I live in India, and you can find youngsters supporting Communist party in every nook and corner. They can be recognized instantly. Will be high on weed most of the time and will be wearing red headbands and Che-Guevara t-shirts. They believe that it is cool to insult the army and shout anti-national slogans. Previously this disease was limited to some of the smaller states such as Kerala and West Bengal, but now it has spread to the larger states as well. And the funny thing is that India has never witnessed communist rule. The CPI never managed to get more than 5% of the total seats in parliament at any time after the independence.
Lol! It seems to me that the same thing is happening around the world.
hyperinflation is characteristic of communist countries
If you are trying to make a general point that hyperinflation occurs exclusively in communist states, and is an inevitability, then this statement is misleading and untrue.
Certainly, +1 on that. Again, not a defender of communism as a viable and likeable way of governing and tbh I do not think Venezuela is truly communist. But, beyond that, you will certainly admit that Erdogan is not a communist leader precisely, and you may see how the Turkish Lira is in hyperinflation. A few countries in Africa y, this is me guessing, Afghan currency are on the same path and none of these could be classed as communist regimes.
Inflation is a hidden tax from an irresponsible government to their citizens.
No, actually I didn't say it was only exclusive to communist countries, but if you look at where hyperinflation has occurred, it is not usually in countries that practice strict austerity in public spending and have a small state. On the contrary, they are states that spend and spend and spend. Italy would be an example. Before joining the euro, it also removed 0s, and it was not strictly communist but it had a state and a much larger state public expenditure than Germany, for example.
I'm going to leave the thread open a bit longer and I will lock it, because it is already drifting into discussion about communism in general. If someone wants to, they can open another one.