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rainerirsinn

as long as we depend on international capitalistic concepts such as the oil-price, selling to the highest bidder, which is in a logical conclusion the most exploitent states such as the USA and the EU (and China furthermore) we can never emancipate our socialist solidarity from these states as we most depend on their goodwill to pay us the highest price.
By pure Logic you can tell us that this is leading us nowhere but into higher dependancy on the states which we, in common sense would assume to be the mother of so much socio-economic suffering in our part of the globe.
Isn't there a more noble and better way to get around?

craig maginness

Thanks for the comment. I have to say your analysis is idea-centric in that you, as a socialist would, believe that the buyers of your products pay you a price based on their goodwill. Those prices are in fact set by the market which is a function of world supply and demand. As one of the world's major oil suppliers, Venezuela has as much to say about the prices that it gets paid as do any of the consumer nations.

I would also say that from an outside perspective, the socio-economic hardships currently being experienced in Venezuela are not the result of the policies or economies of the US or the EU (or China), but the result of the current government's policies which completely disrupt the supply of goods to meet demands of the people and the perversion of incentives of people to provide value to their fellow people as there is no reason to think they will be rewarded for their work or innovation -- any added value they create will be diverted to the government. And while socialist idealism would say that the state will then distribute that value to the people who need it most, I think the history of state socilaism amply demonstrates that most of the value will be skimmed off by the state, leaving all of the people (except those in the ruling elite)demonstrably poorer.

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