Venezuela is doomed!

Nationalisation is pretty much a bad move. I can't think of a single time where it has actually worked out for the benefit of the country. Could have happened in the past but I can't recall any examples.
 
porchrat said:
Nationalisation is pretty much a bad move. I can't think of a single time where it has actually worked out for the benefit of the country. Could have happened in the past but I can't recall any examples.
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Me neither.
In theory it could work? Maybe a long time ago when there were still gentlemen in politics that actually cared about the well-being of their country and had pride in it, but nowadays the less Government has to say over private enterprise the better.
Our Government could not even heed what Eskom told them in 1998 that by 2008 we would run out of capacity, instead they flipping went and placed a moratorium on the building of new capacity?! If Eskom is the measure of how a public entity is run by Government then heaven help us all. I don't suspect much better in Venezuela. If it wasn't for the Oil in Venezuela I doubt they would be making so much noise.
 
I thought it was philosophical in the sense that it is socialist vs capitalist, which is a philosophical argument
 
There should be an International based School for potential Politicians and Presidents which sets a common standard of learning and psychological evaluation.
Only once you have passed would you be eligible to even stand for office. This should help route out idiots and psychopaths.

Of course it will never happen.
 
BTTB said:
Me neither.
In theory it could work? Maybe a long time ago when there were still gentlemen in politics that actually cared about the well-being of their country and had pride in it, but nowadays the less Government has to say over private enterprise the better.
Our Government could not even heed what Eskom told them in 1998 that by 2008 we would run out of capacity, instead they flipping went and placed a moratorium on the building of new capacity?! If Eskom is the measure of how a public entity is run by Government then heaven help us all. I don't suspect much better in Venezuela. If it wasn't for the Oil in Venezuela I doubt they would be making so much noise.
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I think socialism works in theory but it discounts one critical component: human nature.

We have an inherent desire to be rewarded for our labour. I am not going to work if (A)I am not going to be rewarded proportionately for the value of my labour and (B)not working carries no real penalty because the state supplies me with things regardless of employment.

Socialism doesn't reward progress and hard work. This IMO is the core problem with it.
 
BTTB said:
There should be an International based School for potential Politicians and Presidents which sets a common standard of learning and psychological evaluation.
Only once you have passed would you be eligible to even stand for office. This should help route out idiots and psychopaths.

Of course it will never happen.
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I like that idea.

Lord Anubis said:
I almost got crazy happy exited! I read Vuvuzela is doomed not Venezuela :)
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LOL
 
Ha ha ha this just illustrates the current South African mindset! It took three looks before I also realised it was not the vuvuzela! :)
 
LancelotSA said:
Ha ha ha this just illustrates the current South African mindset! It took three looks before I also realised it was not the vuvuzela! :)
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lol, i was about to post the exact same thing. I couldn't work out how Chavez nationalizing the vuvuzela would cause its doom. :D

edit// Btw, this only lasted a few seconds.
 
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LancelotSA said:
Ha ha ha this just illustrates the current South African mindset! It took three looks before I also realised it was not the vuvuzela! :)
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I also was like huh? They abnned it now??

Historically, I think the only country to get nationalising right, was Nazi Germany, almost every other country faailed.. If you elimate the greed and unproductive workforce, you actually can have a working system. But I doubt many country's can match German discipline
 
I have to admit also failing at reading... Vuvuzela... Venezuela... :( I was ecstatic for about 3 seconds...
 
I'm sure if Venezuela ends up in financial trouble because of this those big fans of Charvez over in Hollywood will bail him out.

We'll ignore how those good socialists made their obscene personal fortunes of course.....
 
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