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A comment on Venezuela’s Currency Has Had its Biggest Monthly Collapse. Parent comment

Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by wooter on Friday November 25, 2016 @12:22AM (#13034557)
> Socialism is simply a philosophy that puts people before money

That is a platitude that doesn't mean anything. Abolishing a pricing mechanism doesn't put people ahead - it destroys resources. Capitalism has done more for the people in the last 300 years than any other system in the last 30,000.

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Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by Synaesthesia on Friday November 25, 2016 @02:48AM (#13034975)
For which people? If you look at India, 200-300 years ago, it was a major manufacturing hub and much wealthier and better-off than it is today.
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Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by BurningFrog on Friday November 25, 2016 @03:39AM (#13035128)
What was concretely better in the India of 1750 than today?

Communications? Medicine? Nutrition? Science? Housing? Civil rights? Arts? Life span?

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Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by Synaesthesia on Friday November 25, 2016 @04:00AM (#13035242)
I didn't say it was better than today. Things have improved a lot since independence. It was better before colonization than after.
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Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by BurningFrog on Friday November 25, 2016 @04:02AM (#13035252)
"it was a major manufacturing hub and much wealthier and better-off than it is today"
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Re:Venezuela’s Currency Has Had its Biggest Monthly Collapse by ptaipale on Friday November 25, 2016 @03:24AM (#13035075)
India surely was comparatively wealthier, or less poor. When compared to other countries.

But in absolute terms it was very, very poor compared to today.

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