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by macspoofing
3517 days ago
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You guys are using different definitions of socialism. Norway has a market economy with a strong welfare state. Venezuela follows a central planning model where the currency exchange rate and commodity prices are set and enforced by the government. What is happening to Venezuela is not surprising to anyone. It's Economics 101. The fix is to give up control and let prices float freely. It will be painful in the short-term, because they dug themselves into this hole, but it will get better. |
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