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Originally Posted by host
....and powerclown and ace post that "the bad people", are the ones who have brought about this transformation:
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For the record I have not made a comment on people being good or bad relative to Chavez or his policies supported by the majority in Venezuela. I simple don't agree with Chavez and his approach to managing the Venezuelan economy.
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Yet powerclown and ace post no sign that they are concerned about the impending and seemingly unavoidable US dollar and domestic economy "train wreck" trend that is the exact opposite of the trend that the Venezuelan people, led by Mr. Chavez, a leader who appears to be executing in a way that demonstrates talent and ability that we in the US can only envy.
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The issues facing the US economy are worthy of a different thread. I don't want to be falsely accused of another thread hijack.
I have posted data concerning some disturbing issues facing the Venezuelan economy. If you choose to ignore it and focus on what appears to be short-term gains, that is your choice. A country exporting millions of barrels of oil per day, when oil prices are at historical highs should be doing well. The question is - can they sustain the conditions created by the windfall over the past few years.
It is interesting - When Exxon-Mobil makes "windfall" profits under the current market conditions it is a problem in the liberal mind.
When a centralized economy like in Venezuela makes "windfall" profits from a capitalist international economy, the liberal mind sees it as an example of how socialism is better than capitalism.
I see profits as profits, and in the longterm a significant share of those profits have to go back into capital investment or the future of ongoing profits is at risk.
The liberal mind seems to be very short-term oriented.