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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
Verified account
@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    Noah Smith‏Verified account @Noahpinion Oct 15

    Some people claim that Venezuela's economic collapse has been due to a fall in the price of oil. But here's the economic performance of a bunch of oil-dependent countries. Most have taken a hit. A couple took a major hit. None has collapsed like Venezuela. Nowhere close.pic.twitter.com/5MyCCKq868

    3:06 PM - 15 Oct 2018
    • 74 Retweets
    • 188 Likes
    • Alan Gabriel gaelofdarkness Ray Hsu BMac sam esfandiari eleanorina austin berg noplasticshower João M. T. Costa
    15 replies 74 retweets 188 likes
      1. Noah Smith‏Verified account @Noahpinion Oct 15

        Note that Venezuela isn't on the graph because it collapsed so bad that it stopped reporting numbers and was dropped from the database.

        8 replies 12 retweets 70 likes
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      2. Yuletide Machine‏ @bdragon74 Oct 15
        Replying to @Noahpinion

        It's insane to think that a country that goes from stability and growth to scavenging food out of trash cans due to an oil shock is a functional economy, even if it were true.

        1 reply 2 retweets 9 likes
      3. Kevin Brown‏ @kay100bee Oct 15
        Replying to @bdragon74 @Noahpinion

        It is not because of the oil shock. Though it didn't help...

        1 reply 0 retweets 0 likes
      4. Yuletide Machine‏ @bdragon74 Oct 15
        Replying to @kay100bee @Noahpinion

        I know. Hence the "even if it were true."

        0 replies 0 retweets 1 like
      5. End of conversation
      1. New conversation
      2. Asdrúbal Iván  🇻🇪‏ @asdrubalivan Oct 15
        Replying to @Noahpinion

        I know this is gonna sound alt-right but I think adherence to Marxist ideology has had a great influence in the economic policies of the regime and is to blame for our catastrophe

        2 replies 0 retweets 3 likes
      3. Kevin Brown‏ @kay100bee Oct 15
        Replying to @asdrubalivan @Noahpinion

        If that is alt right then good lord we are lost.

        0 replies 0 retweets 5 likes
      4. End of conversation
      1. Francisco R. Ruiz‏ @ciscoru Oct 15
        Replying to @Noahpinion

        Venezuela’s collapse has more to do with government malfeasance and ineptitude than declining oil prices.

        0 replies 0 retweets 5 likes
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      1. Daniel Gomez Gaviria‏ @dgomezco Oct 15
        Replying to @Noahpinion

        Those people stopped following venezuelan politics and economic policy since 2000?

        0 replies 0 retweets 4 likes
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      2. Henry Kim‏ @h27kim Oct 15
        Replying to @Noahpinion

        Am I wrong in thinking that Venezuela is virtually in a state of near-civil-war? That sort of social disruption would do things to the economy. While people will blame leftism or rightism, the problem is prob that leftists and rightists are fighting, not which is good/bad.

        1 reply 0 retweets 0 likes
      3. Wes Winham‏ @weswinham Oct 15
        Replying to @h27kim @Noahpinion

        The civil war was caused by the economic collapse. The collapse came first by several years and has continued to worsen.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. Brian Olson‏ @Bjorn12650 Oct 16
        Replying to @Noahpinion @greta

        Socialism = Failure. Proven over and over and over and over again.

        0 replies 0 retweets 1 like
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      2. Cheddar Man‏ @Man_Of_Cheddar Oct 15
        Replying to @Noahpinion

        Couldn't one say that the oil crash was the proximate cause of Venezuela's collapse, but the underlying cause was government policy?

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. senatorcarraro‏ @senatorcarraro Oct 16
        Replying to @Noahpinion @greta

        IT'S BECAUSE OF THE THEFT OF GOVERNMENT LEADERS WHO STARTED OUT AS SOCIALIST THUGS AND BECAME CAPITALIST THUGS INSTEAD

        0 replies 0 retweets 0 likes
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      1. USCombatVeteran‏ @USCombatVet Oct 16
        Replying to @Noahpinion @greta

        Venezuela has failed because of Socialism. This has no place in America.

        0 replies 0 retweets 0 likes
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      1. Michael Ingram‏ @mwingram Oct 16
        Replying to @Noahpinion

        Also consider the drought and the loss of technical skills to run the refineries.

        0 replies 0 retweets 0 likes
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      1. Jorg‏ @Lord_Sandy777 Oct 16
        Replying to @Noahpinion @greta

        I'm guessing all the American sanctions have had no impact as well?

        0 replies 0 retweets 0 likes
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      1. Marlon‏ @36marlon1 Oct 16
        Replying to @Noahpinion @trumps_feed

        That's what happens when there's an ignorant lunatic populist running the country.

        0 replies 0 retweets 0 likes
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      1. drbc‏ @DBattistella Oct 15
        Replying to @Noahpinion

        Nations are like families. When one or both parents greedily take all the money for themselves, don't pay the bills, and steal from their loved ones, the family ends up starving and homeless.

        0 replies 0 retweets 0 likes
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