Earlier quoted context omitted.
> Communist/Socialist Governments typically use such financial vehicles among many others to systematically remove and transfer some/most of their countries wealth into their own/friends coffers through various arrangements with financial institutions et al all the time. Oh, come on. Such activities happen the world and history over regardless of the ostensible public political veneer.
While all governments are funded by their citizen's wealth Communists almost always take it to the extreme. Read up on the aftermath of almost any communist takeover: currency exchanges, assets seizures, wage controls and/or outright murder of the former elite. The almost all the nations wealth is quickly transfered to the government/party/leaders. Socialists practice the same - just in moderation - but it is how all…
Re: Venezuela Refuses to Default, and Few People Seem to Understand Why
#141I'm not sure governments are funded by their citizenry, those citizens have to conduct commerce in the nation's currency and pay taxes in the same currency, which is solely issued by the government. It becomes more of a social relationship that way.