Quote from: stompix on April 02, 2019, 08:11:56 PM

Copper exports make 50% of Chile exports.
Argentina is experiencing the second inflation in South America and 5th in the world at around 40%.
Uruguay went this decade alone through two crisis and relies on exports of raw material and food also. Manufactured products...not that much.

50% copper vs 90% oil...
40% inflation vs 1,000,000% inflation...
You didn't mention Brazil, or the rest of South America...

Quote from: stompix on April 02, 2019, 08:11:56 PM

The country has nothing left, no industry, no power, no food no nothing.
Oh wait, my computer is made in Venezuela, my laptop is made in Venezuela, my car is made in Venezuela /sarcasm
You're from Venezuela, right?
If you still have industry and agriculture and tourism why is this inflation going through the roof?

Do you even know where that inflation comes from? Are you REALLY asking this in the economics area?

What did Germany had at the time of Ludwig Erhard? And what did they do to become what they are today? What makes you think Venezuela can't restart its economy, or that there aren't several investors waiting for Maduro to leave?

Actually all three products you mention do exist "made in Venezuela", but that is off topic. Indeed your ignorance is boundless. Hint: Siragon.

Socialism destroyed the economy, and most industries stopped. What is needed for them to return? a free market economy. Good economy = more income from taxes, simple. And to boost it lower the taxes in key areas, this brings even more income from those taxes. Why can't you understand something this simple or call it "socialism"? A smaller State doesn't need a huge budget anyway, that is the point of selling the State owned companies.

Its not the State that needs money, its the people, and they get it when the economy becomes free and they can work and start business again.

Quote from: stompix on April 02, 2019, 08:11:56 PM

Norway (which is not socialist btw) has a state-owned oil company.
And they are doing pretty fine with it and have no plans on selling it, why?
Because unlike you people they are used to think two steps ahead and not only with the stomach.

What are you going to do once the money from selling PDSVA will run out?
Oh, you're going to tax the hell out of the ones you sold the company to. Doesn't this sound a bit socialist to you? A bit more?

Very well no taxes, because taxes are socialism... NOT. Actually the Kingdom of Norway considers itself a Welfare State... Incidentally their Oil accounts only for 33% of their exports...

You alone came with this "tax the hell out of it" nonsense, you seem to ignore the century this country had foreign oil companies working and getting taxed as almost everybody else does in the world.

Chavez did not nationalize the oil industry, it was done by Perez in 1976. Again, get your facts right...