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Yossarian-22
Oct 26, 2014

punk rebel ecks posted:

Norway has the same percentage of their workers working in nationalized industries as Venezuela does. It's all about what gets nationalized and how it is designed to function.

I think this also speaks Norway's global geopolitical position as an ally of the West and a first world country, vs. Venezuela which has historically had an ineffectual state incapable of doing anything. Any leader who tries to implement any kind of socialism in the latter context is going to get burned if they don't become a rival clique to the bourgeoisie, hence all the cronyism and corruption. It worked to reduce poverty in the Chavez years, but as others have said, the oil boom and the corruption was bound to cause rapid inflation in the long term.

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