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Venezuela’s Collapse Is the Worst Outside of War in Decades, Economists Say
nytimes.com ^ | 5/17/2019 | Anatoly Kurmanaev

Posted on 05/17/2019 11:44:14 AM PDT by rktman

click here to read article


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Yeah, I know the nytimes. Anyways, just think how much worse it would be of those awesome socialist policies hadn't been in place. Oh.
1 posted on 05/17/2019 11:44:14 AM PDT by rktman
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To: rktman

Looking forward to one of those new green deals to do the same to us.


2 posted on 05/17/2019 11:46:18 AM PDT by Mount Athos
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To: rktman

Repeat after me. There is nothing wrong with socialism. It is just being applied incorrectly. The next time will be different.

And if you disagree with that, we’ll shoot you the first chance we get.


3 posted on 05/17/2019 11:49:05 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: rktman
I wonder if Mikey's beloved Flint could learn from Venezuela?
4 posted on 05/17/2019 11:50:54 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966)
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To: Leaning Right

Well, barney and ‘sandy 0’ apparently know how to do it the right way this time.


5 posted on 05/17/2019 11:51:40 AM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: rktman
I skimmed the entire article looking for a root cause of this crisis. All I could learn is the United States caused it and made it a lot worse than it need be.
The crisis has been compounded by American sanctions intended to force Mr. Maduro to cede power to the nation’s opposition leader, Juan Guaidó. The Trump administration’s recent sanctions on Venezuela’s state oil company have made it difficult for the government to sell its main commodity, oil. Together with the American ban on trading Venezuelan bonds, the administration has made it harder for Venezuela to import any goods, including food and medication. Mr. Maduro blames the widespread hunger and lack of medical supplies on the United States and its opposition allies — but most independent economists say the recession began years before the sanctions, which at most accelerated the collapse.

“We are fighting a savage battle against international sanctions that have made Venezuela lose at least $20 billion in 2018,” Mr. Maduro told supporters in a recent speech. “They are pursuing our bank accounts, our purchases abroad of any products. It’s more than a blockade, it’s persecution.”

“This is essentially a total collapse in consumption,” said Sergi Lanau, deputy chief economist at the Institute of International Finance, a financial trade association.

Gee, I wonder why consumption collapsed. I guess all those Venezuelans decided simultaneously to stop buying electricity, clean water, food and toilet paper. If only they could be persuaded to start consuming again.
6 posted on 05/17/2019 11:51:40 AM PDT by ProtectOurFreedom
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To: rktman

Skeleton face palm. When your planned utopia fails epicly.

7 posted on 05/17/2019 11:52:59 AM PDT by DannyTN
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To: ProtectOurFreedom

Guess the failed to specifically name PDJT as the prime cause of the demise of Vena-zoo-ela? Regardless of any involvement or lack of same.


8 posted on 05/17/2019 11:53:15 AM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: rktman

Probably not good for the tourist trade in Cuba. Tourists don’t like to spend money to stand in line for toilet paper and they don’t like to eat rice or corn 7 days a week for breakfast lunch and dinner.


9 posted on 05/17/2019 11:54:02 AM PDT by 1Old Pro
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To: rktman

NYTimes is Captain Obvious.

The sky is blue.

People pay for that trash?


10 posted on 05/17/2019 11:55:14 AM PDT by TheNext (Democrats Gun Control Kills)
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To: ProtectOurFreedom

If Hillary, or Bernie had won in 2016 I was planning on stock piling toilet paper, and ammo for the guns I lost in a tragic boating accident.


11 posted on 05/17/2019 11:56:01 AM PDT by EvilCapitalist (It's Ok to be white.)
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To: rktman

Be patient, we just need to give socialism one more chance.


12 posted on 05/17/2019 11:57:55 AM PDT by Huskrrrr
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To: Huskrrrr

Of course the libs think they’ll be exempt from the ill effects because, well, they’re liberals dammit.


13 posted on 05/17/2019 11:59:45 AM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: rktman

Evidently this moron author never heard of Chairman Mao.

https://en.wikipedia.org/wiki/Mao_Zedong

Conversely, his regime has been called autocratic and totalitarian, and condemned for bringing about mass repression and destroying religious and cultural artifacts and sites. It was additionally responsible for vast numbers of deaths with estimates ranging from 30 to 70 million victims through starvation, prison labour and mass executions.[13][14]


14 posted on 05/17/2019 12:04:10 PM PDT by Responsibility2nd ( Import the third world and you'll become the third world.)
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To: Huskrrrr

Be patient, we just need to give socialism one more chance.

____________________________________

And Calizuela is just the Socialist State to take that chance.


15 posted on 05/17/2019 12:06:22 PM PDT by Responsibility2nd ( Import the third world and you'll become the third world.)
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To: rktman

Hey....Where’s the Pope? We haven’t heard from him about Venezuela lately. eck....what could the communist say?


16 posted on 05/17/2019 12:09:13 PM PDT by Sacajaweau
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To: Responsibility2nd
30 to 70 million? Some scholar estimates say the death toll from mass shootings, labor camps, the Great Leap Forward and the Great Proletarian Cultural Revolution could be as high as 100 million--and that may be a low estimate, too.
17 posted on 05/17/2019 12:17:45 PM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: rktman

And take notice what is in store for the USA at the direction we are heading.


18 posted on 05/17/2019 12:23:14 PM PDT by okie 54
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To: rktman

The same thing would have happened in Greece if they weren’t part of the EU.


19 posted on 05/17/2019 12:24:50 PM PDT by political1 (Love your neighbors)
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To: Mount Athos

Bernie ‘20!


20 posted on 05/17/2019 12:39:56 PM PDT by bgill (when you badmouth women, you are badmouthing your mama and the good women on FR)
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