Venezuela was once twelve times richer than chinks. What happened?

Venezuela was once twelve times richer than chinks. What happened?

oil prices went down

That simply wasn't true on the long term. Oil prices had massive real gains in the last century.

why other countries were so fucking poor in 1950s?

Left-wing populism happened.

We were the only major industrialized country left producing after the war

>what was WW2

Communism

Brazil barely participated
Australia participated less than USA
Canada less than USA

Yet they weren't nearly as rich as the USA.

The only answer is that the USA is a god of a country

Resource curse

1999 Venezuela was a shithole. Not as bad as today, but still a shithole.

pic related

are founders were the descendents of jupiter

Participating means jackshit.The US industrial core was not carpet bombed

>The only answer is that the USA is a god of a country
Or that we had a larger industrial base than any of those countries and the government immediately converted it back to civilian production after the war was over

fuck off you massive retard

>Australia participated less than USA
>Canada less than USA
here's your answer

deaths as a percentage of population.
America had the only proper industry in tact and got handed the biggest economic boom in history and has been riding of that freebie ever since

heresy

So few people live in those countries that if one died it'd be .1%

>and has been riding of that freebie ever since
There's also us basically inheriting the British Empire's bases and control of the world's trade networks

>Australia participated less than USA
mate we literally were fighting for our lives with the japs running through Australian territory in New Guinea
just because we weren't in Europe doesn't mean we weren't fighting

USA defeated Japan by ourselves
Australia was the Poland of the Pacific front

...

well yeah no one's denying that, but Australia then was a fraction of the country that it is today. of course American troops were going to do the brunt of the work in the pacific.
to say Australia participated less than America is bullshit though, you need to view contributions in terms of what was capable of being contributed

Because carpetbombings, or communism, or both.

Check'd

Also you're right bre.

Socialism.

not as asimple as that
They didn't invest their oil gains, you know like Watar and Norway, they purchased a lot of shares in successful companies around the world so they depend less on oil
Also, the oil prices were lowered by the Bush and Rotchild families in order to collapse Venezuela due to its leftist anti-imperialism politics, they made Venezuela go to bankrupt so they can send democracy to south america.

having a war against a foreign aggressor and a civil war at the same time will do wonders to your economy

No investment on industries and relied too much in oil. High class owned or invested there, so they pressured governments to focus only in oil-extraction policies.

Other countries built massive oil-fields and Venezuela didn't do anything to be more competitive neither in oil industries nor other industries.

Normal Latin American country. Happened several times.

No, at all
We had that situation two times in Mexico in you know how fucked up it is right here

What explains peru, peru?

Leftists

Once again, socialism destroys another country

Yet capitalism has yet to harm even one

N*oliberalism

Capitalism is destroying two continents you fucker

>bunch of dudes get super rich with oil
>the rest of the population was still dirt-poor.
>hurr durr they were so rich when they was capitalist fuck socialism.
You know, i don't support their socialist government, but socialist thought definetly came from somewhere, as there was much unrest in the population.

Don't see everything in your stupid ideologies. The real world is far more complex than that.

le_reddit_helicopter_man.jpeg

Idiot

>tfw the average boomer received more priviledge and economic freedom than the most powerful kings, emperors, and sultans of history

The same, currently with copper hence gold and sliver are not worthy as before, but with a centralism problems. The capital is half of the economy but minerals are taken from Andean provinces. There used to be a social breakdown but now is just a major issue.

One dictator tried to industrialize the country but political factors and reluctant wealthy people made it fail.

And what happened to Argentina?

The italian genes kicked in.