Perez, Caldera, Chávez, And Maduro: Who Brought Venezuela To The Brink Of Collapse?

submitted by fred_red_beans from forbes.com

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newinsightfulfun

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

can't have socialism in one country because the CIA continuously sabotages and coups them. Need perpetual world revolution.

[–]fred_red_beans[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yea, is it that socialism falls on itself, or that foreign interventions cause collapse? Combination of both? Dominate global capitalism forces non-cooperation with socialist countries?

One thing is for sure is that the dominate capitalistic hegemony tends to take over resources by issuing things like IMF loans and takeover of infrastructure and resources of other countries.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

second one. capitalism would fail too if constantly sabotaged but of course the international bankers have no reason to do that

[–]fred_red_beans[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Forbes article

To be fair, the collapse in oil prices had a devastating effect on every major oil producing nation. But they were amplified in the case of Venezuela, according to Zitelmann.

“While this would have caused a predicament for any oil-producing nation, these problems were amplified in a country with an extremely inefficient socialist economy and strict price controls,” he notes. “The fatal effects of Chávez’s socialist policies became obvious once and for all and the entire system fell apart. As had become evident in other countries, it was apparent that, far from being an efficient means to fight inflation, price controls only make things worse.”