This is why socialism docent work you eventually run out of other peoples money. There government has used taxpayer money to live way to high on the hog.
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This is why socialism docent work you eventually run out of other peoples money. There government has used taxpayer money to live way to high on the hog.
Absolutly right, might as well as bring in Madoff to run the country.
it worked in China, and then as their economy improved now they are becoming more capitalist. They should be socialist after this system collapse, wrong timing
China works on slave labor, with all due respect I have no use for their system and care not how profitable. The people there have no choice, hence no freedoms
It used to be like that. after the war the country was broke, so had no choice. But it's different now as the Chinese becomes richer, freedom is improving. Still no right to votes for elections though
Theres always a choice, we were broke after the depression, we did not advert to communism. I hope your right, though what i see is Christian churchs being broken down, moblie execution vans and suicide nets. China is communism, against freedom of conscience... Theres always a choice.
Yes those things did happen. What i meant was they didn't break down like Venezuela is right now. And i have visited China many times. I can see the living standard of the people are rising.
Good I hope only the best for China people's. Its only the higher ups and the knighthoods that work daily to disseminate the rights of a nations people. Theres a big plan for China much like Germany before WW2 and i hope it will never come fully into fruition. Glad we can share each otgers views.
Venezuela has a lot to teach us about socialist political parties, but Venezuela's failings are not because they "ran out of other people's money". That is a US conservative platitude, and 99% of the time it is wrong.
Venezuela is instead suffering from numerous harmful conditions, including
Dutch disease. Venezuela has fallen into a classic resources trap, where an abundance of oil has stifled investment in a diverse manufacturing base. https://en.wikipedia.org/wiki/Dutch_disease
The political powers that be, the PSUV, have tied social mobility and privilege to party loyalty. This has created a political class resistant to rule of law, and unresponsive to pressure from the population.
The Venezuelan military, the kingmakers, make vast profits from drug and smuggling industries. They will stifle any political opposition that threatens this revenue stream. The PSUV price controls fuelling the smuggling directly benefit the military, to the detriment of the population.
Etc. etc.
Other countries regularly "spend other people's money" and fare consistently well in quality of life indices.