OK, yes, I admit, there is ONE way that dismantling capitalism might halt climate change. But you're not gonna like it.https://twitter.com/economics/status/1051940120688058368 …
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Do you really think those failures are orthogonal to Chavez' brand of socialism? Spending tons of money = Chavez' strategy to help the poor (which was inevitably riddled with cronyism). As for not diversifying...it's hard to do without private business.
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The money spent wasn’t exclusively spent on the poor or programs for them. Their economy originally flourished but it was based on oil revenues and when that tanked the economy did too. So Venezuela was as dependent on capitalistic markets as we are.
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It's hard to imagine a more oil-dependent economy than Saudi Arabia. Yet it has taken only a very mild economic hit from the oil price drop, whereas Venezuela is a huge disaster. Why the difference?pic.twitter.com/EzBjmLt4Ax
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As stated before, Venezuela is almost exclusively dependent on oil revenues. Saudi Arabia is heavily dependent too but is a monarchy, is a big influence in OPEC and enjoys huge support from our government
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I mean, show me another oil-dependent state that has suffered anywhere near as much as Venezuela. Russia? No. Nigeria? No. Iran? No (despite massive sanctions!!). Nowhere. Only Venezuela. Your story about why Venezuela has collapsed is not a good one. It wasn't oil.
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Again a big issue is Chavez not taking the opportunity to diversify the economy
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That’s true. But it’s not an example of socialism
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What's your favorite example of socialism?
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Paris Commune and early Russian revolution. Vietnam before we interfered. I could go through a list of short-lived Latin American socialist states but we all know who fucked that up (hint: the U.S.)
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Yeah, I'm not sure that temporary pseudo-states in the middle of wars, that promptly went to shit, are great examples of socialist success. Russia and Vietnam screwed themselves over long after the war threat was gone, while South Korea, Taiwan, etc. flourished.
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They’re not examples of success but they are examples of hope and of what people were willing to fight for to control their own destinies. Understanding why they failed however requires an understanding of the countries who intervened to prevent their success
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I view them more as cautionary tales. Yeah, it's good for people to fight to control their destinies. But the relationship between revolutionary energy and successful reform efforts is a complex and uncertain one.
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It’s very complex and uncertain. It’s also been subject to brutal repression and military intervention.
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Indeed. And, usually, has dealt out the same.
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