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Re:As Venezuela Collapses, Children Are Dying of Hunger by toomuchtodo on Sunday December 17, 2017 @03:27PM (#15947470)
It was government corruption, not socialism that led to the current crisis.

Socialistic Scandinavia countries that have sovereign wealth funds from their oil extraction prosper.

Re:As Venezuela Collapses, Children Are Dying of Hunger by tomohawk on Sunday December 17, 2017 @03:45PM (#15947557)
All systems have corruption. However, when the government nationalizes food distribution and production, that corruption has a much larger impact.
Re:As Venezuela Collapses, Children Are Dying of Hunger by toomuchtodo on Sunday December 17, 2017 @10:39PM (#15949222)
Mismanaging/squandering/embezzling your country’s oil revenues and a steep decline in said oil revenues without a sovereign wealth cushion was what caused this, not nationalizing food distribution or production.

https://en.m.wikipedia.org/wiki/Crisis_in_Venezuela_(2012%E2...

Re:As Venezuela Collapses, Children Are Dying of Hunger by candiodari on Monday December 18, 2017 @06:07AM (#15950829)
Certainly the nationalizing seems to be part of it. Attacking the people producing said food for "hoarding" just to appease your socialist backers [1] [2], I must say, also seems less than helpful to my admittedly uninitiated brain. They've been at it for a decade.

[1] https://venezuelanalysis.com/news/11478

[2] http://www.nytimes.com/2007/05/17/world/americas/17venezuela...

Re:As Venezuela Collapses, Children Are Dying of Hunger by spraak on Sunday December 17, 2017 @03:28PM (#15947479)
Genuinely curious and not trying to troll: how successful would Scandinavian socialism be without oil?
Re:As Venezuela Collapses, Children Are Dying of Hunger by jalk on Sunday December 17, 2017 @03:41PM (#15947541)
Norway's is the only Scandinavia country with substantial amounts oil. Taxation is largely what is funding the welfare state.
Re:As Venezuela Collapses, Children Are Dying of Hunger by candiodari on Monday December 18, 2017 @06:11AM (#15950839)
That may be true, but all 3 countries are tiny with a large natural resource sector (so is Russia, incidentally, except on the "tiny" front). None depend on manufacturing or resources, despite all their European neighbors doing just that. Of course, sure, only 1 has a real oil sector. Like the middle eastern countries, though, Norway is somewhat guilty of sabotaging their own agricultural sector to appease political interests (ie. the greens), and compensating large amounts of importing from their immediate neighbors.
Re:As Venezuela Collapses, Children Are Dying of Hunger by iyrkki_odyss on Sunday December 17, 2017 @09:47PM (#15949030)
None of the scandinavian countries are socialistic.
Re:As Venezuela Collapses, Children Are Dying of Hunger by X86BSD on Sunday December 17, 2017 @03:29PM (#15947484)
That’s not quite accurate. They also have the US paying largely for their defense needs. That saves them a ton of money.