Socialism fact of the Day: Venezuela inflation tops 43,000%

MikeDamone said:

YellowSnow said:

UW_Doog_Bot said:

WilburHooksHands said:

To Doogbot's article's point, only real fucktards want means of production to be run by the state. APAG already summed this up in another thread, but a mix of capitalist and welfare elements are probably the ideal. Venezuela bullshit is a Hondo play by the conservative crowd.

The "Scandinavian" model is a Hondo take by the progressive crowd. It's a 10,000 ft view of a mixed economy that is rich from selling a resource to the rest of the world that progressives try to point to as "successful democratic socialism" even though it's no such thing.

I don't agree that a mix of capitalism and (state run) welfare are the ideal. I think the government is inherently a terrible buying agent and is nothing but super inefficient at such projects. It also restricts the freedoms of those it purports to help while distorting the market and crowding out private competition for the rest of us.

The only times I see the government as being "the least bad option" are when you have significant negative externalities in a free market such as the military or the environment.

Are you opposed to some amount of wealth transfer: Yay or Nay?

There are some schools of thought that a basic universal income in lieu of all the other myriad of transfer payments would have better overall outcomes. I’ve been back and forth on the idea depending on my level of alcohol consumption at any given point in time.

UW_Doog_Bot said:

WilburHooksHands said:

To Doogbot's article's point, only real fucktards want means of production to be run by the state. APAG already summed this up in another thread, but a mix of capitalist and welfare elements are probably the ideal. Venezuela bullshit is a Hondo play by the conservative crowd.

The "Scandinavian" model is a Hondo take by the progressive crowd. It's a 10,000 ft view of a mixed economy that is rich from selling a resource to the rest of the world that progressives try to point to as "successful democratic socialism" even though it's no such thing.

I don't agree that a mix of capitalism and (state run) welfare are the ideal. I think the government is inherently a terrible buying agent and is nothing but super inefficient at such projects. It also restricts the freedoms of those it purports to help while distorting the market and crowding out private competition for the rest of us.

The only times I see the government as being "the least bad option" are when you have significant negative externalities in a free market such as the military or the environment.