4 ms·
Private consumption is only possible due to productivity gains due to capital investment. Venezuelans can't just vote to redistribute nonexistent wealth or decl
by tryptophan 6y ago
Private consumption is only possible due to productivity gains due to capital investment.
Venezuelans can't just vote to redistribute nonexistent wealth or declare food to be a human right and magically have sufficient food appear.
Food comes from capital investment in farms, factories, etc. That is real wealth.
>There are a couple of standard answers, including government consumption / public works projects, that can address this.
These answers don't work, and are great at destroying wealth.