How Bad Off Is Oil-Rich Venezuela? It’s Buying U.S. Oil

Re:How Bad Off Is Oil-Rich Venezuela? It’s Buying U.S. Oil by matt_wulfeck on Tuesday September 20, 2016 @04:16PM (#12542975)

Germany (as one example) has a social expenditure of 25% versus USA at 19%[0]. Switzerland is 19.4%.

[0] https://stats.oecd.org/Index.aspx?DataSetCode=SOCX_AGG

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Re:How Bad Off Is Oil-Rich Venezuela? It’s Buying U.S. Oil by fulafel on Wednesday September 21, 2016 @01:17AM (#12545600)

Using social expenditure in % of GDP to measure its "cost-effectiveness" is problematic, as there's wide agreement social spending has a big impact on GDP. (Structure of the spending is the other big variable of course)

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Re:How Bad Off Is Oil-Rich Venezuela? It’s Buying U.S. Oil by sgnelson on Tuesday September 20, 2016 @09:28PM (#12544791)

It's not just how much, it's also what, who, how, where, and why.

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