71–80 of 148 posts
The baffling thing about this is the vast oil wealth the country controls. Its oil reserves are the largest in the word, yet its economy lies in shambles. That takes some serious mismanagement.
The world still notices. I've recently seen a number of articles about the protests and the opposition leader Juan Guaido. In fact the New York Times published an op-ed piece by him fairly recently.
Unfortunately, the population accepted a gun ban back in 2012.
The world still notices. I've recently seen a number of articles about the protests and the opposition leader Juan Guaido. In fact the New York Times published an op-ed piece by him fairly recently.
isnt this what happened with collusion as well? oh yeah https://taibbi.substack.com/
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Getting a lot of downvotes for this comment, but could someone please explain where I'm going wrong? A lot of people think the way I do, so it would be helpful to explain. A country with a bright future just a couple decades ago experienced a truly remarkable decline after a socialist was elected. I'm sure there are other factors, but surely this is going to be seen as yet another failure of socialism. Whether this i…
I think your questions are triggering that emotional response.
The baffling thing about this is the vast oil wealth the country controls. Its oil reserves are the largest in the word, yet its economy lies in shambles. That takes some serious mismanagement.
https://www.forbes.com/sites/rrapier/2019/01/29/charting-the...
When they have power, Bitcoin has been a solution for wealth preservation and capital movement given their pariah status with western banks and the never ending destruction of their currency. When the dust clears and capitalism is restored, there will be a fascinating case study on this development.
Hopefully when Bitcoin-Core transaction fees reach $30 again like they did in December 2017, the common Venezuelan people will be able to afford the $60 overhead ($30 opening fee and $30 reserve needed to close the channel in case of counterparty fraud) to open a Lightning Network channel, or simply switch to a more scalable cryptocurrency.
Unfortunately, the population accepted a gun ban back in 2012.
The world could always halt sanctions: the source of the problems.
Earlier quoted context omitted.
They have the support of the military forces. So rioting doesn't work. It just gets you killed on the street with no repercussions for the government. Also, the word "leader" implies that this is a legitimate democracy, which is not. Venezuela has an authoritarian corrupt government at best, a dictatorship at worst.
A wise leader once said: All things grow out of the barrel of a gun. According to the Marxist theory of the state, the army is the chief component of state power. Whoever wants to seize and retain state power must have a strong army.