Re:How Poverty Makes Workers Less Productive
by pasquinelli on Sunday February 14, 2021 @08:42PM
(#26138119)
Venezuela is struggling because of a focus on the collective, not because of sactions, blockades, and coup attepts... none of that has any real effect.
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Re:How Poverty Makes Workers Less Productive
by imtringued on Monday February 15, 2021 @04:22AM
(#26140823)
A common point in Bitcoin submissions on HN is that a deflationary cryptocurrency would help with the inflationary currency (e.g. in Venezuela) and make it possible for the average person to build wealth.
I just looked up Venezuela's situation. Well, food prices are going up because diesel sanctions prevent farmers from running their tractors. That's definitively not a currency problem.