Economics Thread

sturg33 said:
Free trade is best trade.

Freedom is awesome if we allow it
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generally but there are exceptions

requiring vaccinations for kids to attend public schools infringes on their and their parents' freedom, but I think is good policy
 
sturg33 said:
[Tw]1134573960325148673[/tw]
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That’s an interesting portrayal. As I’ve previously noted, Venezuela had 100% inflation in 1996 and a 66% poverty rate, a rise of 30% over the last decade. This timeline is misleading, to say the least. It also neglects to mention the US-backed coup d’etat in 2002. Venezuela is worse off now, by a long shot, but portraying it as a paradise in the 90s is just historically inaccurate.
 
sturg33 said:
[Tw]1134573960325148673[/tw]
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1974 Socialist Carlos Andrés Pérez elected President of Venezuela.

1984 Socialist Jaime Lusinchi elected President of Venezuela.

1989 Socialist Carlos Andrés Pérez elected President of Venezuela for a second time.

1992 Venezuela becomes 3rd richest country in Latin America

hard to believe

does not compute...does not compute...does not compute...crash...
 
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That's true the graphic doesn't cover every event that ever happened in the country's history.

As I was reading it though it seemed more like 2020 Democratic platform (free healthcare, free higher ed, no guns, income inequality).
 
sturg33 said:
That's true the graphic doesn't cover every event that ever happened in the country's history.

As I was reading it though it seemed more like 2020 Democratic platform (free healthcare, free higher ed, no guns, income inequality).
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Yeah, just a few minor irrelevant details such as the period of rule by socialist presidents from 1974 to 1992. Such details are truly irrelevant to any point that any poster has been trying to make around here that Venezuela was an economic powerhouse until the socialists ruined it.
 
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nsacpi said:
Yeah, just a few minor irrelevant details such as the period of rule by socialist presidents. Such details are truly irrelevant to any point that any poster has been trying to make around here. That I can think of anyhow.
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I think the new constitution in 2000 is the relevant part, don't you?
 
sturg33 said:
I think the new constitution in 2000 is the relevant part, don't you?
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well...I don't want to go through all the posting history, but I have a foggy recollection that a certain poster (or two) has been using Venezuela as an example of a country ruined by socialism...I don't recall the argument being advanced that Venezuela was ruined by the 2000 constitution...I may have missed that

seriously i'm not a fan of socialism (although I think anyone with any sort of capacity for nuance would acknowledge that just about any modern economy is a mix of market and government control and regulation)...but i'm even less of a fan of the tendentious style of argumentation that is your calling card

btw Acción Democrática, the party that ran Venezuela all those years is a member of the Socialist International, just in case there are any doubts.
 
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Amazon, and large corporations like them, are anticapitalistic.
 
This is the probably the right place to post this... click to reasd the whole thread

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Jeff Tiedrich
‏ @itsJeffTiedrich
17h17 hours ago

America 2019, where "child lunch debt" is a real thing and fully-employed
workers live in their cars and dying cancer patients beg on the internet
for strangers to pay for their medication so yeah, I'd say that
late-stage capitalism is working out just aces for everyone
 
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