Venezuela news

[TheReal_ND]

He's still not wrong though

[Hanarchy Montanarchy]

So where are these examples of people starving in free market economies?

Stop it

Tell Hannah,

If you starve on your own merit in a free market... well at least some socialist monster didn't try to subsidize you.

The Venezuelan people aren't starving because they nationalized a natural resource and fed their populace. They are starving because the market for that resource destabilized.

[TheReal_ND]

Stop it

Tell Hannah,

If you starve on your own merit in a free market... well at least some socialist monster didn't try to subsidize you.

The Venezuelan people aren't starving because they nationalized a natural resource and fed their populace. They are starving because the market for that resource destabilized.

Well that is objectively wrong. I'm sorry but if you play sim city with the cheat code "oil money" on and still can't figure out how to run your society without a shit ton of graft and incompetence then guess what? You failed. As will every socialist society.

[heydaralon]

Maduro is going to be on Bernie Sanders Economy advisory team when he takes the White House in 2020.

[Speaker to Animals]

Stop it

Tell Hannah,

If you starve on your own merit in a free market... well at least some socialist monster didn't try to subsidize you.

The Venezuelan people aren't starving because they nationalized a natural resource and fed their populace. They are starving because the market for that resource destabilized.

Why are they the only ones then?

[TheReal_ND]

Free markets are a check and balance in their own right. Sure they get out of hand but in the end it's probably more equitable on the whole than letting some spic beaner run a command and control economy. White people are so far the only people that can manage democratic socialism and that's Iceland and that's not even real real socialism.

Your brown hordes that you love to suck off sure as fuck won't run a socialist country in any other direction except the ground.

Accept it. You know it's true.

[Hanarchy Montanarchy]

Tell Hannah,

The Venezuelan people aren't starving because they nationalized a natural resource and fed their populace. They are starving because the market for that resource destabilized.

Why are they the only ones then?

The question is why didn't the people of Saudi Arabia also start starving, which is another country that heavily subsidizes their population with almost exclusively oil money.

There are probably a lot of reasons... from scale to alliances, that would be instructive, and I would be very interested to hear about them from someone who knows more about it than me.

[TheReal_ND]

Because they are the ones pumping everyone else out of business jack wagon.

They are still losing money hand over fist but they have lots of it and can afford to drive the competition under. You're dumb dude.

[Hanarchy Montanarchy]

Tell Hannah,

The Venezuelan people aren't starving because they nationalized a natural resource and fed their populace. They are starving because the market for that resource destabilized.

Well that is objectively wrong. I'm sorry but if you play sim city with the cheat code "oil money" on and still can't figure out how to run your society without a shit ton of graft and incompetence then guess what? You failed. As will every socialist society.

Imagine what happens when you've been playing with the cheat codes, and then they take them away from you.

And graft an incompetence are not the special purview of socialists. They are very good at it though.

[Speaker to Animals]

I don't think free markets are the problem (or were the problem in the case of the Great Depression). The problem is that capitalism is not a stable economic system.

The next economic system that replaces capitalism and socialism will likely retain free markets, but the way we deal with compensation will be different, and likely we will have some kind of basic income.

The biggest flaw in capitalism is the instability, and a huge amount of our governmental effort goes into evening out the volatility in order to better stabilize national and global economies. Capitalism is a crude system. That's the irony of it. The old manorial system of the middle ages was more sophisticated and stable. It didn't result in huge surpluses either, but it was a bit more stable. It's big flaw was the Malthusian trap. It would produce enough for continued population growth until they hit a wall in terms of food production and then society would decline. This happened about every two to three centuries until we escaped the trap around the 1600s.

Of course, you can't use an agricultural economic model like manorialism in an industrialized society. Whatever comes next likely will have some of the built-in stabilizing factors of the older model combined with free markets. I suspect globalized food production will be a no-no.