7 ms·

Make a list of such countries, why don't you. And please restrict yourself to cases where the hyperinflation started after the regime in question took over. Ch

by Arnt 8y ago

Make a list of such countries, why don't you. And please restrict yourself to cases where the hyperinflation started after the regime in question took over. China's hyperinflation happened about a thousand years before Communist Party too over, the Soviet Union's started during the civil war and ended soon after the Communists won (1923-1924).

bufferoverflow 8y ago
LOL. I grew up in USSR, and you are 100% wrong. Since 1922 ruble lost its denomination 6 times. The total loss of valuation is 1 to 5 quadrillion. That's not even counting the inflation since 1998, which is is another 1:5 loss, though that's not due to socialism. https://ru.wikipedia.org/wiki/Деноминация_(экономика)#В_СССР_и_России https://ru.wikipedia.org/wiki/Деноминация_(экономика)#В_СССР... (EDIT: fixed the typo 1992 -> 1922)
- Arnt 8y ago
  What was the inflation rate from 192x to 1989? I mean, the inflation was terrible from 1917 to 1924. Clear hyperinflation. But it's not fair to blame the communists for that. Starting around 1922 it's fair to blame them for much of it, because by that time the Communists were in almost full control. But that's roughly when the hyperinflation ended.
  - deleted 8y ago
    [deleted]
tomp 8y ago
Before collapsing, Yugoslavia has a huge inflation.
- Arnt 8y ago
  Yes. It's listed as one of the 15 examples in Wikipedia, actually. Bufferoverflow appears to think that most/all leftist regimes led to hyperinflatiuon, a viewpoint which is not well backed by Wikipedia's list.
  - bufferoverflow 8y ago
    You hear what you want to hear. I never said "leftist". I said socialism-communism-attempting. Denmark/Norway/Sweden are leftist, but not socialist, for example, they are all capitalist countries with decent social safety nets built in. If you look at the list of countries that tried to build socialism/communism, most of them went through hyperinflation, and all (as far as I know) destroyed their economy. With the exception of China, which isn't 100% socialist yet (as in, the means of production 100% controlled by the government). No country ever achieved communism. Btw, Cuba is slowly starting to move away from socialism: https://www.nytimes.com/2018/07/22/world/americas/cuba-constitution.html https://www.nytimes.com/2018/07/22/world/americas/cuba-const...
    - Arnt 8y ago
      I interpreted that as socialist, communist or attempting something like that. And because of the fuzziness I asked you for a list.

by Arnt 8y ago

bufferoverflow 8y ago

LOL. I grew up in USSR, and you are 100% wrong. Since 1922 ruble lost its denomination 6 times. The total loss of valuation is 1 to 5 quadrillion. That's not even counting the inflation since 1998, which is is another 1:5 loss, though that's not due to socialism. https://ru.wikipedia.org/wiki/Деноминация_(экономика)#В_СССР_и_России https://ru.wikipedia.org/wiki/Деноминация_(экономика)#В_СССР... (EDIT: fixed the typo 1992 -> 1922)

Arnt 8y ago
What was the inflation rate from 192x to 1989? I mean, the inflation was terrible from 1917 to 1924. Clear hyperinflation. But it's not fair to blame the communists for that. Starting around 1922 it's fair to blame them for much of it, because by that time the Communists were in almost full control. But that's roughly when the hyperinflation ended.
- deleted 8y ago
  [deleted]

tomp 8y ago

Before collapsing, Yugoslavia has a huge inflation.

Arnt 8y ago
Yes. It's listed as one of the 15 examples in Wikipedia, actually. Bufferoverflow appears to think that most/all leftist regimes led to hyperinflatiuon, a viewpoint which is not well backed by Wikipedia's list.
- bufferoverflow 8y ago
  You hear what you want to hear. I never said "leftist". I said socialism-communism-attempting. Denmark/Norway/Sweden are leftist, but not socialist, for example, they are all capitalist countries with decent social safety nets built in. If you look at the list of countries that tried to build socialism/communism, most of them went through hyperinflation, and all (as far as I know) destroyed their economy. With the exception of China, which isn't 100% socialist yet (as in, the means of production 100% controlled by the government). No country ever achieved communism. Btw, Cuba is slowly starting to move away from socialism: https://www.nytimes.com/2018/07/22/world/americas/cuba-constitution.html https://www.nytimes.com/2018/07/22/world/americas/cuba-const...
  - Arnt 8y ago
    I interpreted that as socialist, communist or attempting something like that. And because of the fuzziness I asked you for a list.