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hack89

(39,181 posts)

42. Venezuela admits its economy has 'structural problems'

Fri Nov 15, 2013, 10:12 AM

Nov 2013

Venezuela's finance minister has acknowledged that the economic policies of late President Hugo Chavez and his successor have not yet succeeded. Nelson Merentes said the government had "improved" the living standards of many Venezuelans, but not solved the "structural problems" of the economy.

Generous government subsidies have slashed poverty and inequality.

But Venezuelans are suffering from the highest inflation in Latin America, sluggish growth and shortages

But his government's monetary policy, nationalisation of key industries and management of public funds have been blamed for high inflation, under-performing industry and shortages of basic supplies.

http://www.bbc.co.uk/news/world-latin-america-23924372

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Venezuela jails 100 "bourgeois" businessmen in crackdown [View all] Zorro Nov 2013 OP

Uh oh. Ranchemp. Nov 2013 #1

OK. I want to self-alert this response. OK? delrem Nov 2013 #9

Struck a nerve did I? Ranchemp. Nov 2013 #26

wasn't that the intent of your original comment? olddad56 Nov 2013 #72

+1000 nt okaawhatever Nov 2013 #10

So you're okay with the Us having meddled in Chile? a la izquierda Nov 2013 #18

My Angels avatar makes you think like that? Ranchemp. Nov 2013 #28

No, your ROFL smilie. a la izquierda Nov 2013 #55

Ok. Ranchemp. Nov 2013 #56

I smell sulphur... Titonwan Nov 2013 #27

And the man who said that is now worm food. Ranchemp. Nov 2013 #29

So is everyone else that's dead Titonwan Nov 2013 #38

No point, just pointing out the fact that Pres. Chavez is now dead. Ranchemp. Nov 2013 #39

Never thought I'd see a DUer imply that Chavez was worse than Bush... nomorenomore08 Nov 2013 #104

Really, that's what you got out of my reply? Ranchemp. Nov 2013 #111

Okay, maybe I jumped to conclusions... nomorenomore08 Nov 2013 #124

No problem, Ranchemp. Nov 2013 #129

Do you know what a troll is? L0oniX Nov 2013 #33

Yes, do you? Ranchemp. Nov 2013 #36

Don't pay any attention leftynyc Nov 2013 #49

Thank you. Ranchemp. Nov 2013 #51

Excellent leftynyc Nov 2013 #53

they've lost the debate and name calling is all they've got left.. frylock Nov 2013 #62

I'm talking about the personal insults from one member to another. Ranchemp. Nov 2013 #63

of course you are frylock Nov 2013 #69

Thank you. Ranchemp. Nov 2013 #70

no, thank you.. frylock Nov 2013 #73

Happy to oblige. Ranchemp. Nov 2013 #74

i understand the importance of getting your post count back up.. frylock Nov 2013 #75

You think that's what this is about? Ranchemp. Nov 2013 #76

Post removed Post removed Nov 2013 #66

Back atcha Comrade Grumpy. Ranchemp. Nov 2013 #67

Who is they? Looks like one person to me. Kingofalldems Nov 2013 #64

Ok. Ranchemp. Nov 2013 #65

Only 100? MyNameGoesHere Nov 2013 #2

You forgot to add this. Ranchemp. Nov 2013 #3

No. a la izquierda Nov 2013 #17

Yes. Ranchemp. Nov 2013 #30

Actually I did not forget anything MyNameGoesHere Nov 2013 #24

A good start is the day Maduro gets perp-walked. Archae Nov 2013 #4

That is stormfront type BS. delrem Nov 2013 #8

Drug corruption? Yawn MyNameGoesHere Nov 2013 #23

Do you just make shit up out of whole cloth? Please cite specifics. Comrade Grumpy Nov 2013 #68

An excellent start. nt bemildred Nov 2013 #19

At this point christx30 Nov 2013 #5

I like to add frozen dark chocolate :D littlewolf Nov 2013 #13

It is entertaining to watch the Maduro defenders and apologists Ranchemp. Nov 2013 #31

Seems they don't mind dictators leftynyc Nov 2013 #50

Seems so. Ranchemp. Nov 2013 #52

Maybe they're honest about who's democratically elected and who's not. Ever thought of that? delrem Nov 2013 #85

Spare me leftynyc Nov 2013 #86

I would never lie and call a democratically elected leader a "dictator". delrem Nov 2013 #87

You can call him whatever leftynyc Nov 2013 #88

you didn't define anything, and you can't redefine 'dictator' delrem Nov 2013 #89

Lol - you nitpicking over nonsense leftynyc Nov 2013 #91

A brazen liar is calling the truth a "bullshit position" - delrem Nov 2013 #92

ooooooh - a temper tantrum leftynyc Nov 2013 #93

ooooh - a fake walkback via rewording! delrem Nov 2013 #98

And still can't bring leftynyc Nov 2013 #108

If you think I'm going to praise your lie, forget about it. Won't happen. delrem Nov 2013 #110

There is a problem, that the productive class gets paid peanuts while retailers gouge. delrem Nov 2013 #6

Most people can't go out to the farm to shop, LTX Nov 2013 #58

Right, Walmart provides that "service". delrem Nov 2013 #84

I have a Walmart AND a Meijer within walking distance FrodosPet Nov 2013 #95

unlucky you delrem Nov 2013 #96

And for the millions of other people who live in areas where there are no LTX Nov 2013 #107

"Have you ever heard of farmer/rancher co-ops" EX500rider Nov 2013 #114

So if i start a trucking company to haul produce.. EX500rider Nov 2013 #94

unless you're a major billionaire with lots of influence, you'll be in same position as farmers. delrem Nov 2013 #97

Yes you are a vulture if you do that FrodosPet Nov 2013 #99

Better a small business than a large corporation, I would tend to think. nomorenomore08 Nov 2013 #105

Why isn't the farmer a vulture capitalist if he takes a profit? Democat Nov 2013 #113

Are you sure THAT's the problem? hughee99 Nov 2013 #123

Here, we can start with the Waltons, perhaps. lol grahamhgreen Nov 2013 #7

Funny, I rather liked Chavez even though I knew he was a nutcase Warpy Nov 2013 #11

Exhibit A in how NOT to run a socialist economy. LAGC Nov 2013 #12

And the highest crime rate in Latin America. Ranchemp. Nov 2013 #35

highest in South America actually, Honduras and perhaps El Salvador are higher in the whole region Bacchus4.0 Nov 2013 #40

I meant overall crime rate. Ranchemp. Nov 2013 #43

ok, you may be right. Not sure about overall crimes. and you are definitely right Bacchus4.0 Nov 2013 #45

Very true, Ranchemp. Nov 2013 #47

I suspect that Maduro would step in to prevent employers from laying off workers Bacchus4.0 Nov 2013 #57

Jewelry stores routinely keystone.... Spitfire of ATJ Nov 2013 #14

She was right about one thing christx30 Nov 2013 #101

As opposed to the United States where the business model is to keep two sets of books. Spitfire of ATJ Nov 2013 #102

When you're done, send them over to Wall Street. DeSwiss Nov 2013 #15

Wow what a hit piece. fasttense Nov 2013 #16

Yep, lots of cognitive disconnect. bemildred Nov 2013 #20

If you don't find Yahoo News reputable bitchkitty Nov 2013 #21

So what do you dispute in the article? Zorro Nov 2013 #32

VZ made a horrible decision in 2003 when they implemented currency controls hack89 Nov 2013 #41

And how many Wall Street bankers have we jailed? tclambert Nov 2013 #22

I know, hunh Titonwan Nov 2013 #54

Yes, this is a democratic blog, Ranchemp. Nov 2013 #59

"The rule of law works better in Venezuela than it does here." EX500rider Nov 2013 #115

And the highest overall crime rate in all of Latin America. Ranchemp. Nov 2013 #119

love this guy RedstDem Nov 2013 #25

"They are barbaric, these capitalist parasites!" Well ...looks like the US has something in common. L0oniX Nov 2013 #34

I miss Hugo Titonwan Nov 2013 #37

"sometimes you have to wrench power from the corporatists" EX500rider Nov 2013 #116

Venezuela admits its economy has 'structural problems' hack89 Nov 2013 #42

Remember what Nixon said to do to Chile under Allende in the 70's? yurbud Nov 2013 #78

Or it could be, as most respected economists have said, Ranchemp. Nov 2013 #79

Is it heritage foundation, Cato institute, or did Rush not bother to say? yurbud Nov 2013 #83

Respected economists who are 100% correct describing Theyletmeeatcake2 Nov 2013 #109

That's the best you can come up with? Ranchemp. Nov 2013 #112

Hey,I don't have to come up with much do I? Theyletmeeatcake2 Nov 2013 #125

I notice you refuse to answer. Ranchemp. Nov 2013 #126

And what were these same economists saying about Venezuela ..... Theyletmeeatcake2 Nov 2013 #127

Congratulations, you've still managed to avoid answering the question. Ranchemp. Nov 2013 #128

Thank you!!! The economists report it as they see it in your opinion but Theyletmeeatcake2 Nov 2013 #130

The economists don't report is as they see it in my opinion, Ranchemp. Nov 2013 #131

Have a look at pre 1999 figures to see what was going on.... Theyletmeeatcake2 Nov 2013 #133

So things improved for a short time and now are getting very bad very fast hack89 Nov 2013 #136

Things weren't any better then and they're not better now. Ranchemp. Nov 2013 #139

So how is that it's bad if the common people do benefit ? Theyletmeeatcake2 Nov 2013 #142

Their golden age was pretty short hack89 Nov 2013 #132

The golden age I was referring to was pre1999. Theyletmeeatcake2 Nov 2013 #134

And Hugo's "solutions" to those economic problems are why they are where they are at. hack89 Nov 2013 #135

It is due to government imposed currency controls that were implemented in 2003 hack89 Nov 2013 #82

According to a recent article VZ still has a positive budget situation Theyletmeeatcake2 Nov 2013 #141

The next needed step is the arrest of the spies, wreckers and sabatuers AngryAmish Nov 2013 #44

How about VZ's economic policy makers hack89 Nov 2013 #61

"They are barbaric, these capitalist parasites!" Titonwan Nov 2013 #46

Not logical to throw retailers in jail and then complain about product shortages. geek tragedy Nov 2013 #48

Maduro should change his name to Mugabe duplex Nov 2013 #60

There used to be some Mugabe fans here on DU, but they faded away. Throd Nov 2013 #77

Probably to the bitter end. Ranchemp. Nov 2013 #80

Most of them were banned, a couple went quite. Sen. Walter Sobchak Nov 2013 #140

What's wrong with Mugabe? penultimate Nov 2013 #90

What's right with Mugabe? nt EX500rider Nov 2013 #117

At least one of his arms, feet, legs, eyes and ears. penultimate Nov 2013 #122

Besides being a murdering thug dictator? Ranchemp. Nov 2013 #120

That's how see it. ;) penultimate Nov 2013 #121

welcome to DU gopiscrap Nov 2013 #100

Venezuela continues to go down the rabbit hole. Beacool Nov 2013 #71

That's a good srart! Wish arseholes responcible for the last financial crisis would be in jail too. idwiyo Nov 2013 #81

Are these 100 business people going to get due process? hrmjustin Nov 2013 #103

Of course not. Pterodactyl Nov 2013 #137

I hope they do. Not good. hrmjustin Nov 2013 #138

Oof... I don't even want to take a side here... nomorenomore08 Nov 2013 #106

Here's one of the "parasites"! spanza Nov 2013 #118