Venezuela's 'socialist paradise' turns into a nightmare: Medical shortages claim lives as oil price

[AtheistCrusader]

12. Maybe. Corporatism can get in on it too.

Normally, a capitalist system does indeed seek to extract as much wealth as possible from the target customer audience, but it can also take into account the sustainability of that cash flow, and running a country directly into the ground isn't terribly sustainable.

On the other hand, you also have the complexity of multiple international markets, where a foreign market might just go cut-throat all the way against the rival foreign producer/nation, and not care, because all their customers are actually in a different market.

It gets complex quick.

So, I don't know I'd lay the blame at the feet of capitalism on this one, but I would venture that capitalism has little to no inherent built-in protections to prevent that sort of financial fiasco.

This is why a mixed-market economy, I would argue is the best. You have the productivity of a capitalist engine, with socialist regulations and controls protecting people. That's a good combo. Where ours has gone awry, is the corporatist interest/lobbying money flowing into politics from corporations. The Koch's are just one example of that. There are many. Most of them pulling at the supports of government in the same directly, trying to get it to fall in such a way that benefits them.

It's a complex issue. Hard to assign clear blame any one particular place.