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Thread: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

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    Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Rich In Oil, Venezuela Is Now Poor In Most Everything Else : Parallels : NPR

    "There is no incentive because price controls mean that you lose money. So the more you produce, the more money you lose," he says.


    Socialism rocks!
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    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by mac View Post
    Rich In Oil, Venezuela Is Now Poor In Most Everything Else : Parallels : NPR

    "There is no incentive because price controls mean that you lose money. So the more you produce, the more money you lose," he says.


    Socialism rocks!
    price controls, the state stealing entire industries, etc ,etc... it might be a recipe for leftist utopia, but it's not a recipe for success.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by mac View Post


    Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.

    A good place to stay away from.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by shrubnose View Post
    Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.

    A good place to stay away from.
    it is a good place to stay away from.
    my business affairs are primarily in Colombia and ... hey have taken a drastically different approach from the chavez idiocy, and it's paying off for them.
    if they can ever legitimately combat the ever looming black market in Colombia and somehow turn it to the white market... improvements will flow like a torrent.

    I work with many firms who used to be Venezuelan, but moved on to greener pastures in Colombia...some of the the stories I have heard are pretty intense.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by Thrilla View Post
    it is a good place to stay away from.
    Quote Originally Posted by shrubnose View Post
    A good place to stay away from.
    Isn't the saying "the time to buy is when there is blood in the streets" or something along those lines? Blood in the streets definitely applies to Caracas lol
    I don't have proof for any of this, but you have to wonder.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    More marxist fail...but next time!

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    It amazes me why anyone thinks government economic interventions work. History has proven time and time again that they dont. If you want prosperity then you should be promoting free markets. There is no alternative.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by US Conservative View Post
    More marxist fail...but next time!


    Woulda, coulda, shoulda.

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else

    Quote Originally Posted by Thrilla View Post
    price controls, the state stealing entire industries, etc ,etc... it might be a recipe for leftist utopia, but it's not a recipe for success.
    Quote Originally Posted by shrubnose View Post
    Venezuela is a god-awful mess that is getting worse with little chance of getting better anytime soon.

    A good place to stay away from.
    Indeed. Chavez must be laughing in his grave, rather than turning in it. So much for all those promised improvements.

    Rather surprising that so many would welcome the same sort of failed crap to this country.
    the Fix-is-in Bureau of Investigation

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    Re: Rich In Oil, Venezuela Is Now Poor In Most Everything Else


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