Sure, socialism has nothing to do with Venezuela’s problems. First of all, there is no socialism in Venezuela. There’s just Keynesian economics as the state imposes controls on a capitalist economy. Keynesianism works great everywhere.
The government hardly owns anything but the commanding heights anyway. The state controls oil, gas, minerals, electric grid, telecom, hydropower, and cement and steel manufacture. This is completely normal all over the world in many social democracies. Even in the US, the state owns some of these things. The state owning this stuff causes zero problems anywhere.
And the state controlled all of this under Chavez when the economy boomed. State control has actually gone down under Maduro, as he privatized a lot of stuff and did other rightwing things.
Compared to Chavez, Maduro has gone way to the right on economics. These guys like to play cause and effect. So I guess rightwing economics crashed the economy!
100% of the problems are due to sabotage by the capitalist sector which controls the entire productive economy. The Allende “make the economy scream” playbook has been followed almost to the letter along with the same insane propaganda blitz by the CIA that Allende was subjected to. This is just the Chilean Coup 2.0!
But the problems are all due to capitalist sabotage (mostly capital flight). The capital flight and coup attempts set in motion a chain of events that led to Keynesian economic controls like price and currency controls, which led to their own problems.
The currency controls created a currency black market, which is really the source of all the inflation. Maduro did not deal with this properly but his response was a fixed currency rate, neither right nor left economics. For instance, Ron Paul wants a fixed currency rate.
Price controls were evaded. State made up for the capitalists refusing to produce price controlled products by importing them. Oil prices crashed and they could not import stuff anymore, so shortages developed.
Obviously shortages are not possible in any capitalist economy, so all the shortages were artificially created by the capitalists, who stopped production, hoarded goods, diverted to the black market, and smuggled to Colombia to take advantage of inflation by creating more of it!
Most production and goods import goes straight to the black market or to Colombia which then causes shortages for some goods. The lines you see are for cheap state subsidized food. The shelves in most markets are full. Check the videos. No one is starving. Malnutrition is low.
The media is lying to you.
One thought on “Alt Left: The Cause of Venezuela’s Economic Crisis (Socialism Had Nothing to Do with It)”
The upper classes in Latin America are spoiled. That’s the real reason. The higher IQ has spoiled them. Since they have a high IQ – they love to “rub it in” to the lower classes. They love royal treatment.
Is it possible for gifted people to have a wrong attitude, fostered from being spoiled? Yes.
What if someone mentions they’re high-IQ brat/assholes? Well, they can just bring up the defense mechanism – of: “Those low IQ vermin are criminals/communists! They’re a threat! Haven’t you heard of eugenics?”.