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thepeel
Joined: 08 Aug 2004
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 Posted: Tue Dec 04, 2007 11:25 pm Post subject: |
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| blade wrote: |
| thepeel wrote: |
M3 (money supply) growth is way out of line with gdp growth. This is a very bad sign for the near future in that country. |
Take a look at other western economies and then tell me that they are doing something different?
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But again, you get what you vote for. I feel absolutely not sympathy for them. |
I'm sure they'll get on o.k with your support
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How could you look at the last 100 years of human history and think *beep* socialism is the answer. |
Because you might have grown up in south America in the 80's and seen what a disaster uncontrolled capitalism was for the region.
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Venezuela is going to have massive, hyper, horrible inflation in the very near future. Chavez will find his days numbered unless he violently suppresses the coming protests. |
Here's an idea instead of countries such as the US helping to fund the opposition on it's never ending quest to bring the Venezuelan economy to it's knees just because the Venezuelans run their country their own way perhaps the US could at least stop and let them work things out for themselves. Many south American countries made themselves bankrupt trying to follow what so called economic experts told them to do.
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1) I just so happen to have the numbers at my fingertips.
2) I agree.
3) Latin America was/is not capitalist but corporatist. With very little exception, Latin America has been a region run by individuals who behave more like gangsters than businessmen or politicians. There are many reasons for this. Read Hernando de Soto.
4) I agree. Let them fester and then point to them as an example of what not to do. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Dec 09, 2007 7:26 pm Post subject: |
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The wind goes out of the revolution
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Take, for example, a model collective farm near the village of Buenos Aires in the coastal plain of Barlovento, an area with a large black population east of Caracas. Set up in 2002, it looks like a neat suburban estate, its one-storey houses for 144 families grouped in 12 circular cul-de-sacs. Three tractors, from China and Iran, are parked nearby. But farming the project's 108 hectares (267 acres) �did not go as we wanted�, says Jacobo Pacheco, one of the community's leaders, with quiet understatement.
Mr Pacheco, who is 62 and whose red beret has an image of Che Guevara, says he continues to support Mr Ch�vez. But he paints a devastating picture of government mismanagement. Agronomists from the National Lands Institute (INTI), which is responsible for the project, advised the collective's farmers to plant half a dozen different fruits; all but the lemons failed, either because the land was unsuitable or because of defects in the irrigation system. The water supply to the houses has been cut off because a pump doesn't work. None of six promised workshops, providing training and employment in carpentry, metalworking and the like, has been built. The local branch of Mercal, the government's subsidised supermarket chain, has been closed for the past year.
The farm's members have to take outside work to make ends meet. Mr Pacheco says that collective farming doesn't suit Venezuelans. He wants INTI to divide the land into individual plots. He has other grievances, too. When invited to an exhibition about the project at the presidential palace he saw pictures and plans of the houses, showing that they should have been equipped to a higher standard. He has seen receipts for the household equipment and says that between them the officials and supplier involved pocketed 1 billion bol�vares ($465,000).
This story rings true. Many government projects are either misconceived, or unfinished, or both |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Dec 10, 2007 11:16 pm Post subject: |
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He can and will do much damage to that nation by 2013. Maybe he will then be followed by a right-wing strong man who will trash the economy more. He will then be followed by a left wing strongman. etc etc etc.
Latin America's future will look much like her past. |
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