What Does A Modern Economic Collapse Look Like ?

[SEIndSAM]

Good opinion piece by someone who left Venezuela....Hey Bernie, I left Venezuela's socialism behind for a reason: Voices

 

[actaeon277]

Good opinion piece by someone who left Venezuela....Hey Bernie, I left Venezuela's socialism behind for a reason: Voices

But then I read the comments.
Most were "BUT it's not OUR type of socialism."

 

[trucker777]

"isms" and people having various "isms" just shouldnt, or be allowed to..., or__________. Lol

 

[actaeon277]

https://www.yahoo.com/news/venezuela-willing-restore-diplomatic-ties-us-205451292.html

 

[rugertoter]

If something happened here, like in Venezuela, it would be a hundred times worse. It is my belief that a full-on economic collapse would result in hundreds of thousands of deaths within the first few weeks, after that things would slowly begin to fall into a new "normal". The government would not be even close to being able to handle the chaos, and would just concentrate on maintaining itself until things started to settle down. It would be a mess in America for a month or so, and would be a dog eat dog scenario, but eventually things would restabilize...might not be what we were used to before though. It would be ugly.

 

[Leadeye]

If something happened here, like in Venezuela, it would be a hundred times worse. It is my belief that a full-on economic collapse would result in hundreds of thousands of deaths within the first few weeks, after that things would slowly begin to fall into a new "normal". The government would not be even close to being able to handle the chaos, and would just concentrate on maintaining itself until things started to settle down. It would be a mess in America for a month or so, and would be a dog eat dog scenario, but eventually things would restabilize...might not be what we were used to before though. It would be ugly.

Sort of like Katrina, other than telling the police to round up guns, city government wasn't useful and leadership ran.

 

[BogWalker]

https://www.yahoo.com/news/venezuela-willing-restore-diplomatic-ties-us-205451292.html

Let the begging for money commence in 3.. 2... 1...

 

[actaeon277]

New York Times Reporter Uses Takeout Food Excuse to Explain Venezuela Economic Collapse

Apparently, this reporter thinks it's like take out food.

 

[mrjarrell]

This is an interesting move on Maduro's part. He's handed over control of the economy to the military. I'm pretty sure that will hasten the implosion.

https://panampost.com/sabrina-marti...ands-over-economic-power-to-defense-minister/

 

[pudly]

Venezuela's inflation rate is estimated at 480% this year and is predicted to be 1600% next year. Assuming, they last that long without collapsing.

http://blogs.wsj.com/economics/2016/07/18/venezuelas-inflation-is-set-to-top-1600-next-year/

 

[Dosproduction]

With the FED printing money like they are we are going to be there in short order. Get ready for the free for all.

 

[mrjarrell]

Now we can add forced labour to the collapse. The dictator in chief has put forth a measure to allow him to put people out in the fields to farm. So, now we have slavery added to the melee'.

https://news.vice.com/article/venez...or-law-that-can-require-people-work-in-fields

 

[BugI02]

Seems a bit Pol Pot-ish. Are they building 're-education' camps yet?

 

[YahwehsBattleAxe]

It looks like Detroit plus Venezuela plus the Great Depression...

 

[YahwehsBattleAxe]

I happen to think that SHTF/economic collapse will be a time when many of the wrongs are finally made right in our country....

 

[pudly]

Hunger haunts Venezuela, especially its children | Miami Herald

Socialism has brought Venezuela to the point that it is beginning to look a lot like those "Save the Children" ads with starving children with bloated bellies. The human cost is truly a tragedy in this still oil-rich nation.

 

[dusty88]

http://www.nytimes.com/2016/08/15/w...c=edit_na_20160814&nlid=51594793&ref=cta&_r=0

Malaria making a roaring comeback

Also, note these people are out working black market gold mines

Don't anyone tell me that gold and silver are still not important insurance. Someone in Venezuela right now might be able to buy themselves a few things or even a ticket out. (provided they didn't get killed for it of course)

 

[pudly]

An ounce of gold is still worth what an ounce of gold was worth last year. The Bolivar only buys 1/5th as much.

Venezuela: the land of 500% inflation - Apr. 12, 2016

 

[mrjarrell]

Massive demonstrations against Maduro are taking place. Must be illegitimate, though. They've been blocking streets and highways.

Beloit Daily News: AP

 

[Hohn]

Find a first world nation that hasn't adopted a few socialist policies. I don't think there are any. Doesn't make it the basis of our economic or governmental system as a whole though. Doesn't make it right to have such policies either.

When government abolishes private business ownership then we'll talk.

This is an important point.

There is an element of socialism in every public good: roads, schools, even your library.



But it matters a TON at what level of government that socialism is placed, and the fraction it represents as a whole of the economy.

Ideally, the socialized things would be made as local as is possible, and represent the bare minimum of the economy. For example, you'd have all the schools funded by localities like school districts, not the State and never the Federal govt.


You know, it's funny how you can visit a tiny town with a small school and the people are so very proud of that school. The people are proud of the school and their community. Why? Because THEY did that. In those former days, there was no state or federal money, THEY did it all by themselves. And because they did it, they control how that school works, the school is very accountable to those people, and it reflects the best wishes of the community to a great deal.


But those days are gone. Local schools are increasingly dependent upon-- or unduly controlled by-- State governments, which in turn are dependent upon funds (and must accept the strings attached) of the Federal government.

So the school doesn't reflect the locality and what the people want in their school so much. Now it reflects more the desires of the education bureaucrats, the people who know better than you, and the unions. You know, those people whose unearned sense of moral and intellectual superiority is immediately detectable.

If the local parents want their kids taught creationism--right or wrong-- they won't be able to do so. The local board has no power to fire a teacher that doesn't represent what they want. Don't want a gay teacher teaching your kids? TOUGH. Don't want a radical Leftist indoctrination your kids? TOUGH. Find out a teacher has a history of inappropriate relationships with students? Good luck with that.


As a country, we've decided that it's perfectly acceptable to be bribed with our own money. That we should surrender our local autonomy in the name of increasing funding. But where does that extra funding come from? Well, it comes from OTHER people who have similarly forfeited *their* autonomy so get more of YOUR money for their schools.




That's just education. Play out the same scenario over and over again and you'll see the damaging effects of socialism where we see more and more decisions made at increasingly higher levels of government that exercise ever more control over more people. And we are all less free.