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Venezuela to Shut Down for a Week to Cope With Electricity Crisis

And there in lies the the big lie about 'invisible hands' and so-called free markets. most often a free market means letting a few super conglomerates have a free run to attempt to gain control over dangerous amounts of an economic sector.

The usual net result is a crash, increased costs to governments- from lost tax revenue to increased unemployment. I have to take a rather grim view of the Conservative mantra of 2008- DRILL BABY DRILL. They claimed we needed to open up federal wildlife refuges, off shore, deep water, granny's backyard to 'beat those OPEC bastages' and secure our energy independence... :roll:

Oklahoma was being rocked daily by earthquakes- the corporations looked the other way while the State pushed private sector earthquake insurance instead of holding the fracking companies responsible. The reward for allowing the oil industry that 'free hand' is a collapsed oil industry Oklahoma relies on, collapsed revenue, trickle down unemployment (while many never saw a trickle down from the Reagan years many are certainly seeing a injurious trickle down from the PUB con game of turn the 'job creators' loose!)

It is interesting- some Conservatives harp on the piss poor planning of socialist countries when conservative states that are much touted by these Conservatives, collapse like a house of cards FOR THE EXACT SAME REASONS...

well they just can't seem to see that... :peace

Lol....
https://unitedwaydallas.org/texas-leads-nation-in-job-growth/
 
Resource shortages.

There are shortages in Venezuela because of government subsidies, price, profit and currency controls, and the nationalization and confiscation of private businesses. In short, they are attempting a centrally planned economy.
 
Even assuming that "a few super conglomerates have a free run" is actually true (it's not), it undercuts the entire argument for socialism which creates a single, unified super conglomerate with more power than any of the conglomerates before it. The government will always be the biggest monopoly in any country.

Once 'too big to fail' became the clarion call, once the mega corp CEO's got to bail out with millions while thousands of their workers went to the unemployment line, once the invisible hand drove the bus off the cliff... it is rather starkly true. I recall then President BushII claiming that no CEO would ruin his corporation for a profit, industries are guided by an invisible hand, and what government needs to do is get out of the way of business- business knows business- and with that the great mortgage bundling debacle dropped into our world toilet and clogged that bitch up!

Actually in socialism there is no single super conglomerate. Quite often the individual sectors have their own leaders, and their own outside corporations getting a nice consulting/managing fee. But many conservatives refuse to see socialism as anything but their own fantasy construct. (you confuse the political system- dictator, with the economic system socialism)

Oh the government isn't the most powerful monopoly- look how the healthcare industry derailed health care reform. look how the oil companies got away with PRIVATE Property damage here in Oklahoma... the government has responsibilities far beyond any single corporation- to include, in theory at least, overseeing business practices and public safety, so compared to any single private sector business it is huge, but to compare the part of government that deals with any one sector of business- it is dwarfed by that private sector interest.... :peace
 

You do know Oklahoma isn't a county in Texas right? So if you do, what does this have to do with the commonality of the Okie Economy and the Venezuelan one?

One thing to remember is Texas is HUGE compared to both Venezuela and Oklahoma, the article you cite says the biggest increase in jobs are the lower paying service sector ones.

But if you want to throw states around, look at the wonderful PUB miracle that is Kansas right about now... :peace
 
OOOOR the much worshiped capitalist 'unicorn'- the free market invisible hand has driven the world wide oil bus off the same cliff the financial institution's invisible hand drove our credit system off of.

PUB controlled Oklahoma is shutting down services, cutting school district payments (not just next years budgets but THIS years budget- the school year that has already been planned and contracts tendered :shock: , health services, even the VA is facing services being curtailed. Can't blame socialism for Oklahoma's woes- been a solid PUB state for quite some time. When the oil economy was booming Gov. Fallin strutted around proclaiming the superiority of PUB state management- cutting taxes and offering bribes for businesses to leave a fellow state and relocate to the Sooner state.

Now my state is deep in red ink and should be grateful an 'over reaching' Federal government is there...

I'd say the political system isn't as much to blame by out of control capitalism wreaking havoc near and far... :peace

Diversify
 
There are shortages in Venezuela because of government subsidies, price, profit and currency controls, and the nationalization and confiscation of private businesses. In short, they are attempting a centrally planned economy.

Yeah, and many other reasons on top of that.

But for some reason people still think that's comparable to US Democrats. Man, how dumb do ya have to be?
 
Diversify

I totally agree, of course what compounds our budget disaster is a short sighted tax policy. The Pubs have been cutting tax revenue in other areas as the oil tax revenue increased- not too concerned about the traditional boom bust oil cycle... :doh

Now the theory was pure PUB fantasy- by allowing business and people to keep more money, they would invest in business upgrades, new hires and those people would spend more in the consumer market driving more sales and more jobs... throw in some bribes to lure businesses from other states and we have a winner!

Unfortunately some of the businesses lured in were just coming to plunder and run. Our area's opportunist was Luscombe Aviation. They had a rather shady reputation elsewhere but the local governments didn't seem to care. So Conservatives didn't like the feds blowing money on private companies but at the local level there was ZERO shame. Of course Quartz mtn Aviation folded with no real aircraft production, the local governments and banks are out around a cool half mil and we aren't a very well funded area anyway!

Now the oil industry has tanked- instead of an increased private sector economy in other areas, we have a trickle down from the oil industry causing more job loss in the private sector. Dunno what individuals and businesses did spend their tax savings on but it didn't blunt the fallout when the oil companies began to fire.

I do wish Oklahoma could diversify, but more to the point I wish our PUBs weren't such ideologues and accepted we need a broad based tax system as well as a broad based economy... :peace
 
You do know Oklahoma isn't a county in Texas right? So if you do, what does this have to do with the commonality of the Okie Economy and the Venezuelan one?

One thing to remember is Texas is HUGE compared to both Venezuela and Oklahoma, the article you cite says the biggest increase in jobs are the lower paying service sector ones.

But if you want to throw states around, look at the wonderful PUB miracle that is Kansas right about now... :peace

I think Libs like yourself should concentrate on fixing issues in Lib States like California instead of critiquing states that actually have growing economies and budget surpluses to boot.

California has the highest child poverty rate in the Nation and the highest over all poverty rate when cost of living is taken into consideration.

Even higher than Mississipi.
Child Poverty in California (PPIC Publication)

The poverty crisis is so bad California is considering ANOTHER tax increase on propertys valued at 3 million or above, which includes Commercial properties and that means more job killing tax increases.

Progs NEVER learn

So considering the basket cases that have been created via the Progessive ideology let's just say your criticism and or advice is really not worth the time you spend typing it out .
 

It is ****ing hilarious you would post an article that is 2 years old (pre-oil price collapse) to defy reality of the Texas miracle.

Meanwhile, back here in reality:

State_Index_02_20161.png


“Our Texas Economic Activity Index declined again in December, now down 13 out of the last 14 months. Six out of eight index components were negative, with the biggest drag coming from state exports. This is strong evidence that the collapse of oil prices is dampening economic growth in Texas. Payroll employment and house prices were the two positive components of the index in December. We expect both employment growth and house price growth to ease in Texas over 2016. Year-over-year job growth in Texas has already clearly trended down through 2015, down to 1.4 percent in December, below the national average of 2.0 percent for the month. Housing markets in North Texas and in Austin remain tight, supporting prices. However, house price appreciation in energy-centric Houston is flattening out,” said Robert Dye, Chief Economist at Comerica Bank. “2016 will be a transitional year for the Texas economy as it adjusts to lower oil prices for longer.”
 
Once 'too big to fail' became the clarion call, once the mega corp CEO's got to bail out with millions while thousands of their workers went to the unemployment line, once the invisible hand drove the bus off the cliff... it is rather starkly true. I recall then President BushII claiming that no CEO would ruin his corporation for a profit, industries are guided by an invisible hand, and what government needs to do is get out of the way of business- business knows business- and with that the great mortgage bundling debacle dropped into our world toilet and clogged that bitch up!

It is quite demonstrably true that a monopolistic government is more harmful to its people than a a few large companies. All the troubles you see plaguing large companies only get woprse in larger governments. In fact, what makes a company "too big to fail" if not an over controlling government?!

Actually in socialism there is no single super conglomerate. Quite often the individual sectors have their own leaders, and their own outside corporations getting a nice consulting/managing fee. But many conservatives refuse to see socialism as anything but their own fantasy construct. (you confuse the political system- dictator, with the economic system socialism)

So in socialism you have too big to fail industrialists controlling a monopoly on the various economic sectors. Got it. Sounds pretty close to the crony capitalism in the US.

Oh the government isn't the most powerful monopoly- look how the healthcare industry derailed health care reform.

The government did what the government did. You can't seem to grasp that what you think happened in the healthcare reform would be GOVERNMENT corruption, not private sector.

look how the oil companies got away with PRIVATE Property damage here in Oklahoma...

Look at the property damage of Chernobyl. Look at the property damage of China. Look at the property damage of Venezuela... and so on. The state has proven, when given the power, capable of unprecedented levels of environmental destruction.

the government has responsibilities far beyond any single corporation- to include, in theory at least, overseeing business practices and public safety, so compared to any single private sector business it is huge, but to compare the part of government that deals with any one sector of business- it is dwarfed by that private sector interest.

No, the government is every bit as corrupt as private business. The problem is that the government has no competition.
 
LOL....well....yer getting warmer, it is only a one year old article.

Maybe the date on yer puter needs a refresh?

The problem is, any recent publication will negate his entire premise, which is why he continues to source obsolete/incorrect material.
 
The problem is, any recent publication will negate his entire premise, which is why he continues to source obsolete/incorrect material.

It is the story of his post'n life....
 
I think Libs like yourself should concentrate on fixing issues in Lib States like California instead of critiquing states that actually have growing economies and budget surpluses to boot. California has the highest child poverty rate in the Nation and the highest over all poverty rate when cost of living is taken into consideration.Even higher than Mississipi.
Child Poverty in California (PPIC Publication)

The poverty crisis is so bad California is considering ANOTHER tax increase on propertys valued at 3 million or above, which includes Commercial properties and that means more job killing tax increases. Progs NEVER learn. So considering the basket cases that have been created via the Progessive ideology let's just say your criticism and or advice is really not worth the time you spend typing it out .

Conservatives never learn- you deflect from the STATE we are discussing in relation to Venezuela. States that put their eggs in a single sector basket... :doh

But you can't discuss that so you go off on a PUB deflection about Texas and California. Howsomever according to Mississippi Business Journal- sept 18th 2014 says Mississippi leads in child poverty- 34% while California according to your report is around 22.7% for the same year... :peace
 
I totally agree, of course what compounds our budget disaster is a short sighted tax policy. The Pubs have been cutting tax revenue in other areas as the oil tax revenue increased- not too concerned about the traditional boom bust oil cycle... :doh

Now the theory was pure PUB fantasy- by allowing business and people to keep more money, they would invest in business upgrades, new hires and those people would spend more in the consumer market driving more sales and more jobs... throw in some bribes to lure businesses from other states and we have a winner!

Unfortunately some of the businesses lured in were just coming to plunder and run. Our area's opportunist was Luscombe Aviation. They had a rather shady reputation elsewhere but the local governments didn't seem to care. So Conservatives didn't like the feds blowing money on private companies but at the local level there was ZERO shame. Of course Quartz mtn Aviation folded with no real aircraft production, the local governments and banks are out around a cool half mil and we aren't a very well funded area anyway!

Now the oil industry has tanked- instead of an increased private sector economy in other areas, we have a trickle down from the oil industry causing more job loss in the private sector. Dunno what individuals and businesses did spend their tax savings on but it didn't blunt the fallout when the oil companies began to fire.

I do wish Oklahoma could diversify, but more to the point I wish our PUBs weren't such ideologues and accepted we need a broad based tax system as well as a broad based economy... :peace

When gas goes back up, [which it's now doing] and the supply runs shorter, the oil drillers will be back in business. In the meantime, learn from your mistakes.
 
When gas goes back up, [which it's now doing] and the supply runs shorter, the oil drillers will be back in business. In the meantime, learn from your mistakes.

Not a lesson I needed to be taught- it would appear the PUBs could stand to hear it...

Though when it comes to drilling I think that hey day has passed- fracking is being 'cracked' down as a hazard to many Okies. There are only so many holes you can drill, many wells are being shut down, so no drilling is needed, just the price rising above the profitability line to open them back up.

It does cause me to reflect on drill baby drill... seems we can't have real energy independence because the oil industry rarely exercises mature planning. Drill like tweekers and the price crashes, shut down wells to create an artificial shortage and the price goes up to restart the massive oil flow...

I think that invisible hand is flying the bird at us... :peace
 
Not a lesson I needed to be taught- it would appear the PUBs could stand to hear it...

Though when it comes to drilling I think that hey day has passed- fracking is being 'cracked' down as a hazard to many Okies. There are only so many holes you can drill, many wells are being shut down, so no drilling is needed, just the price rising above the profitability line to open them back up.

It does cause me to reflect on drill baby drill... seems we can't have real energy independence because the oil industry rarely exercises mature planning. Drill like tweekers and the price crashes, shut down wells to create an artificial shortage and the price goes up to restart the massive oil flow...

I think that invisible hand is flying the bird at us... :peace

Idon't disagree with the last sentence but, I don't believe capitalism is the invisible hand rather the global money hegemony
 
Lol...yes, Venezuela is short on natural rescources....
Venezuela: Mining, Minerals and Fuel Resources
It is one thing to be awash with natural resources, and another to know how to mine them! The sad truth is that Venezuelans don't seem to know how to do that, and at the same time, they have sacked all the foreigners who could have helped them!
Go figure!

Depends on what we are talking about with ideology. Socialism as an economic model clearly failed them, they based too much of their fiscal demands on oil prices staying high. Once oil prices completely collapsed, so did their fiscal condition. Saudi Arabia effectively killed Venezuela, by destroying their national interests.
The comparison with Saudi Arabia is very interesting since both countries have more or less the same population and the same amount of oil reserve! The thing is that the Saudis produce like 5 times more oil than the Venezuelans! And oddly enough the Saudis are better off, even though their only riches are oil and ……. well sand!
And this is the blatant proof, that when your country is run by a bunch of idiots, there is no economic system that will save you from disaster!

Hold on the magic money tree does not work?:lol:
Venezuela is a case in point: indeed, the problem is that when there is nothing to buy since your country produces absolutely nothing, there is no amount of money you can print that will help you out of your predicament as if by magic!
I read an article a couple of weeks ago that read that french fries at Mc Donald's in Caracas will cost you more than $100! Can you believe that, we are talking about 2 or 3 potatoes here! This country is the ultimate disaster!

.......
industries are guided by an invisible hand, and what government needs to do is get out of the way of business- business knows business- and with that the great mortgage bundling debacle dropped into our world toilet and clogged that bitch up!
Funny how you conjure up the concept of the “invisible hand” as if to say, hey we can't do anything about it, while the real topic is in fact Greed, the one that is abated by runaway corruption (to force the people in charge to look the other way)!
This unchecked, and consumate Greed is presently on a rampage and destroys the kind of society and way of life that we have been building for centuries!
 
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