Re:Venezuela Declares Every Friday a Holiday to Save Electri...
by Mikeb85 on Thursday April 07, 2016 @05:41PM
(#11450942)
My guess is that most of Venezuela's industries are non-existent, as they've focused on oil the last 50+ years. I know they import just about all their consumer goods and food.
Venezuela's economy after the revolution wasn't really a great example of a 'planned' economy. More like:
1) Nationalize oil companies
2) Give free shit to all the people who they promised free shit to
3) Profit?
There's doesn't seem to have been a real direction, no attempt at developing the economy, just Zimbabwe-style redistribution.
At least in the case of the US, the 'waste' generally finds its way into the US economy (through the military industrial complex, the prison system, subsidies to farmers, etc..)
Venezuela's economy after the revolution wasn't really a great example of a 'planned' economy. More like:
1) Nationalize oil companies
2) Give free shit to all the people who they promised free shit to
3) Profit?
There's doesn't seem to have been a real direction, no attempt at developing the economy, just Zimbabwe-style redistribution.
At least in the case of the US, the 'waste' generally finds its way into the US economy (through the military industrial complex, the prison system, subsidies to farmers, etc..)