- Apr 1, 2011
- 170,028
- 47,214
- 2,180
LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?How did Venezuela become a socialist economy without nationalizing its banks?Venezuela's President-for-Life Maduro not only admitted at a PSUV Party conference (yeah, socialism requires the elimination of other political parties) that their socialist economic model is a failure, he blamed himself and the party. Only desperate children need to blame capitalists. You spew common socialist LIES in defense of what has proven to be a guaranteed socio-economic recipe for disaster.
Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017 | Democracy Now!
Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.
And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?
Financial Imperialism-The Case of Venezuela
"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.
"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.
"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.
"More than 85% of all global trade (export and import) is done in dollars.
"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.
"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.
"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).
"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.
"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."Just because you are ignorant of something doesn't mean it never happened.LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?
"First plan, 1928–1932[edit]
Main article: first five-year plan
Five-year plans for the national economy of the Soviet Union - Wikipedia
"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."
https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640
Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.
You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?
Last edited: