Not communism: The real cause of hyperinflation in Venezuela

[jaysabi]

It's a combination of socialism and corruption of their government and over reliance to oil that has caused this hyperinflation that they have been experiencing now and if the leaders of this country invested on infrastructures like hospitals, schools and other public infrastructure then we would've seen something different, they got too complacent that they didn't expect oil to go down in prices.

I doubt the particular form of government in Venezuela is the one primarily causing the economy and the entire country, so to speak, to crumble down. Venezuela is not even truly a socialist country. The problem, of course, is a lot more complicated than it may seem, but I guess it is mainly the government's mismanagement that led to the country's failure. Of course, too much reliance on oil is just one big failure representing mismanagement. That's basically a lack of foresight on the part of the government's experts.

Venezuela is definitely a socialist country.  It is run by the United Socialist Party of Venezuela, governs the economy with socialist objectives, and has nationalized private businesses in the name of socialism (and then proceeded to run those industries into the ground through cronyism and general incompetence, particularly the oil industry).  Prices are set by the government in Venezuela, another classic hallmark of socialism.  There is no way you can look at the government and conclude it's not socialist. 

Well, Venezuela is as socialist as China is a communist, which means it is only as they claim. One of the most basic tenet of socialism is that all members of the society are to fairly benefit from the proceeds of the economy. That is definitely not the case with Venezuela.

Socialism was an attractive system which served as an alternative to the growing monopoly and exclusivity of a few privileged members of society during the Industrial Revolution.

In essence, Venezuela is not a socialist country. It is what a failed socialism looks like.

Economic equality is always the promise, it's never the outcome.  That leaves Venezuela as a perfect example of a socialist state in practice.  To try and argue that it's not "socialism" because it didn't achieve the impossible promise that socialists make is to ignore the fact that this is exactly what socialism looks like in the real world because it's not a workable economic model.  Venezuela is the perfect example of socialism's failures because it is the quintessential socialist state.

[1714266181]

1714266181

[Darker45]

It's a combination of socialism and corruption of their government and over reliance to oil that has caused this hyperinflation that they have been experiencing now and if the leaders of this country invested on infrastructures like hospitals, schools and other public infrastructure then we would've seen something different, they got too complacent that they didn't expect oil to go down in prices.

I doubt the particular form of government in Venezuela is the one primarily causing the economy and the entire country, so to speak, to crumble down. Venezuela is not even truly a socialist country. The problem, of course, is a lot more complicated than it may seem, but I guess it is mainly the government's mismanagement that led to the country's failure. Of course, too much reliance on oil is just one big failure representing mismanagement. That's basically a lack of foresight on the part of the government's experts.

Venezuela is definitely a socialist country.  It is run by the United Socialist Party of Venezuela, governs the economy with socialist objectives, and has nationalized private businesses in the name of socialism (and then proceeded to run those industries into the ground through cronyism and general incompetence, particularly the oil industry).  Prices are set by the government in Venezuela, another classic hallmark of socialism.  There is no way you can look at the government and conclude it's not socialist.  

Well, Venezuela is as socialist as China is a communist, which means it is only as they claim. One of the most basic tenet of socialism is that all members of the society are to fairly benefit from the proceeds of the economy. That is definitely not the case with Venezuela.

Socialism was an attractive system which served as an alternative to the growing monopoly and exclusivity of a few privileged members of society during the Industrial Revolution.

In essence, Venezuela is not a socialist country. It is what a failed socialism looks like.

Economic equality is always the promise, it's never the outcome.  That leaves Venezuela as a perfect example of a socialist state in practice.  To try and argue that it's not "socialism" because it didn't achieve the impossible promise that socialists make is to ignore the fact that this is exactly what socialism looks like in the real world because it's not a workable economic model.  Venezuela is the perfect example of socialism's failures because it is the quintessential socialist state.

Socialism is a theoretical system where there's a significant degree of equality. As such, Venezuela is not its practice. You cannot make Venezuela a representation of something it failed to achieve. Venezuela does not reflect socialism as it is. Why? Perhaps because, more than anything else, such a utopian view couldn't be translated into reality. Socialism proposes a certain kind of an ideal state which is next to impossible to implement in the human world.

We could consider it that the failure of socialism is that it is too ideal to reify. And the failures of Venezuela and all states which attempted to seek its implementation is to miss that most fundamental point, to be so naïve as to try make a heaven on earth.

[DrBeer]

Socialism is a theoretical system where there's a significant degree of equality. As such, Venezuela is not its practice. You cannot make Venezuela a representation of something it failed to achieve. Venezuela does not reflect socialism as it is. Why? Perhaps because, more than anything else, such a utopian view couldn't be translated into reality. Socialism proposes a certain kind of an ideal state which is next to impossible to implement in the human world.

We could consider it that the failure of socialism is that it is too ideal to reify. And the failures of Venezuela and all states which attempted to seek its implementation is to miss that most fundamental point, to be so naïve as to try make a heaven on earth.

If we talk about "Soviet socialism", and there is such a branch of "development" of socialism, then this is an idea close to utopia. Close but not yet utopia. The problem of "Soviet socialism" was in a rather attractive idea (general equality, high social standards, etc.) and disgusting implementation practice. First of all, the problem of the economic direction is the idiotic system of planning the economy and managing the work of state-owned enterprises (private business is absent as a class in this model). The second problem is "you won't go far with one idea." The people did not want to "wait" but already today, well, at most tomorrow, to enjoy the fruits of socialism. But there were still no fruits, and instead of them they offered low-quality products and low incomes of the majority of the population ... Therefore, even the enthusiasts of "building socialism" very soon gave up ... And then oil became cheaper ...
But if you look in the direction of the real manifestations of socialism, then it can be seen in some European countries. High social standards, guarantees, legality, education, medicine and much more that personified socialism!
 
PS you still haven't read nonsense about communism That's where the real utopia or heavy nonsense ...

[The Ghoul]

And no one says that the problem of Venezuela is communism and Maduro's stupid head!

Obviously someone said that, I will write a topic to respond:Enjoy comunism: Venezuela raises monthly minimum wage to $2.40

I think that in order to realize communism, we must first improve productivity. Imagine that when science and technology are very advanced, if we can complete a lot of work with very little labor, then capitalists will inevitably dismiss a large number of workers in order to increase profits. Then how to solve the workers’ lives is a problem.

[DrBeer]

And no one says that the problem of Venezuela is communism and Maduro's stupid head!

Obviously someone said that, I will write a topic to respond:Enjoy comunism: Venezuela raises monthly minimum wage to $2.40

I think that in order to realize communism, we must first improve productivity. Imagine that when science and technology are very advanced, if we can complete a lot of work with very little labor, then capitalists will inevitably dismiss a large number of workers in order to increase profits. Then how to solve the workers’ lives is a problem.

Read the works of the classics of communism. If we discard beautiful words, slogans and sophisticated values, then it all boils down to the fact that society should be unified in everything - desires, tastes, needs, while having low requirements for the standard of living and security, and most importantly, everyone should unquestioningly adhere to a single idea , always, in everything. In a word, the ideal citizen of the "communist paradise" is essentially a vegetable without his own opinion, goals, desires, absolutely obeying the list of requirements for him ...

[Darker45]

Socialism is a theoretical system where there's a significant degree of equality. As such, Venezuela is not its practice. You cannot make Venezuela a representation of something it failed to achieve. Venezuela does not reflect socialism as it is. Why? Perhaps because, more than anything else, such a utopian view couldn't be translated into reality. Socialism proposes a certain kind of an ideal state which is next to impossible to implement in the human world.

We could consider it that the failure of socialism is that it is too ideal to reify. And the failures of Venezuela and all states which attempted to seek its implementation is to miss that most fundamental point, to be so naïve as to try make a heaven on earth.

If we talk about "Soviet socialism", and there is such a branch of "development" of socialism, then this is an idea close to utopia. Close but not yet utopia. The problem of "Soviet socialism" was in a rather attractive idea (general equality, high social standards, etc.) and disgusting implementation practice. First of all, the problem of the economic direction is the idiotic system of planning the economy and managing the work of state-owned enterprises (private business is absent as a class in this model). The second problem is "you won't go far with one idea." The people did not want to "wait" but already today, well, at most tomorrow, to enjoy the fruits of socialism. But there were still no fruits, and instead of them they offered low-quality products and low incomes of the majority of the population ... Therefore, even the enthusiasts of "building socialism" very soon gave up ... And then oil became cheaper ...
But if you look in the direction of the real manifestations of socialism, then it can be seen in some European countries. High social standards, guarantees, legality, education, medicine and much more that personified socialism!
 
PS you still haven't read nonsense about communism That's where the real utopia or heavy nonsense ...

All kinds of socialism have been developed since then. I am not familiar with them. Neither am I interested. The devil is in the details. However good the intentions of socialism may be, the implementation would always be topsy-turvy.

Anyway, I read Marx's Das Kapital way back in college. I even wrote papers on labor or productivity from it. I cannot remember much about it now but I am still carrying in me those which I agree. Generally, I'm in awe of how Marx held labor with very high regard to the point of calling it the actualization of man. However, again, all attempts to translate the theory into reality are sad failures.

[timerland]

The real cause is something that everyone knows and largely ignores - which is that a fiat based system is simply not sustainable.

And this is not just something that is seen in Venezuela. This has happened in many countries including Zimbabwe, Germany, Argentina, Italy etc. Imprudent policymakers plus the arbitrariness of money printing is the root cause of hyperinflation.

Makes sense that BTC adoption is increasing over there. People are waking up to the truth.

[DrBeer]

Socialism is a theoretical system where there's a significant degree of equality. As such, Venezuela is not its practice. You cannot make Venezuela a representation of something it failed to achieve. Venezuela does not reflect socialism as it is. Why? Perhaps because, more than anything else, such a utopian view couldn't be translated into reality. Socialism proposes a certain kind of an ideal state which is next to impossible to implement in the human world.

We could consider it that the failure of socialism is that it is too ideal to reify. And the failures of Venezuela and all states which attempted to seek its implementation is to miss that most fundamental point, to be so naïve as to try make a heaven on earth.

If we talk about "Soviet socialism", and there is such a branch of "development" of socialism, then this is an idea close to utopia. Close but not yet utopia. The problem of "Soviet socialism" was in a rather attractive idea (general equality, high social standards, etc.) and disgusting implementation practice. First of all, the problem of the economic direction is the idiotic system of planning the economy and managing the work of state-owned enterprises (private business is absent as a class in this model). The second problem is "you won't go far with one idea." The people did not want to "wait" but already today, well, at most tomorrow, to enjoy the fruits of socialism. But there were still no fruits, and instead of them they offered low-quality products and low incomes of the majority of the population ... Therefore, even the enthusiasts of "building socialism" very soon gave up ... And then oil became cheaper ...
But if you look in the direction of the real manifestations of socialism, then it can be seen in some European countries. High social standards, guarantees, legality, education, medicine and much more that personified socialism!
 
PS you still haven't read nonsense about communism That's where the real utopia or heavy nonsense ...

All kinds of socialism have been developed since then. I am not familiar with them. Neither am I interested. The devil is in the details. However good the intentions of socialism may be, the implementation would always be topsy-turvy.

Anyway, I read Marx's Das Kapital way back in college. I even wrote papers on labor or productivity from it. I cannot remember much about it now but I am still carrying in me those which I agree. Generally, I'm in awe of how Marx held labor with very high regard to the point of calling it the actualization of man. However, again, all attempts to translate the theory into reality are sad failures.

The main problem of attempts to realize socialism / communism is that, under the guise of, in fact, good ideas, some of the most bastard regimes in the history of mankind were realized. As a result, theoretically human-loving ideologies and concepts degenerated into monsters that destroyed tens of millions of people, and hundreds of millions were forced to live like animals, depriving the past, present and future ...
In a word - theory and implementation turned out to be diametrically opposed

[LUCKMCFLY]

And no one says that the problem of Venezuela is communism and Maduro's stupid head!

Obviously someone said that, I will write a topic to respond:Enjoy comunism: Venezuela raises monthly minimum wage to $2.40

I think that in order to realize communism, we must first improve productivity. Imagine that when science and technology are very advanced, if we can complete a lot of work with very little labor, then capitalists will inevitably dismiss a large number of workers in order to increase profits. Then how to solve the workers’ lives is a problem.

Read the works of the classics of communism. If we discard beautiful words, slogans and sophisticated values, then it all boils down to the fact that society should be unified in everything - desires, tastes, needs, while having low requirements for the standard of living and security, and most importantly, everyone should unquestioningly adhere to a single idea , always, in everything. In a word, the ideal citizen of the "communist paradise" is essentially a vegetable without his own opinion, goals, desires, absolutely obeying the list of requirements for him ...

Communism is a current that in fact will deviate at some point, I know that there are different types of communism, and I do not see that people who live in communism live happily, it is always with the desire to leave that country where it occurs the style of government, not to mention that the worst of all models is that of Venezuela, where opportunities are taken away from at least 90% of university professionals, and from all people, without exception.

The communism that I see that works in a not so bad percentage is that of China and Russia, but in the same way they look for a way to have a better life, each of those countries has many limitations, I will never support any type of communism, because I am sure that I will not see something positive, no matter where it comes from, since they kidnap all the freedoms of people and it is only valid that their main presidents dictators and dictatorial systems dictate mercerd, I do not see possible happiness there.

[wack slacker]

I agree with OP's point. Communism was not to blame for Venezuela's downfall, and the country was only just turning to communism.
Their economy collapsed because they did not control the black market currency rate. That is the cause of the collapse of the national currency.

[DrBeer]

Communism is a current that in fact will deviate at some point, I know that there are different types of communism, and I do not see that people who live in communism live happily, it is always with the desire to leave that country where it occurs the style of government, not to mention that the worst of all models is that of Venezuela, where opportunities are taken away from at least 90% of university professionals, and from all people, without exception.

The communism that I see that works in a not so bad percentage is that of China and Russia, but in the same way they look for a way to have a better life, each of those countries has many limitations, I will never support any type of communism, because I am sure that I will not see something positive, no matter where it comes from, since they kidnap all the freedoms of people and it is only valid that their main presidents dictators and dictatorial systems dictate mercerd, I do not see possible happiness there.

Communism in Russia Are you seriously In Russia for a couple of decades, power is a mixture of state banditry (in relation to internal subjects) and state terrorism in relation to the outside world!
Not about any "searches to improve people's lives" there! You know, for example, that in Russia, which is the leader in gas supplies, about 60% of residential buildings are not supplied with gas! You know that in a country that should be one of the richest, according to official figures alone, 13% of the population lives below the poverty line! And according to unofficial ones - more than 40%. The debt burden of the population is growing steadily after 2014, more than 40% of the working-age population cannot pay off debts in the short term (these are already overdue debts), the overdue debt of able-bodied Russians is more than 20 trillion rubles, and this is an average of about 18-20 monthly wages! Another 20% of the working-age population are "chronic" non-payers of loans.
The retirement age was recently raised as the pension fund tends to zero, and so beggarly pensions lag behind rising inflation every year.
You know that in 20 years, almost 50% of schools and hospitals in Russia have been destroyed, but the number of churches of the ROC sect (the so-called "Russian Orthodox Church" point of view of the network itself) ...
In a word, don't read the state and state-controlled, Russian media are all "fairy tales and fantasies"
To be convinced of this - just look at the official data of Rosstat!


And if we talk about communism - even in theory there are no words about the growth of the standard of living of citizens, as about the goal or consequence of some kind of action, there the main concept is limiting self-regulation and limiting any freedoms - from the choice of style and color of clothing, to the right to demand changes, and by itself a limitation on the influence on power! Everyone should be the same, everything should be the same, everyone should be happy about the same thing!

[LUCKMCFLY]

Communism is a current that in fact will deviate at some point, I know that there are different types of communism, and I do not see that people who live in communism live happily, it is always with the desire to leave that country where it occurs the style of government, not to mention that the worst of all models is that of Venezuela, where opportunities are taken away from at least 90% of university professionals, and from all people, without exception.

The communism that I see that works in a not so bad percentage is that of China and Russia, but in the same way they look for a way to have a better life, each of those countries has many limitations, I will never support any type of communism, because I am sure that I will not see something positive, no matter where it comes from, since they kidnap all the freedoms of people and it is only valid that their main presidents dictators and dictatorial systems dictate mercerd, I do not see possible happiness there.

Communism in Russia Are you seriously In Russia for a couple of decades, power is a mixture of state banditry (in relation to internal subjects) and state terrorism in relation to the outside world!
Not about any "searches to improve people's lives" there! You know, for example, that in Russia, which is the leader in gas supplies, about 60% of residential buildings are not supplied with gas! You know that in a country that should be one of the richest, according to official figures alone, 13% of the population lives below the poverty line! And according to unofficial ones - more than 40%. The debt burden of the population is growing steadily after 2014, more than 40% of the working-age population cannot pay off debts in the short term (these are already overdue debts), the overdue debt of able-bodied Russians is more than 20 trillion rubles, and this is an average of about 18-20 monthly wages! Another 20% of the working-age population are "chronic" non-payers of loans.
The retirement age was recently raised as the pension fund tends to zero, and so beggarly pensions lag behind rising inflation every year.
You know that in 20 years, almost 50% of schools and hospitals in Russia have been destroyed, but the number of churches of the ROC sect (the so-called "Russian Orthodox Church" point of view of the network itself) ...
In a word, don't read the state and state-controlled, Russian media are all "fairy tales and fantasies"
To be convinced of this - just look at the official data of Rosstat!


And if we talk about communism - even in theory there are no words about the growth of the standard of living of citizens, as about the goal or consequence of some kind of action, there the main concept is limiting self-regulation and limiting any freedoms - from the choice of style and color of clothing, to the right to demand changes, and by itself a limitation on the influence on power! Everyone should be the same, everything should be the same, everyone should be happy about the same thing!

Well, I cannot discuss anything about it, really what the people live internally is something else, nothing to do with what is shown in the media, the figures that they handle I fully trust them, something similar happens in Venezuela, although I think Venezuela is much more destroyed and they don't know how to get out of it. In this sense, I think that everything that is said in the media is only the tip of the Iceberg, there are many things that many do not know, those who best describe the situation are the people who live in the internal system, that is where the It is true of everything and I am sure that there are still many more things that are ignored and that obviously are not made known.

[DrBeer]

Well, I cannot discuss anything about it, really what the people live internally is something else, nothing to do with what is shown in the media, the figures that they handle I fully trust them, something similar happens in Venezuela, although I think Venezuela is much more destroyed and they don't know how to get out of it. In this sense, I think that everything that is said in the media is only the tip of the Iceberg, there are many things that many do not know, those who best describe the situation are the people who live in the internal system, that is where the It is true of everything and I am sure that there are still many more things that are ignored and that obviously are not made known.

I took upon myself the right to write such information, tk. I am a former citizen of the USSR, I have relatives living in Russia, I often traveled to Russia itself and saw it from our borders to Kamchatka, and this data, which I spoke about, is not from the media but from personal observations, plus information from open sources ... This is what is happening in Venezuela - I can only speculate, based on information from open sources, history, recorded facts