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Joined 6 months ago
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Cake day: June 3rd, 2025

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  • The fact is price controls are terrible policy and have never worked because we cannot predict the future needs of the market. Unless we magically get vastly better AI that runs the entire economy it is unlikely price controls will ever work so when Chavez instituted them it lead to a collapse of the agriculture sector leading to hunger issues.

    Some of the economic problems were self created because many leftists have zero formal economic backgrounds and thus have trouble separating reasons for factual historical failures of specific leftist policies, like price controls or rent control being extremely problematic historically speaking, vs what is merely capitalist propaganda eg “capitalism is the only system that works” which isn’t true historically speaking.


  • The country went to shit before Chavez died as a result of many backing away from trade as a result of US demands as well as a slew of bad policy choices that turned them from a food exporting nation to one that imported food which collapsed the economy. Chavez and Maduro instituted price controls which have harmed the agricultural economy significantly which further harmed things.

    That being said while their results were bad their intentions were good which is not going to be true of whatever puppet government the USA would install.


  • Chavez in his first few months/year of being in office would be a good example of a non-authoritarian in that role.

    My problem with Maduro and many of those in the post early days of Chavez taking over is that far too many seem to have a tremendous amount of money that they cannot explain how they came across legally. Executives at PVDSA, the state run petroleum company, seem to be extremely vulnerable to this corruption.

    You can make the case that dictatorships/authoritarian structures are needed to protect a socialist revolution, which Im not sure I entirely agree with, without supporting the theft of state resources by people in the government.