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- #41
Lol all this proves is, yes, they have a private economy. It has shrunk, but I’m not even advocating for Venezuela. Obviously it’s a failure. You’re just stupid to think it is entirely socialist.I have looked it up. It's not true.Um because it’s true. Look it up and then feel dumb. You’re welcome.Venezuela has a private economy? Is there any reason anyone should pay attention to a thing you say?Because they have failed leaders. Of course, Venezuela has a private economy. Fox News probably didn’t tell you that. The real success stories are social democracies like the Nordic countries.If socialism is so great, why do Russia, Cuba and Venezuela suck so badly?
The Chavez government has expropriated or nationalized numerous companies (no one seems to be able to count them all) involved in various sectors including aluminum, cement, gold, iron, steel, farming, transportation, electricity, food production, banking, paper and the media. The number of private companies in industry has dropped from 14,000 in 1998 to only 9,000 in 2011, according to Torres.
Companies need investment to grow and hire new workers. One of the biggest failures of the Chavez government has been to drive away both domestic and foreign investors. In 2011 Latin America enjoyed a record of more than $150 billion in foreign investment with Brazil receiving $67 billion. Venezuela's neighbor Colombia received $13 billion while Venezuela received only $5 billion. To avoid expropriation and find investment a number of Venezuelan companies have moved to Colombia, Panama and the United States.