Re:Noam Chomsky Joins Faculty at University of Arizona
by cgmg on Saturday August 19, 2017 @07:55PM
(#15056266)
"The US and europe attacking venezuela..."
Speaking as a Venezuelan, what the bloody hell are you talking about?
"...and blaming their failures on state socialism..."
Venezuela's failures are the failure of state socialism. Price controls, capital controls, expropriations, redistribution policies, central planning, disregard for property rights, and other insane economic policies tanked the country. High oil prices were the only thing hiding the structural damage these policies were creating for years.
Speaking as a Venezuelan, what the bloody hell are you talking about?
"...and blaming their failures on state socialism..."
Venezuela's failures are the failure of state socialism. Price controls, capital controls, expropriations, redistribution policies, central planning, disregard for property rights, and other insane economic policies tanked the country. High oil prices were the only thing hiding the structural damage these policies were creating for years.