Chavez Warns of Resistance War With U.S.

[Griff]

Originally Posted by piercehawkeye45

And how is Chavez running his country into the ground. Even the fucking Economist will admit that he is doing well. They just don’t think it will last because of inflation and lowering oil prices. Time will tell…

People who own property in Venezuela are no longer secure in the belief that they control their assets. It is fundemental for stability that people believe that what they earn is their own. If ownership is in doubt a subset of people will stop earning and start taking both individually and in grand scale by fiat. btw-The Economist is not the right wing sheet you seem to believe it is.

Originally Posted by Urbane Guerrilla

Pierce, he'll run it into the ground because he's insisting on managing through the public sector that which runs far better in the private. Bureaucrats lack the needed motivation: their income and prosperity do not depend on how well economically the business they are managing is doing. When this is done systemwide, stagnation is the invariable result, and collapse is usually only staved off by abandoning the use of government bureaucrats to run the industry.

Well said.

It still does not warrant any American military action. People must be free to make horrible mistakes in the market for governance. If we protect them from themselves, we earn their resentment and they fail to earn knowlege of communisms inability to allocate resources.