francoHFW
Diamond Member
Yes it was ranked number four in 1950, in competition with destroyed countries from World War II. By 1982 it was a wreck.Venezuela was never a first world country, idiot. They were an incredibly corrupt oligarchy. The 1% was first world Maybe.Whoa what is fair share? What is this amorphous, subjective term that keeps getting thrown around? At what point is fair share going to be satisfactory? In the European countries there doesn’t seem to be a satisfactory amount so taxes are constantly raised, or they realize continuously raising taxes does not help at all with job creation and they are moving right. And why is it moral to give money to a institution that LOST 1 trillion dollars since the movie the hangover was made? If that was a charity we were giving our hard earned money too, we’d be burning that bitch to the ground.You should also be willing to ask the question : "What role did government play in the creation of Apple Computers?" Starting with its official corporate charter and extending through decades of taxpayer-funded (government) research and development into revolutionary technologies like the Internet, GPS, and touchscreen display.Yea I’d say government is a very shitty vessel for solving our problems. Individuals on the other hand are very good at it. I’m typing on a device that would’ve been considered a supercomputer in the 90s...and it fits in my palm. It’s tech making the entire globe richer, giving the impoverished worldwide access to the internet where they can participate in things like commerce and education they could not have dreamed of 10 years ago. Made by the same company that took 40 some years to be worth what our government lost track of in 10.
Apple received its early stage finance from the US government's small business Investment Company program. Venture capitalists entered only after government funding had gotten Apple to the critical proof of concept stage.
Considering everything government contributed to Apple's current $1 trillion market cap, it is also shameful that Apple refuses to should its fair share of the federal tax burden, imho.
Taxpayers Helped Apple, but Apple Won’t Help Them
Sure apple didn’t get where they are on their own. And an interesting tidbit is that military innovation is probably the largest driver of innovation and beneficial tech for the public overall. But for that to happen, a country needs to recognize that the standard bureaucracy that politics always seems to breeds is detrimental to their military and its best to keep it out as much as possible (which many countries have). However, do you believe that if apple were in the business of whatever government dept, well say Medicare, it would be hemorrhaging as much money knowing it’s competing with google for Medicare patients and healthcare providers to use their service? If amazon ran the DMV do you think my drivers license photo would like I was ready to cry tears of rage? Faaack no. Did apple get where they are on their own. No. Did they have some help from government, sure. Was a government loan the driving force of their success, nope. What free markets do is crowd source solutions to humanities problems while rewarding the people who solve those problems. It monetizes service to humanity. After all, why are you going to pay for something that you don’t need or want? Is capatialism a perfect system, hell no. No system is, but it’s the best we have come up with. It’s not fair to capatilism to define it by the areas that is has fallen short of (areas perceived in this current tiny timeframe that’s constantly changing and improving)...but then ignore the tremendous leaps and bounds it has improved human life world wide. Read Enlightenment Now please, by Stephen Pinker, a Harvard psychologist (whose on the left so this isn’t a right wing shill propagandist). It’s absolutely nothing short of a miracle to see how far humanity has come even in the past 20 years. You will be blown away by the stats. Also Better Angels is another good one by him in the same sort of vein. Also, look up Bjorn Lomborg, he has a book (I haven’t read) but has Ted Talks, articles and videos talking about prioritizing the worlds problems and analysis and the best ways to solves them. It’s good stuff, and will show you that these free market things work pretty damn well.
It’s also important to note that the countries the likes of AOC and Bernie cite are not socialists countries. They are free market countries, with larger social programs than we have, and also larger tax rates. Real socialism is what we see in Venezuela (like 5 years ago it was heralded as a admirable success by the far left), and Cuba. Both are hell holes, and hopefully the change of leadership will help Venezuela (once a modern 1st world country with immense resources) get back in its feet. So what do you mean when you’re talking about socialism?
I think you’re simplifying world problems with an equation of government + more money = problems solved. But it’s not that simple, and government, pretty much by nature, is like a hanging flower pot where you turn the hose on full power and drench it, but only see droplets coming out of the bottom. I’m not saying government isn’t capable of any good, or doesn’t have a place. Just that you should honestly question if it is the best vessel for solving problems. Once again, it lost 1 trillion dollars. That’s a full 1/3 of what it takes in annually in tax revenue. 5% of the entire national GDP it carelessly lost in the cushions of the couch within 10 years. Is government really the best way to provide the most good? Is that going to give us the best bang for our buck?
it was once ranked 4th in terms of GDP per capita, dumbass.
Venezuela Before Chavez: A Prelude to Socialist Failure | José Niño
From the 1910s to the 1930s, the much-maligned dictator Juan Vicente Gómez helped consolidate the Venezuelan state and modernized an otherwise neocolonial backwater by allowing market actors, domestic and foreign, to freely exploit newly discovered oil deposits. Venezuela would experience substantial economic growth and quickly establish itself as one of Latin America’s most prosperous countries by the 1950s.
In the 1950s, General Marcos Pérez Jiménez would continue Gómez’s legacy. At this juncture, Venezuela was at its peak, with a fourth place ranking in terms of per capita GDP worldwide.
More Than Just Oil
While oil exploitation did play a considerable role in Venezuela’s meteoric ascent from the 1920s to 1970s, this only scratches the surface in explaining how Venezuela became so prosperous during this period. A combination of a relatively free economy, an immigration system that attracted and assimilated laborers from Italy, Portugal, and Spain, and a system of strong property rights, allowed Venezuela to experience unprecedented levels of economic development from the 1940s up until the 1970s.
From Richer to Poorer: Venezuela's Economic Tragedy Visualized
You have ridiculous propaganda for every need, Super Duper. Venezuela did fine under Hugo Chavez until George W bush wrecked the world economy.