No offence but Venezuela is a political meme and one of the most corrupt country out there lol, given your natural resources you should be doing way better regardless of where the government leans.
Socialism brought a lot of good things all over Europe in the 1900s
Give me a definition of socialism that only includes the good things done in Western Europe and excludes all of the bad things that happened in Soviet Union, China, Venezuela etc.
If we want to judge financial systems based on past examples look no further than the first large implementation of capitalism via a joint stock company, the East India Company. Capitalism at it's base and purest form leads to as much pain/horrible behavior as the socialism examples.
Not offended. It is one of the most corrupt countries since socialism. It was thriving when I grew up there. But when you steal, oppress, and kill competent leaders because you resent them having more money than you, and give entire industries (steel, gold, petroleum) to the "workers" because they think collective thinking > a single phD who knows what he's doing, the industries rot and fail, like they did.
> give entire industries (steel, gold, petroleum) to the "workers"
That's one way to put it, the other way to put it is that your corrupt government seized the industries and put their cronies in charge, which I would say is more accurate.
That's literally how socialism and communism works in real life.
Radicals tell the masses what they want to hear, and then seize radical power, take their weapons, and force their will upon the people, while claiming it's for everyone's benefit. People who haven't witnessed it firsthand believe the insane pink-powder theory that "if I were in charge, I would be able to implement it correctly", daydreaming they are superior and able to handle dictator-level power. Why else would Carl Marx and others admit it has to be forced upon an unwilling population?
What you're describing is a mix of populism and plutocracy/kleptocracy/oligarchy, these can and do thrive under any type of political or economical system, they didn't wait for socialism to exist... and unless Putin and Trump are far left radical communists, they're implementing, in different ways, what you just described lmao.
you can't philosophy reality away with your academic theories. This is why research has to be validated with real life results. It's basic scientific theory.
My IQ is not 300, but it's sufficient to understand reality:
- Union of Soviet Socialist Republics: operated under the Communist Party's centralized control, with state ownership of production, suppression of dissent, and looked more like communist authoritarianism than democratic socialism.
- CCP, Cuba, North Korea: they call themselves socialists while being led by communist parties.
- Democratic socialism like Sweden, Norway, Denmark: very different from the above.
Socialism brought a lot of good things all over Europe in the 1900s