"Detroit and baltimore" Suffered due to many factors, programs like food stamps/etc helped them due to this, and continue to help the people struggling.How many times must Progressive redistribution economics fail before even low information Obama voters understand that they will come to a bad end. Detroit, Baltimore, communist China, USSR, Venezuela and now Greece are all Progressive failures
Progressives can only maintain their "fuck you! I got mine" attitude for so long, its an attitude built of sand at low tide. It's inevitable that it collapses.
One day they'll learn
Communist china? China is state capitalist now, fuck, they allow capitalists to exploit their workers at dirt cheap wages, they are not progressive. Well, Mao did bring improvements compared to what came before, although he fucked up... a lot. The USSR? Do you seriously want to go into detail about the history of the USSR before and after the october revolution? It is complex and fascinating, I have spent many nights studying it, and undeniably, conditions drastically improved after russian came out of a feudalistic system under the tzars. Venezuela? The majority support hugo/the current leader because the people living in the most impoverished areas, the majority, were left behind, when oil profits were funneled into the pockets of the wealthiest, now, extreme poverty has been drastically reduced, housing is being propped up for many people, life expectancy has increased, literacy, education, infant mortality has decreased, food intake has increased, yes, venezuela has problems, but it has less people in poverty now then before the actions it undertook. You have to get out of your little bubble, and don't get me started on greece..
A recent study by the Greek economist Yiannis Mouzakis, based on European Commission review documents, IMF evaluation reports and Greek government budget documents, revealed that only 27 billion euros – a meagre 11 per cent of the total funding – were used for the Greek state’s operating needs. Which squares with the fact that the Greek government, as a result of the brutal belt-tightening imposed by the troika, has been running a primary surplus (i.e., its revenues have exceeded expenses) since 2013.
What about the rest of the money? Well, it went to the country’s banks and foreign creditors, mostly French and German banks. In other words, more than 80 per cent of the bailout funds were used to bail out, either directly or indirectly, the financial sector (both Greek and foreign) – not the Greek state. In the process, the overwhelming majority of Greek government debt was shifted from the private sector to the public sector, with other eurozone governments now liable for around 65 per cent of Greece’s debt (and another 20 per cent in the hands of the ECB and IMF).