involves not being able to help everyone on the short term. Otherwise, you end up inflating government spending leaving little space for maneuvering when facing an economical crisis.
My point originally was intended at NOT blaming communism, or capitalism as well. IMHO this seems more like a problem involving a government spending all of it's USD100-a-barrel income like a lottery winner, and when the prices fall to less than half of that (which by the way, most countries would welcome happily the amount of petro Venezuela has even at USD40 a barrel) and no other significant investments were made in alternative sources of revenue, they act as if it was solely a natural disaster and absolve themselves of all responsibility.
- willholloway 10y agoI didn't express myself clearly, running on very low sleep, I was trying to agree with you and elaborate on your point, except for the one statement about the low ROI of the programs.