Venezuela's inflation on track to top 1 million percent

Posted by Solver 6 years, 9 months ago to News
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As its people continue to go hungry, this part just says it all,
“Socialist President Nicolas Maduro often blames Venezuela's poor economy on an economic war that he says is being waged by the U.S. and Europe.”


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  • Posted by term2 6 years, 9 months ago in reply to this comment.
    Socialism goes great UNTIL the other guy's money runs out. In the case of Venezuela, when the oil money ran out, socialism died there.
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  • Posted by term2 6 years, 9 months ago in reply to this comment.
    Its the whole idea of socialism tht makes it unworkable. No matter how many ways its implemented, it cant't work because the basis of it is incompatible with human nature.
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  • Posted by term2 6 years, 9 months ago in reply to this comment.
    The appeal of socialism is emotional. The hope that it CAN work, if done right. Any failures are dismissed and not attributed to the idea of socialism, because that would kill their "hope" of being emotionally coddled by a government system.
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  • Posted by term2 6 years, 9 months ago
    I think that a requirement for running for any political office in the USA should be a stint of 6 months living in Venezuela.
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  • Posted by DrZarkov99 6 years, 9 months ago
    Hard to wage a war with no weapons. Chavez started this collapse when he kicked the American oil companies out to nationalize oil production. He believed that the money that went to the Americans for their work keeping Venezuelan production going was outright theft, and that keeping it in the country would enable prosperity for all of his people.

    Funny how socialists fail to recognize the connection between hard work, productivity, and fiscal health. When the oil facilities began to fall apart from lack of maintenance and people who knew how to keep things running, he kept blaming the no longer present Americans, and Maduro, who is possibly more ignorant than his predecessor, keeps banging the same drum. Socialists never accept blame for their own bad decisions.
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  • Posted by $ blarman 6 years, 9 months ago
    Ah, the good old blame game! It never gets tiring to a leftist - probably because its the only thing they have to fall back on.
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  • Posted by BCRinFremont 6 years, 9 months ago
    A humanitarian disaster is on the way. And our children are being fooled by Bernie and his ilk of nitwitacy into believing Socialism is workable. Damn them!!!
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  • Posted by DeangalvinFL 6 years, 9 months ago in reply to this comment.
    Yes.
    It is shocking that the vast history of failed attempts to implement a Chavez type dream are not taught.
    You don't even have to understand, just LOOK.
    "Oh, but that can't happen here." is the usual idiotic response.
    But why? Why do basically normal people just not want to know relevant historical experiences.
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  • Posted by ObjectiveAnalyst 6 years, 9 months ago
    Hello Solver,
    Predictable to those of us versed on socialism and the vast history of its attempts at implementation.
    Respectfully,
    OA
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  • Posted by DeangalvinFL 6 years, 9 months ago
    "But golly, that couldn't happen here."

    Just a few short years ago, Venezuela was a model growth nation. And nothing has changed except hmmmmm, I wonder what . . .

    Subsidies maybe, overtax the productive maybe, don't let prices adjust to reflect reality maybe, free health care maybe, everything the Bernie Sanders fans want and NEED maybe?
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  • Posted by freedomforall 6 years, 9 months ago
    " poor economy on an economic war that he says is being waged by the U.S. and Europe"

    Maduro's statement is only half crazy.
    I wish the US fedgov would stop the economic war that it is waging on Americans, not Venezuelans.
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