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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Current Events > Latin America & the Caribbean

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Latin America & the Caribbean Including issues of Central and South America and Mexico.

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  #1  
Old 14 Aug 17, 17:52
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Venezuela, just how bad it's gotten in graphs

The Leftist-Socialist train wreck in graphs...

https://www.ft.com/content/a6f7bdae-...5-23ef563ecf9a
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  #2  
Old 14 Aug 17, 17:56
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link says I have to subscribe to read
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  #3  
Old 14 Aug 17, 18:33
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Don't know I pulled the original up earlier no problem. Weird...

If you search for "Venezuela economic crisis" it comes up like the 2nd hit and you can go to it...
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Old 14 Aug 17, 19:15
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spike in malaria?
this looks like the perfect guinea pig to study
key word, I think, is ''rapid'' ---changes...they were walking on thin ice anyway....?
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Old 15 Aug 17, 06:59
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Another take seems like some excuses.

http://www.aljazeera.com/indepth/fea...063130120.html
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Old 15 Aug 17, 07:18
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Originally Posted by Half Pint John View Post
Another take seems like some excuses.

http://www.aljazeera.com/indepth/fea...063130120.html
..so they set food prices below their production costs?? seems like a nitwit would know that would cause problems/not efficient/etc ...?
..wouldn't a college business drop out know better than to run an economy like this?
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  #7  
Old 15 Aug 17, 12:08
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Well, they Maduro government has also moved in and taken over many foreign company's operations in the country... without compensating the company of course...

One of the latest is GM who chose to end operations when their factory there was grabbed by the government. They gave the 2700 workers severance pay and shut the doors. The plant is shut down as GM refuses to supply any materials or parts. So, the Maduro government was reduced to selling off the existing inventory as spare parts...

Coke was grabbed because they wouldn't make cola at a loss... the sugar needed for production cost more than the government would allow them to sell the product at. Government grabbed that plant too. No more coke production in Venezuela as they can't get the raw ingredients from Coke outside the country.

Exxon left too when their operation was grabbed. Most of the oil fields are rapidly declining in production as none of the manufacturers of oil field machinery and spare parts will sell Venezuela anything.

Somebody with a GED they got out of a Cracker Jack box as a prize would know you can't run an economy this way. Drug addled dope dealers know it...

But, an ex bus driver who was a union shop steward and stalwart of the far Left...? Nah, he's stupid enough to believe such a system will work.
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Old 15 Aug 17, 12:35
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Quote:
Originally Posted by T. A. Gardner View Post
Well, they Maduro government has also moved in and taken over many foreign company's operations in the country... without compensating the company of course...

One of the latest is GM who chose to end operations when their factory there was grabbed by the government. They gave the 2700 workers severance pay and shut the doors. The plant is shut down as GM refuses to supply any materials or parts. So, the Maduro government was reduced to selling off the existing inventory as spare parts...

Coke was grabbed because they wouldn't make cola at a loss... the sugar needed for production cost more than the government would allow them to sell the product at. Government grabbed that plant too. No more coke production in Venezuela as they can't get the raw ingredients from Coke outside the country.

Exxon left too when their operation was grabbed. Most of the oil fields are rapidly declining in production as none of the manufacturers of oil field machinery and spare parts will sell Venezuela anything.

Somebody with a GED they got out of a Cracker Jack box as a prize would know you can't run an economy this way. Drug addled dope dealers know it...

But, an ex bus driver who was a union shop steward and stalwart of the far Left...? Nah, he's stupid enough to believe such a system will work.
ahhhh haha..more interesting

Quote:
GM is not the first company to fire Venezuela employees by text message. Clorox (CLX.N) did the same two years ago when announcing its exit from the crisis-struck country, after which workers took over the plant.
http://www.reuters.com/article/us-gm...-idUSKBN17Q1X9

GM shouldn't have been there in the first place
I would think that was one of the better companies to work for..
..they bit the hand that fed them
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