God bless Citgo
9/2/2017 2:42:42 PM
^^I think its a stretch for you to call Chavez Jesus Christ. His legacy is definitely in the image of christ, but he also did some violent things so I'd hold off on that.
9/3/2017 1:04:40 PM
9/3/2017 11:12:35 PM
This, of course, is the main cause of Venezuela's problems. Chavez and Maduro destroyed the non-oil economy. They can't blame anyone else for that. That was all them. When they did it, people didn't mind so much, because the oil price went up, driving up the oil export revenue enough to more than cover the collapse in non-oil exports. Of course, it did that even while oil production and thus oil exports were also falling due to mismanagement.
9/9/2017 9:59:36 AM
Please tell me how and why you think they destroyed all of the other industries.
9/9/2017 12:51:58 PM
Food industries were destroyed by price controls. The other industries were destroyed by currency mismanagement (inflation, currency controls, capital controls, etc), high taxes, perverse labor regulations. That is the how. The why is easy too: for political expediency. Configuring systems so political supporters profit and everyone else is ruined will tend to boost the financial resources of supporters. Currency controls allowed the politically connected to buy currency at the official rates and sell it at the black market rate, for example. There is also a touch of ideology to the "why". Giving millions of dollars in price supports for the poor requires money from somewhere.
9/9/2017 11:37:29 PM
Where did you get that information? Sounds like the typical nonsense being spouted by capitalists.
9/10/2017 1:53:54 PM
Fascinating theory. But it doesn't really pass muster with me. It just isn't plausible to me that 100% of the capital owners in Venezuela were willing to bankrupt themselves just to make Chavez look bad. After-all, even if just one business acted rationally and perused profit above all else, as their "competitors" withdraw from the market and destroy their own capital, that one business will reap massive profits as consumer prices skyrocket from the shortage and input prices plummet, capital prices plummet, labor prices plummet, and real-estate prices plummet. Those massive profits can easily fuel a massive surge of investment to dramatically increase output, quickly replacing all the production lost when their anti-Chavez "competitors" quit.
9/11/2017 9:07:10 PM
That might be true if Venezuela was an island or completely shut off but these companies have shifted their business elsewhere, largely to Colombia.
9/21/2017 3:24:45 PM
^ I don't see how. Due to capital controls, the money would have to be smuggled out to Columbia. Not to mention the land labor and capital would have to have been smuggled out as well. Best I can tell, it seems the machines and robots from the Ford car factory at least were just abandoned to rot in Venezuela. I suspect the same was true for most Venezuelan industries that have collapsed over the past decade. But, again, nothing stopping the one profit seeking capitalist from buying the now idle land/labor/capital needed to restore full production in whatever industry Venezuela needs restarted...But, they don't, therefore I conclude they cannot, due to the obviously perverse and destructive government policies in terms of currency management, capital controls, labor regulations, business environment, basic law enforcement, pretty much everything a firm needs to produce at all.
9/21/2017 4:55:28 PM
^Refusing to and not being able to are two different things. Its more profitable to "strike" and wait for the government to collapse so you can make a higher profit margin later.https://www.cnn.com/2018/04/24/opinions/venezuela-maduro-regime-needs-regional-solution-rubio-opinion/index.htmlRegime change comin up
4/25/2018 12:32:29 AM
It is a collective action problem. If we assume that capitalist going on strike would result in regime change, something I certainly do not accept as remotely true, then what we have is a standard textbook case of a collective action problem. Even if you decide to go on strike, you have no way to force me to go on strike too, short of violence. And, in fact, if we assume the regime itself is not destroying the economy by itself, something I certainly do not accept as remotely true, then by your competitors refusing to operate means that now is absolutely the most profitable time to operate there will ever be. You can have the best and brightest workers for minimum wage. The best equipment for basically free. And all the capital you can borrow for next to nothing. And you get to sell the produced goods into a captive market where you enjoy a veritable monopoly for anything you choose to make. And for what? The hope of one day years later where you may enjoy regime change and be forced to compete against a flood of like minded capitalists for land/labor/and capital in a highly competitive environment where profits will be elusive at best. As such, to suggest that the capitalists of Venezuela are collectively "on strike" is to suggest that 100% of them all hate the regime enough to sacrifice a fortune in profits right now in the lofty hope of one day securing maybe no profits at all. And since anyone with a bank loan can be a capitalist, that means 100% of the regimes supporters are also on strike. It is simply not credible to believe this. Collective action problems are a rule unto themselves. If your belief of how things work requires voluntarily solving a collective action problem, then your beliefs are not credible. Meanwhile, we with a modicum of economic understanding have the whole of human history to tell us what the result would be given the policies we know for a fact the regime is imposing: capitalists doing their best to make a profit right now instead loosing their shirts, collapsing output, widespread shortages and unemployment. No magical "strikes" required. Loving the regime and its policies is not going to allow price controls coupled with rampant inflation to not bankrupt your business.
4/29/2018 9:19:45 AM
CIA doing its thing in Venezuela:https://apnews.com/7d3d2ed7d5ae45dcad96baf0286cbfa6
1/23/2019 1:38:01 PM
^ Odd, the CIA isn't mentioned once in that article. Is it really your belief that there could not possibly be any opposition to Maduro rule that isn't a CIA plot? Are the Democrats planted here by the Russian FSB to undermine Trump's blessed rule too?
1/23/2019 2:19:15 PM
You'd be naive to think CIA and Russian and China and other intel agencies aren't at work here.It's basically how the world works.I don't know anything about Venezula politics, but if the basis of going with the oppo leader is that he was selected by their "only democratic body" why can't the same reasoning apply to deposing Trump...
1/23/2019 2:27:51 PM
1/23/2019 2:33:05 PM
Shocking news. People use the word regime when they don't like them. That is why I call it the Trump regime. Big Whoop.
1/23/2019 3:13:50 PM
Dudehttps://www.bloomberg.com/news/articles/2019-01-23/trump-said-to-intend-to-recognize-guaido-as-venezuela-president
1/23/2019 4:12:48 PM
Ahahahahhahahaahahahhhaha
1/23/2019 4:49:32 PM
This is so insane[Edited on January 23, 2019 at 5:54 PM. Reason : .]
1/23/2019 5:53:45 PM
Is there any way this doesn’t end with either Madurai getting killed and reprisals for all his supporters OR Guaida getting killed and a massive purge of anti-Maduro protestors?
1/24/2019 10:33:17 AM
1/24/2019 10:52:37 AM
1/24/2019 11:08:30 AM
^Nice argument. I am going to go with the mass starvation, skyrocketing unemployment, and 1,000,000% inflation.
1/24/2019 11:28:17 AM
Oh yes the problems compounded by sanctions and destabilization efforts by the US, nice.https://twitter.com/marcorubio/status/1088414772163461120?s=21Nope definitely not about oil and imperialism!
1/24/2019 11:31:56 AM
Good review of the situation.https://youtu.be/bCJLL6SHst8
1/24/2019 10:08:39 PM
we’re just doing it all out in the open this time i guess https://twitter.com/schwarz/status/1088913516923375618?s=21
1/25/2019 7:05:46 PM
Moving this discussion over here since synapse wants to focus on how air traffic controllers Nancy Pelosi ended the shutdown in the other thread.
1/26/2019 2:25:26 PM
How much time have you personally spent in Latin America?
1/27/2019 1:09:25 PM
A lot less than Elliot Abrams.https://www.theguardian.com/us-news/2019/jan/26/elliott-abrams-venezuela-us-special-envoy
1/27/2019 1:27:31 PM
So none? Kinda seems like you don’t have a fucking clue about what you’re talking about ITT.
1/27/2019 3:32:31 PM
I don’t get it?Do we have to have personally been in places like Nicaragua or Chile to know our foreign policy has irreparably harmed generations of people?Like I know Stalin was a monster without ever having been to Moscow.
1/27/2019 4:20:50 PM
Ujustwait shuts down when confronted with the truth of US foreign interventionLike no matter how you feel about the legitimacy of Maduro’s office, the cast of characters in Trump’s foreign policy department is horrifying. They just appointed a literal convicted war criminal as special envoy. Wake the fuck up.
1/27/2019 4:55:51 PM
Dude, it’s way more complicated than you’re making it out to be. You have no idea how deeply corrupt the majority of Latin American governments are, and while the US has absolutely contributed to a throughly shitty amount of the corruption, what’s going on in Venezuela has no easy solution in sight, regardless of who’s president.
1/27/2019 8:17:57 PM
It’s rad as hell that Ilhan Omar is on the foreign services committeehttps://twitter.com/ilhanmn/status/1089689549033406469?s=21
1/27/2019 9:03:34 PM
1/27/2019 9:40:48 PM
^Strange of her to include Brazil, since they just had free, open, democratic elections. But then again, Brazil (along with the other regimes she mentions) is friendly with Israel, which we know Omar being so anti-Semitic can not support.
1/28/2019 9:26:54 AM
yeah it definitely has nothing to do with bolsonaro, it's definitely just a conspiracy against israelgood detective work
1/28/2019 9:29:53 AM
she’s so goodhttps://twitter.com/ilhanmn/status/1089713318867156993?s=21
1/28/2019 11:27:46 AM
1/28/2019 3:16:49 PM
1/28/2019 3:35:59 PM
Lol, John Bolton demanding regime change from the WH press room. Fuck me.(Also, was directly asked about military intervention and reiterated ALL options on table)[Edited on January 28, 2019 at 3:40 PM. Reason : X]
1/28/2019 3:38:48 PM
1/28/2019 3:41:58 PM
https://www.reuters.com/article/us-venezuela-politics-russia-exclusive/exclusive-kremlin-linked-contractors-help-guard-venezuelas-maduro-sources-idUSKCN1PJ22MCold War going strong.
1/28/2019 3:44:30 PM
1/28/2019 3:48:12 PM
1/28/2019 3:54:04 PM
Love to vote for Bernie Sanders and then support war criminals propping up right wing ghouls in Venezuela
1/28/2019 3:57:28 PM
Kinda hate to admit it, but LoneSnark is actually closer to being 'right' than most other people ITTIt's almost as if people forget Maduro was the fucking VP for Chavez and things actually got WORSE for Venezuelans after he was 'elected' the first time. Venezuela's government has been so unstable that it's hard for most Americans to really have a grasp on how fucked things are. It's on a whole other level. As for the US and our involvement?Isolationism sucks- minding our own business means innocent people die, while our traditional adversaries will reap the benefits.Imperialism/opportunism? Ugh.This whole fucking thing is a nightmare, and while I definitely don't want ANOTHER American war that will cost us bigly, the US is caught in the middle no matter what.[Edited on January 28, 2019 at 4:43 PM. Reason : .]
1/28/2019 4:42:00 PM
You cant call it "being caught" in the middle when you are sanctioning them
1/28/2019 5:08:06 PM
I mean, fine, non isolationist, but in just about every category seems like Venezuela needs to get in line behind like 15 other countries. Why would we intervene in Venezuela before, say, NK or Sudan?
1/28/2019 5:13:54 PM