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by CryptoPunk
3195 days ago
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Venezuela's socialist policies made the entire economy dependent on the wisdom of the state. When the state erred, it meant a much more systemic collapse than would otherwise have happened. If the private sector had been allowed to retain a significant role in the economy, the economy would have had more decorrelated economic forces, which would have made a systemic collapse less likely. >>I'm not sure where you're getting the idea from other than the oft-repeated myth that Socialism is merely when the government "does stuff". When Venezuela's economic ministers say things like "the law of supply and demand is a lie" to justify price controls, I assume it's motivated by their socialist ideology, and blame the policy on that ideology. |
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They can't be very good Socialists then; Marx was a supporter of the law of supply and demand, and its functioning is extremely obvious to anyone familiar with the idea of markets, even without training. Marx didn't deny it nor did his contemporaries or predecessors.
>I assume it's motivated by their socialist ideology, and blame the policy on that ideology.
The North Korean statesmen have made disparaging remarks about democracy, but they claim to be democratic. Yet we would both agree not to blame democracy for what is happening in North Korea. Is there any evidence that Venezuela is actually implementing Socialist policy any more than the DPRK is implementing democratic policy?