Post
Topic
Board Economics
Re: Enjoy comunism: Venezuela raises monthly minimum wage to $2.40
by
Poker Player
on 03/05/2021, 07:21:56 UTC
The regime in Venezuela isn't communist.It's more like an authoritarian socialist,populist corrupt regime.
A real communist regime means 100% state owned command economy and I think that there's something like a private sector in the economy of Venezuela.
I wonder how Maduro and the government in Venezuela managed to survive for so long.Is it because of the support of the army and some weaponized "red militia"?I don't know.Politics in Latin America has always been weird and exotic.US sanctions have an impact over the hyperinflation in Venezuela.We can't put all the blame on Maduro. 
Anyway,when communism fails,the communists say that it wasn't "real communism". Grin

I would say that it is a populist, communist-inspired regime, and it is very communist today because over the years it has destroyed practically the entire private sector.


Also, is it really entirely coincidental that Venezeula has the world's largest oil reserves? The US does have some history of 'interest' in countries where they can steal the oil... consider for example the 600,000 violent deaths in Iraq following the 2003 invasion.



No, I don't think it's a coincidence. Just like I think the invasion of Iraq was done for oil.

Anyway, I think the tendency of the country to self-destruct would not have been much different even if there had been no US intervention. So we are quite in agreement.