I mean, the USSR didn’t have hyperinflation until they were trying to redo the recipe at the end. “Money is real, and making more will help” is honestly a weird line of reasoning for people who hate “capitalism”.
Depending on how you define smart, sure, there’s been smart ones. At this point there’s an accumulation of evidence markets work better than the Soviet system of markets+random constant intervention, but that wasn’t always the case, and even now there’s people who are smart but have Ben Carson syndrome, and think because they’re good at their field they understand economics, and can quantify it’s limitations with no research.
By some people’s standards I’m a communist, too, since capitalism is poorly defined, and communism is often just defined as the opposite of it.
Brutal US sanctions cut them off from global trade. An over-reliance on oil meant their economy crashed along with oil prices. A seemingly high level of corruption in government. Multiple coup attempts by foreign actors.
Our hyperinflation crisis pre dates US sanctions by about 3 years. People were dying of hunger on the rural towns way before the US sanctions. I mean, fuck the US, but they aren’t particularly the reason we are fucked up beyond recovery. And to call them brutal is an exaggeration. They are actually some of the mildest, milk toast sanctions that a country might impose on another. The rich in power still ride around in US made Lamborghinis, Fortunners and Teslas. While the rest of the population works for $5 a month.
Tf happened to Venezuela?
Mildly communist government fucked their economy. Corruption ate the state oil company from within.
And not even, like, smart communists. The kind that think printing more money to pay for stuff is no big deal.
You’re implying there’s smart communists to begin with
I mean, the USSR didn’t have hyperinflation until they were trying to redo the recipe at the end. “Money is real, and making more will help” is honestly a weird line of reasoning for people who hate “capitalism”.
Depending on how you define smart, sure, there’s been smart ones. At this point there’s an accumulation of evidence markets work better than the Soviet system of markets+random constant intervention, but that wasn’t always the case, and even now there’s people who are smart but have Ben Carson syndrome, and think because they’re good at their field they understand economics, and can quantify it’s limitations with no research.
By some people’s standards I’m a communist, too, since capitalism is poorly defined, and communism is often just defined as the opposite of it.
But MMT says I can (probably misrepresenting it severely, that’s what I’ve been given to understand by internet comments)
Brutal US sanctions cut them off from global trade. An over-reliance on oil meant their economy crashed along with oil prices. A seemingly high level of corruption in government. Multiple coup attempts by foreign actors.
Our hyperinflation crisis pre dates US sanctions by about 3 years. People were dying of hunger on the rural towns way before the US sanctions. I mean, fuck the US, but they aren’t particularly the reason we are fucked up beyond recovery. And to call them brutal is an exaggeration. They are actually some of the mildest, milk toast sanctions that a country might impose on another. The rich in power still ride around in US made Lamborghinis, Fortunners and Teslas. While the rest of the population works for $5 a month.
Dictator