>be Venezuela
>largest oil reserves in the world
>several globally-recognized tourist attractions
>optimal location for trade, near US and Panama Canal
>iron, aluminum resources
>labor force with relatively decent infrastructure
>go bankrupt
What is wrong with Venezuela?
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Not white enough, that is the only answer to all problems, clearly.
The eternal gringo
Is this a b8 question?
Obviously the answer is Socialism
en.wikipedia.org
They're whiter than México, that's for sure.
C O M U N I S M
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Never claimed otherwise
This is what happens when you have government making economic decisions, not the market.
>Be largest oil reserve in the world
>Be located in the backyard of the US
>Refuse to do as they say
>Get fucked over in every possible way
>Go bankrupt
>"Ge, I wonder why they're doing so bad"
How did the US make Venezuela not invest back in their other industries, and assuming that oil would always be expensive?
>en.wikipedia.org
>Most experts believe the resource curse is not universal or inevitable, but affects certain types of countries or regions under certain conditions.
Resource curse is an intensifier of your institutions. If you have good instutions (democracy, independent central bank, private property protection) you will be a first world country. If you have bad institutions (dictatorship, several factions fighthing each other, weak institutions in the legal sense, etc) you will be an african shithole.
>t. argentinian economist
So I guess that's why Norway pulled off petroleum funded social democracy whereas Venezeula did not?
really makes you think
delet
you know it, i know it, we all know it:
COMMUNISM
>So I guess that's why Norway pulled off petroleum funded social democracy whereas Venezeula did not?
yep
Nah regardless of form of government it still would have big issues
>socialism is everything the government does
It's a corrupt doc dem state. Workers don't control the means of production, and Venezuala fell for the Neo liberalism meme.
>a commie leaf
color me surprised
>It's state capitalism I swear
Kys Melbourne
>Venezuala fell for the Neo liberalism meme.
>there are people who unironically believe this
Look in to foreign policy towards latin America and it's influence by American companies
In Venezuela I think foreign corporations owned much of the land for while
It is though
...
Venezuela is a shithole regardless if it was socialist, left wing or democratic (like legit democratic)
We are socialists.
Hint it has to do with the human population and the political history of the place.
>Venezuala fell for the Neo liberalism meme
It's funny that leftism is based on literal untruths.
>Be Saudi Arabia
>Single industry economy threatened by American fracking
>Decide to increase oil production to drive American competition out of business
>Drive oil prices from $100/bbl to $30/bbl
>Crash Venezuela's economy in the process
pls elaborate on that and do go Sup Forums about it
>Argie economist
Almost no industry and total dependence on the oil prices.
>do go Sup Forums about it
No entiendo.
>pls elaborate
Do you really need me to explain why saying that the Veneuelan economy is neoliberal is a lie?
All the big companies are state-owned, including some which were nationalised under Chavez' "socialist revolution". They use expansive currency and price controls. It's the opposite of liberal.
And they fucked up their own economy as well
#JustSaudithings
In the end, it's all down to the morality of the people you live with. Decency builds strong countries and thievery doesn't. Individualism contributes to indecency. Nuclear families creates good neighborhoods, which creates good environments, and good cities, where people care for each other and take care of the little that they have. This in time creates a sense of pride and patriotism. And then the third generation fucks it up.
It's more then that. It's the political history of the nation, history of it's peoples, political climate of that period and other factors involved with it.
I was having a laugh. You are right tho
Like if you make big profits it's actually best to save them rather then just spend it all which Venezuela did several times in it's history.
Don't get me wrong sometimes you really need to spend money to develop things but there has to a be a limit to that. Of course there's the dilemma of a nation that NEEDS to spend money for development (like the DRC lol) and the need to save and the huge issue that comes with mass spending effecting the local economy.
communism
If you give Sahara to communists then a couple of years they'll have to buy sand for it.
Red plague
Ruled by corrupt Communists.
Venezuela always had issues with it's resources and oil. Chavez then Maduro was just another reiteration of it because in Venezuela mass spending was always used to garner support and popaulrity
The 1980's oil glut is one example of shit going whack.
lol JIDF scum is bashing el comandante chavez
They have lot of oil but is hard to get, all the economy is based in the oil but have to be expensive to give profit, and then fracking happening and USA drops the price. they also didn't use the 2000's money to atract investors and things like that
Commies doubled down after some right wing shitfucks thought they could coup their way out of things
Shitalian ancestry
Basically this
>central bank
>good
Governments have been overthrown around the world so bankers like the Rothschilds could plant their own privately owned central bank there and effectively have a controlling stake in the currency.
Venezuelan itself.
Fuck off you stupid little prosy faggot. Ten claps says you're a retarded burger who spends most of his time on Sup Forums.
>muh melbourne
piss off idiot
Your country fucking them up with paid coups and blaming the current government, it's a classic US strategy. Same thing you did with Allende, one day there was no more food and then the military coup happened and a lot of food misteriously appeared hours after.
This venezuela situation has happened several times before, the US has done it several times before to destabilize a nation but dumb retards won't bother to learn history.
Not only the US to be honest, it's a fucking old war strategy mainly used in sieges, in the end the people of the country turns against it's rulers and welcomes the enemy home.
Not that any shitposter here knows that of course since they're too busy spouting memes about
>capitalism xD
>socialism xD
>gommunism XDD
What's the US' hand in Venezuela's current situation?
Their human resource is not of the Dominican race??? How can you even run a country without us??
Based Saudis saving american environment.
>populist government spends all the oilbucks to appease the people, without making any attempts at diversifying the country's economy
>us and the saudis increase oil production and bring the prices down in an attempt to fuck russia over
>venezuela ends up getting fucked over ten times worse since all of a sudden their income dropped by 50% as exporting oil was literally everything they were doing
that's what happened