News for hackers. Stuff that matters.
Re:How Venezuela went from a rich democracy to a collapsing ... by sremani on Wednesday September 20, 2017 @07:13PM (#15299195)
A quick refresher for my liberal friends,

Oil Prices in 2012: https://www.eia.gov/todayinenergy/detail.php?id=9530

Food Shortages in Venezuela in 2012 Source from NYT:

http://www.nytimes.com/2012/04/21/world/americas/venezuela-f...

Re:How Venezuela went from a rich democracy to a collapsing ... by 0x27081990 on Wednesday September 20, 2017 @07:59PM (#15299461)
They closed import/export for the private sector. Only federal government handles it. Which led to export just oil (inefficiently if I may add), so when priced collapsed they had to decide if pay debt and face hunger, or fight hunger and face a financial default. Guess which one they decided?
Re:How Venezuela went from a rich democracy to a collapsing ... by danharaj on Wednesday September 20, 2017 @07:22PM (#15299244)
https://en.wikipedia.org/wiki/History_of_the_Venezuelan_oil_...

#First_Dutch_Disease #Second_Dutch_Disease #Third_Dutch_Disease

But what about free markets? Why don't they just have free markets? This alternative is just pure rhetoric hardly explicated in its material form: Sell the country off to international corporations, saddle your country with unmanageable debt, and beg the international financial system to keep you alive so long as you have resources worth extracting.

Honestly, it would be fine if people were just forthright in proposing those policies. It's always dressed up in the language of freedom and liberty in the most dishonest way. Venezuela is failing now, I can point to several other nations that did exactly what they were supposed to according to the interests of Capital, and they aren't looking so hot either.