Post
Topic
Board Economics
Re: Could Bitcoin Smash Socialism in Venezuela?
by
bitmover
on 22/02/2021, 12:21:49 UTC
My main issue is the tendency many have to attribute policy in venezuela solely to Nicolas Maduro. Circumstances in venezuela appear to be determined partly by international support venezuela receives from special interests and communist/socialist regimes like cuba and china.

Not only Cuba and China, but Russia and even Brazil as well. Our former president, Lula, was openly socialist and he was very close to Madura and Chaves. For years Brazil was sustaining dying dictatorships


Look here:
https://noticias.uol.com.br/politica/ultimas-noticias/2018/03/27/brasil-liberou-r-23-bi-para-odebrecht-fazer-metro-na-venezuela-obras-comecaram-a-10-anos-e-estao-abandonadas-pela-metade-desde-2015.htm

Google translated:
Quote
Brazil released R $ 2.2 billion for Odebrecht subways in Venezuela; after 10 years, works are half done.
...
However, ten years after the beginning of the construction work performed by the Brazilian contractor Odebrecht with financing from BNDES (National Bank for Economic and Social Development), the 1.5 km stretch between the Bello Monte and Zona Rental stations (which connects with other subway lines in the Venezuelan capital) is the only one still functioning today.

...On Tuesday (20), UOL revealed that Venezuela stopped paying R $ 901 million, referring to part of the loans made with BNDES and other private banks due in January. US $ 130.9 million was contracted directly with BNDES and US $ 143.7 million with private creditors.



Back to OP question:
Bitcoin cannot save venezuela. But it can help some individuals, and even save a few of them.

Bitcoin is about individual freedom, not about a country freedom, or democracy.

Brazil is still suffering now from bad leaders decision. Bitcoin is what is making me sleep well, knowing that I am somehow "shielded" from money printing and other problems we have in developing countries.