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The same thing will come to Hungary in 5 years. Mark my words. Edit: who the hell actually downvotes without a response?
Mwahahahaha.
(Actually, it's the "Mark my words" thing. Makes you look a bit of an ass, old bean. Regardless of your being right or not.)
Earlier quoted context omitted.
>The plants would be built and operated by an outside company What are you, a capitalist? That won't work in Venezuela's current political climate.
Political climates tend to shift when people figure out that idealism won't fill their bellies or keep a roof over their heads.
A real life Ayn Rand story.
Ya, I'm a libertarian, and I find myself flinching a bit while reading Atlas Shrugged. What's even funnier, though, is seeing real life unfold in front of my eyes that matches it, almost so perfectly that you'd think the politicians were following it as a script!
It was staggering how perfectly the first third matches our current socioeconomic conditions, with the only difference in trajectory being the story having the productive rich bail out of society specifically to crash the "looters"' plans.
> there is only one word. Corruption The word I would use is Socialism. They are of course related.
and to emphasize, socialism is in fact quite well defined -- especially national socialism (e.g. the Nazi Party of Germany). Here's a good overview of what socialism is, broadly speaking: https://en.wikipedia.org/wiki/Socialism
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That's a good idea in the general case, but in the case of Venezuela would lead to disaster. Actually in Venezuela every power plant ends in disaster but disasters in nuclear plants have much more severe consequences.
Why would it be a disaster? The plants would be built and operated by an outside company - e.g Areva, Rosatom. And hydro power they have today is not reliable. So they would need to use coal or natural gas. And both of these pollute compared to nuclear.
I'm a huge fan of nuclear power, but I do tend to think it would be a bad idea in an unstable country.
It's hard to be a determined leftist nowadays. I moved off long ago. If you want better standards of living for people, it's high trust capitalism that's going to do it.
The same thing will come to Hungary in 5 years. Mark my words. Edit: who the hell actually downvotes without a response?
I'll do it once I get enough points to do it. Mwahahahaha. (Actually, it's the "Mark my words" thing. Makes you look a bit of an ass, old bean. Regardless of your being right or not.)
Earlier quoted context omitted.
I'm unfamiliar with that part of US history, can you provide me with a brief recap (or better yet, a link to an article) explaining how their creditors behaved like vulture funds? (edit: do you mean this? https://history.state.gov/milestones/1784-1800/loans ) This isn't about regular creditors, but about vulture funds, sovereign debt, ruining countries, and the never-ending cycle of incurring even more debt to pay fo…
After the Revolution, the US owed money to many including soldiers who served in the War. After a few years, it seemed like the payments would never be made, and speculators began buying up the debt at steep discounts. These speculators basically acted exactly like the "Vulture Funds" did in the Argentine situation. Many were naturally for paying what was due to soldiers, and against paying off the speculators who we…
However, am I right in thinking that, along with incurring new debt, Hamilton also recommended additional policies, such as taxation and protection of the industry? These are points of criticism of Argentina's new government: relaxation of import restrictions, and decreasing taxation of businesses and of exports from the wealthy agricultural sector.
Thats a really sad situation, but is common in some LATAM countries. In example, in Argentina there's an active "energetic crisis" plan [1], where government defined an scheduled program to cut electricity in cities to try to mitigate demand. [1] http://www.buenosairesherald.com/article/149949/power-cuts-i...
We have it in South Africa too. The official, political term for it is "load shedding".
Does the same happen in South Africa?
A real life Ayn Rand story.
Here's another: https://www.vice.com/read/atlas-mugged-922-v21n10 The eagerness of a different (but overlapping) libertarian cabal to court favor with the notoriously corrupt (and murderous) regime in Honduras to build their own version of paradise on the northern coast of that country (at the expense of the local Garífuna community) is also quite telling. Her legacy would seem to cut both ways, we might say.