The death of Venezuela

This is the price of crude oil. It used to be much higher around the start of the 2000s, peaking at about $140 a barrel.

This is about the time when Venezuela borrowed fuck tons of money from Russia and went full petro nation. They imported EVERYTHING and exported oil. They bought into the world economy. They bought into the peak oil meme. It worked great, until it didn't, because the price of oil sank. Because they had sacrificed almost everything economically to become a petro state and owed tons of money, Russia is now basically in the process of re-possessing the entire country.

Morale of the story : When central government puts all of its eggs in one basket, and central government controls the entire economy, this is what happens when central government fucks up.

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This is shale. Shale looks like a rock. It's not a rock. It's oil in rock form. If you can figure out how to process it, you get oil and a waste product called "natural gas". That's the WASTE product from refining shale oil... A combustable high energy gas... That can also be used for fuel. The U.S. mostly burned it off to get rid of it until we decided it would be smarter to just sell it to Mexico. This made the U.S. energy independent and will make Mexico boom. Not literally, economically, but occasionally literally cause gas leaks are a bitch. A fucking rock made the U.S. energy independent, meaning the largest consumer of oil in the world... Left the market. We'll start exporting some time in 2019. Suck it, world.

Oops, missed image.

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Maduro was demonised for refusing to apply the neoliberal programme of austerity, privatisation and deregulation. Venezuela is not fully Socialist but rather a mix. The private sector is in control of food distribution, pharmaceuticals, product imports and trade/sales, the media. Through hoarding of selected items, price speculation, keeping supermarket shelves empty and sending food shipments to neighbouring countries the manufactured scarcity creates chaos and discontent.

We are already exporting.

Redpilling and based.

This is tar sand. This is what Venezuela has the most of. Tar sand is shit. It's a fucking bitch to refine it to a usable level, but it DOES make a profit... When the price of oil is really high. When the price of oil drops, if all you have is shitty tar sand, no one wants to buy it because it's so expensive to refine. Again, this is mostly what Venezuela has in terms of oil. So now that the U.S. has left the oil market as a consumer... Do you think anyone will buy VZ's oil when they can get Russian or Middle Eastern oil for cheaper, and refine it with far less effort? Nope! And this is why they are all starving.

tl;dr recap

1. VZ went full oil country, thinking peak oil and all that crap was real.
2. It wasn't real, price of oil tanked.
3. VZ is now indebted to Russia for basically everything, their people are starving, and they can't raise any capital to do anything because the only thing they can produce isn't going to actually make them money.

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I'm gonna send that Guido motherfucka right to the Moon!

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>Hyperinflation of currency
>WHY WON'T OTHER NATIONS SELL US STUFF?!

wrong

He seems onto something. Mind elaborating on the "mistake"?

Every time there is a perception that scarcity may be coming, scarcity WILL come because people of any political ideology will begin hoarding. Doesn't matter if they are capitalist, communist, anarchist, it doesn't matter, this is a natural human reaction. The private sector also couldn't cover their needs because it was deliberately shrunk in terms of labor for oil workers. Why have farmers that make peanuts when you could have an oil worker that makes far, far more economically? The incentives were there as well because that's what people did. If they still had their farms they could at least grow enough food to support themselves, but good luck when you just export oil and import literally everything else to make up the difference.

tldr; what a half nigger country looks on shitty oil and socialism.

Well, it's a bit more complicated than that - as I said, it comes down to a combination of mismanagement and economic sabotage.

Which came first, the scarcity or the rumour of scarcity. Maduro's disastrous mismanagement certainly has played a role - as land grabbing Socialism invariably does. But you cannot discount deliberate sabotage of the economy either. You could make the argument that rather than creating the crisis this merely accelerated the inevitable, but I'd rather look at what has actually happened rather than speculate of what may or may not have been.

Of course the cancuck knows about his Chinese masters superstitions.

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>Venezuela is not fully socialist
I hear a variant of this argument every single time a nation implodes.

And "sabotage", really? That's the word you're going to use?

Trading partners can't sell their valuable food for your value-less currency. That wouldn't be trade, it would be giving it away for free. It's sabotage that other countries won't give you shit for free? What have you given them for free in the past?

muh no true scottman fallacy much?

Calm down, you sound like a retard. I'm not promoting Socialism for fuck's sake, just giving a rough overview of the past 20 or so years. If the private sector play their part in crashing the economy I call it for what it is - sabotage.

If the private sector still control much of the economy it isn't completely Socialist is it? I'm not saying the parts that are Socialist are guilt free in the current situation either. Believe it or not it's a complicated situation - you can't give one word explanations for anything and not sound like a moron.

Man, thats a good rundown.

Socialism

This is the same, tired argument, just like said. Only instead of the disgraced "real socialism was never tried" you reworded it into "there's some socialism, but not enough, and btw the food sector is capitalism's fault".

It's too complicated to know what could've caused the problem. But you know that it couldn't possibly have been reckless deficit spending or incompetent central planning. No, it's the jews' fault, the same jews who warned your banana republic ass that this was unsustainable in the long run, and that they wouldn't give you any charity if you don't live within your means. And now that the international community kept their word not to help you if you refuse austerity, now you're calling that economic sabotage.

Get the fuck out of here you mestizo commie shill. You're way out of your league.

Jesus. Firstly I never said that this wasn't "true Socialism" - in fact I explicitly said that the parts that are have played a significant role in the current situation. I have no idea why you're bringing up the Jews in all this. It makes you sound like a maniac. Your praise of the "international community" exposes you (like your meme flag) to be a globalist shill. You attack my points with strawmen arguments bearing no relation to any point I have made. Reality is obviously too nuanced for your propaganda mindset - you clearly have an agenda here that is impervious to reason. Perhaps it's you that should fuck off - you are clearly well and truly out of your league.