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Interesting how Venezuela is being touted by both capitalists and socialists as a prime example what's wrong with the other.
by ctdonath 9y ago
Interesting how Venezuela is being touted by both capitalists and socialists as a prime example what's wrong with the other.
- crdoconnor 9y agoWhereas it's more of a prime example of what's wrong with the resource curse.
- jeffdavis 9y agoDo other resource-cursed countries also manage the country so poorly? Usually they at least keep the golden goose alive. In Venezuela, the oil industry was badly damaged through mismanagement.
- crdoconnor 9y agoYes. Look at most of Africa, the middle East, Russia, etc. Norway is the only exception I'm aware of.
- talmand 9y agoHave there been socialists blaming capitalism? I've only seen socialists, who previously touted the shining beacon of socialism in Venezuela, now claiming it wasn't true socialism.
- jimmywanger 9y agoThe socialism playbook is to blame capitalism "foreign economic sanctions" and "economic warfare". It's what the Russian premieres did, what Castro did, what Chavez did, and what Maduro is doing. Also they claim that domestic capitalists are hoarding and causing the system to collapse.
- ctdonath 9y agoYes, I've chatted with several hardcore socialists who decry Venezuela failing because it is (they allege) a capitalist state.
- oreo81 9y agoHow does Venezuela at all represent capitalism? It's the latest example of what capitalism is not.