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- #101
That's a joke, right? Because Venezuela's problem is not falling oil revenue (although that is a problem). Their problem is a socialist command economy.
You are ignorant. Venezuela does not have a command economy.
Economy of Venezuela - Wikipedia, the free encyclopedia
The World Factbook
Yes it does. All prices are set by the government. All wages are set by the government. What to produce and how much to produce is set by the government, even though it's rules are pure fantasy.
So by your definition when Nixon set wage and price controls we had a command economy?
No, that is as silly as saying that Sanders is a communist.
No. It's what the definition is. When you start dictating how much people make, and how much products are allowed to sell for.... I'm not sure what other definition of command economy you would use.