Galt's Gulch
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Analysts deem Venezuela's situation unsustainable

Posted by $ nickursis 7 years, 10 months ago to Economics
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Something to think about, where we could end up going, but for a few details. A country that promises everything almost invariably will fail, and fail to deliver, and encounter these results. You cannot win by giving away what you do not have. Looters: Take note.
SOURCE URL: http://www.cnbc.com/2016/06/22/analysts-deem-venezuelas-situation-unsustainable.html

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  • Posted by freedomforall 7 years, 10 months ago
    "Analysts deem Venezuela's situation unsustainable"
    You think?
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    • Posted by $ nickursis 7 years, 10 months ago
      I know..obvious. Believe it or not, there is a large group of people who actually do not know this is going on. I posted it as a good example of everything AR was postulating. It shows just how bad government, socialism and dictatorship can go to survive, and loot. SO, we need to watch out for when our gang of thieves start moving more that way.
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      • Posted by $ TomB666 7 years, 10 months ago
        I think they already have. Congress has already provided for its and other 'essential' government officials' safety in well-stocked shelters for when this balloon goes up. It pays to be one of the good-old-boys you know ;-)
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        • Posted by Dobrien 7 years, 10 months ago
          The statists know ,Absolutely stealing and looting to stock shelters and ensure their safety from chaos they created. I wouldn't spend ten seconds in the underground shelters with those fascists. My wish is for those lying bastards to try to live together while they stab each other in the back.
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      • Posted by $ jdg 7 years, 10 months ago
        I would guess maybe 20% of US people know about this, and they are mostly conservatives and libertarians. Because the socialist crowd could not possibly sustain their beliefs if they knew the real results of their ideas in places like Venezuela, Cuba, and North Korea.
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      • Posted by Dobrien 7 years, 10 months ago
        I would guess less than 10% of USA know about this, but 100% of the statists do.
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        • Posted by $ Olduglycarl 7 years, 10 months ago
          I wonder if the "statists" really do know...in my observation it seems they don't "know" anything!; except what they've made up in their heads.
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          • Posted by strugatsky 7 years, 10 months ago
            Don't know if anyone knows the distribution among them, but there are basically two types of socialists - the idiots that swallow whatever the Party tells them because they have been programmed that way (and the programming is easy - just feed them handouts until the Pavlov response sets in) and the truly evil ones that understand very well what evil they're creating and the stealing and looting that they do; they just don't care, as long as they're at the top of the food chain. Historically, those have been the high level communists, the commissars, the Nazis, the Alinsky's, the Hillary's and the Obama's. There is only one way to cleanse the world from that filth.
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  • Posted by term2 7 years, 10 months ago
    I agree. We should study Venezuela carefully so we can see the lengths statists go to in order to stay in power. Madura knows socialism only lasts until the other guys money runs out (in their case the oil revenue). He is just hoping upon hope that the oil spruce will spike before the country collapses
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    • Posted by $ nickursis 7 years, 10 months ago
      Even then, they have just a temporary respite. The system is just unsustainable, and people who practice it are almost consistently power hungry manipulators. Bernie seems to be the exception, but even he will fall to the temptation to make up for his own inadequacies by "making everyone happy". Go look at the 30's, there NEVER was a "chicken in every pot". Unless you stole it.
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      • Posted by term2 7 years, 10 months ago
        True enough. Sanders is happy so long as he has a supply of free money he can distribute. I never heard him talk about people working. It was always about cutting high wages and giving it to low wage earners. Venezuela is going to crash shortly unless oil prices get back to $100/barrel
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        • Posted by $ nickursis 7 years, 10 months ago
          Which illustrates the fatal flaw. Any economy built on one factor cannot afford to be socialist, for that reason, cyclical effects and movements. Saudi Arabia has the same issue, but is less socialist, they are more dictatorial and give you money and goodies, then kill you types.
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          • Posted by term2 7 years, 10 months ago
            Interesting points. If each member of a group produces "x" and consumes "x", there's no social"ism". There has to be either some members producing "x minus y" and others producing "x plus y" but all consuming "x". OR all members producing "x minus y" but everyone consuming at least "X" ( the y component coming from something like oil)

            Otherwise, what's the point of socialism? Wig you consume or save what you produce- it's capitalism
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            • Posted by $ MichaelAarethun 7 years, 10 months ago
              Not only that there is no wealth. Wealth is that income in excess of current need and leads to either capitalism or taxes. Current need is where the term money comes into play. For those not on a straight barter system or with enough wealth to invest for the future - weddings, births, college funds, retirements..

              Excess money or wealth minus taxes equals reality in a the socialist system of confiscation of labor.
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              • Posted by $ nickursis 7 years, 10 months ago
                Exactly. There is no way oil will save them. Period. Any other discussion is bable, because they do not have any excess preduction. In fact all production is to deman, and short of that, as there is no incentive to produce in such a system. Reason why Bernie and Hillary are all full of crap, their redistribution just kills all incentive ot produce and sell and reinvest. Try telling that to most people who will ask you to start over, the go glassy eyed on you...
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                • Posted by $ MichaelAarethun 7 years, 10 months ago
                  As it stands we are in zero need of foriegn oil. The SW Texas strikes put us in such good shape we started exporting oil again the first time in some decades as far as mainland oil is concerned. Let us see how that wealth is squandered for the next four to eight years for squander it the government will surely do.
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  • Posted by johnpe1 7 years, 10 months ago
    and folks poo-poo the socialist regime in venezuela,
    saying that it could never happen here, that Bernie's
    "democratic socialism" is different. . they are so wrong. -- j
    .
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  • Posted by dukem 7 years, 10 months ago
    I have been astounded at the lack of coverage in the media of this wholly preventable situation. One might almost think that the news is being deliberately suppressed, lest the few thinking people in this country draw some sort of conclusion from the happenings in Venezuela. Truly, it is a perfect example of where the progressive collectivists and other stupid fellow-travelers are heading, dragging the moronic public along with them.
    If one wrote a novel about this, no one would believe it.
    Oops! Sorry. Someone did, I believe.
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    • Posted by Dobrien 7 years, 10 months ago
      This is what the"media" does. They promote a leftist statist agenda. Reporting on the failure of that agenda in another country would be like educators teaching history as it really was.
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    • Posted by $ nickursis 7 years, 10 months ago
      Completely self inflicted, and any time someone said it was going to go bad, they get branded as "reactionary conservatives", or "right wing haters" or some other BS nonsense. If this situation does not convince the majority that the socialist road leads to slavery and servitude and hell on earth, then we need to big starship now.
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  • Posted by Dobrien 7 years, 10 months ago
    Chavez and the looters
    supported by Jimmy Carter .Pretend to do good while stealing and destroying another generation of victims in another country. This is the result. FOF
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  • Posted by Herb7734 7 years, 10 months ago
    A Scenario:
    Man dressed as a bum screams:"Socialism Works!!"
    Another man well dressed in suit & tie speaks softly: "Until the money runs out."
    Margaret Thatcher, former Lady PM of England was, in that short sentence, wiser than almost everyone in the benighted country of Venezuela. I don't know how many more examples of the failure of socialism that Socialists need to convince them that IT DOESN'T WORK! Good grief, do those people have mush for brains, or are they so lazy that the lure of free stuff over-rides all common sense? Lenin was right when he proposed communism to the masses and they went for it because when it comes to economics, apparently, most people are idiots.
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  • Posted by 23Skidoo 7 years, 10 months ago
    Wow, those analysts must have been taught at a top notch educational institution. I mean, what is obvious to any reasoning mind does not require an analyst to decipher.
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  • Posted by wmiranda 7 years, 10 months ago
    I think Bernie Sanders could take over Venezuela very easily. What do you think Bernie, do you feel the Bern? Go for it, you could be president of your own socialist country and deliver all the BS you promised us.
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