The Joys Of Socialism: Venezuelans Are Looting Corpses For Jewellery And Bones
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Economies are complex chaotic systems, and some people (Marx, Lenin, Stalin, Mao, Maduro, AOC, Bernie, various economists) think they understand them. They invariably push on the wrong nodes in the system.
Inflation is an exponential runaway thing like drug addiction, only worse. V is running a million per cent a year or something crazy like that. Good grief, you can only steal everything that the people have once.
-- John Larkin Highland Technology, Inc picosecond timing precision measurement jlarkin att highlandtechnology dott com http://www.highlandtechnology.com
Venezuela is a failed state. The administration that put the final nails in the coffin likes to call itself socialist.
ZeroHedge isn't dumb enough to believe this for a minute (though Cursitor Doom does seem to be that dumb) but it is happy to blame "socialism" for the consequences of a rather less idealistic series of actions.
-- Bill Sloman, Sydney
Actually they don't. Marx never ran an economic system. Lenin electrified R ussia, which wasn't actually pushing the wrong economic nodes, but rather t he right technological ones.
Stalin did a lot of stupid things, but Russia did win WW2, so he does seem to have pushed quite a few of the correct nodes.
Mao did even more stupid things, but probably didn't see himself as an econ omist. Maduro seems to have made the mess in Venezuela, but the situation h e inherited from Chavez was pretty hopeless, and there probably weren't any nodes left for him to push.
AOC and Bernie Sanders have never run an economy. You see their politics as left-wing, and therefore indistinguishable from Communism, which is the so rt of idiocy that krw goes in for.
If they ever do get elected they will probably press quite a few less of th e wrong nodes than Trump has.
the > people have once.
Inflation may steal whatever assets people had that were denominated in mon ey, but it doesn't deliver them to anybody else. It's rabid incompetence, a nd a device for flushing away previous commitments, but it doesn't make any body rich.
Failed states don't need much economic analysis. The people in charge of a failed state claim to be implementing all kinds of economic theories, socia lism included, but in reality they've wrecked the currency, and the place i s running on extortion and barter.
-- Bill Sloman, Sydney
Wouldn't load. Doesn't matter because I know what is going on. The People f eel damnear occupied.
With Chavez, oil exports were up and he didn't steal all that money, it was used for public works etc. It took a tax load off and provided them with a bit better infrastructure.
Then the oil companies come, they want to control the operation and sales a nd whatever else they can, and they get it by contract signed by the "leade r" of a country. What they do, which Chavez has seen before is that these o il companies slow down oil production and that is chiefly to keep their Sau di buddies happy.
Chavez would not cooperate dos o he got labelled a dictator and all kinds o f other shit yet the People of the country could still go in the street and meet him. I shit you not, look it up.
The US didn't like this disobedience so they sent the CIA which kidnapped C havez and installed a new "leader" who was immediately recognized by the US . Of course, who else chose him ?
Well the People of Venezuela went and found where the CIA was holding Chave z, freed him and put him back in his office, where he belonged and where th eir vote put him.
Later, at the next election the US put millions on millions of dollars to s upport his opponent. Funny how they wouldn't like it if anyone did it to us . But they lost anyway.
They lost until Chavez died, and now with noone to follow his footsteps on having a semi-socialist society that works, there are (were) food riots, po verty and strife, all after Chavez died.
You have been lied to and if you research it enough you will see that. I do not WANT you to take my word for it.
With exponentials, the exponent matters a lot.
You have to keep "normal" inflation separate from hyperinflation.
Hyperinflation is almost always caused by a failed state.
"Normal" inflation is just an error bar on money creation.
-- Les Cargill
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