Playing Runescape to put food on the table

Https://www.youtube.com/watch?v=HVXnvb88ZWc
https://steemit.com/steemit/@fiserman/venezuelans-turn-to-playing-runescape-in-order-to-survive
http://www.cinemablend.com/games/1701450/the-bizarre-reason-venezuelans-have-become-targets-in-runescape

tl;dr- Venezuela's economy has so completely gone to shit that people can make more money through virtual capitalism via online video games than real life socialism. In Venezuela selling virtual gold for bitcoin can literally make you more money than holding a job as a college educated professional.

Well if i lived in venesuala at least i had an execuse for fishing all day although i reached 99 fishing skill 12 years ago

Venezuela is not socialist or communist, they are mixed system with free market (supply & demand dictate the price, not the state, but government own few companies and compete in the market unlike fully capitalist state which leave only civilians to be private owners).

Problem started when Venezuela imposed mercantilist policy [high tariffs and taxes for import goods, and subsidies for domestic production to subtitute now 'banned' import]. Apparently, like in the rest of the world except Germany and China, Venezuela doesn't produce the goods they import, shortages appeared, economy failed, and now they live in crisis.

They should've do it Norway style, because Oslo only imposed high tariffs and taxes on import goods they already produce, so domestic companies and jobs don't die out, while they still import goods they can't produce themselves.

Many economies failed in the modern era by letting in goods they already produce, then they borrow money to keep up the economy, and because of that, those countries today have high debt.

Geschrieben von Witch-Doctor, 13.09.2017 at 22:15

Go fund yourself.

Geschrieben von Waffel, 14.09.2017 at 10:36

Go fund yourself.

Go fuck yourself and Shakira too

Geschrieben von Skanderbeg, 14.09.2017 at 10:34

Venezuela is not socialist or communist, they are mixed system with free market (supply & demand dictate the price, not the state, but government own few companies and compete in the market unlike fully capitalist state which leave only civilians to be private owners).

Maduro is a self-proclaimed socialist who worships Castro and his Socialist Party's policies immediately preceded the crisis. Bad ideas are bad ideas, doesn't matter that Venezuela didn't yet abolish private property.

Geschrieben von Acquiesce, 14.09.2017 at 11:18

Geschrieben von Waffel, 14.09.2017 at 10:36

Go fund yourself.

Go fuck yourself and Shakira too

Sure I would

That actually sounds kinda fun

Geschrieben von Acquiesce, 14.09.2017 at 11:22

Maduro is a self-proclaimed socialist who worships Castro and his Socialist Party's policies immediately preceded the crisis. Bad ideas are bad ideas, doesn't matter that Venezuela didn't yet abolish private property.

Actually Chavez created those policies, Maduro just adhere to them. But anyway, policies, right-left, communism-capitalism; doesn't matter. What matter is the people's mentality. If population is disciplined and hardworking - any ideology is fine. That mean if Venezuela switch to full capitalism tomorrow, they would still be poor and protesting. Leadership doesn't matter.

Geschrieben von Skanderbeg, 14.09.2017 at 12:21

Actually Chavez created those policies, Maduro just adhere to them. But anyway, policies, right-left, communism-capitalism; doesn't matter. What matter is the people's mentality. If population is disciplined and hardworking - any ideology is fine. That mean if Venezuela switch to full capitalism tomorrow, they would still be poor and protesting. Leadership doesn't matter.

Pure nonsense. Tell that to the people of Chile who enjoy a freer market, higher living standard, more wealth per capita and overall, better healthcare, foreign investments, job prospects, and education. What makes Chileans more disciplined and harder-working? Nothing does. They prosper because of better institutions and smarter policies.

Geschrieben von Acquiesce, 14.09.2017 at 12:45

Pure nonsense. Tell that to the people of Chile who enjoy a freer market, higher living standard, more wealth per capita and overall, better healthcare, foreign investments, job prospects, and education. What makes Chileans more disciplined and harder-working? Nothing does. They prosper because of better institutions and smarter policies.

You just said it, better instiutions and smarter policies. That is unrelated to ideology (as you blame socialism). Venezuela fails in creating smart policy >>for them<<

Eastern Europe is capitalist for 25 years and still shit, third world, why if capitalism is better? Because it's up to people; undisciplined and not hardworking. Their institutions fail because native people of that country work in those institutions. There is no unique formula to solve everyones economic problems in the same manner. I remember in the 80's, Argentina, Israel and Serbia had hyperinflation, some american solved Argentinian crisis, but failed in Israel in Serbia, because he tried same pattern and it didn't worked, because economy/finance and the rest is so complicated and complex you cannot use same mechanism and measures to fix.

And you say Chile is better than Venezuela - that means Chileans are more disciplined and more hardworking than Venezuelans. Pure and simple.

#stoppoachinggreendragons

Geschrieben von Skanderbeg, 14.09.2017 at 13:07

And you say Chile is better than Venezuela - that means Chileans are more disciplined and more hardworking than Venezuelans. Pure and simple.

I'm afraid you have a pretty simplistic understanding of political economy. I didn't say there's a unique formula or some magic bullet that will bring a nation economic prosperity. That's actually the argument you are making when you argue that all economic success is determined by discipline. It's very clear to anyone who looks at the data that certain policies work better than others. For example: protection of intellectual property to encourage innovation and taking down barriers to business creation. If all that mattered was discipline then it would follow that every recession is the result of people feeling lazy and every economic boom the result of people feeling particularly hardworking.

Geschrieben von Acquiesce, 14.09.2017 at 12:45

What makes Chileans more disciplined and harder-working?

This hero did

Geschrieben von Acquiesce, 14.09.2017 at 13:33

taking down barriers to business creation

This is why economies fail and nations end up with huge debt.

You can't take down barriers and let foreign business in. That will destroy your domestic producers > your people will lose jobs > no jobs no money > no money no consumerism > no consumerism no demand > and then foreign companies will leave. So you ruined your economy, and international companies left, creating >again< unemployment. Your people end up borrowing money so they can spend/expand business/maintain business, and are unable to return later.

Started with Chile 1970, then UK 1980, USA 1980 and then spread across the world. Today you can't find a country producing stuff, everyone is into service sector like restaurants and caffes or finance where they re-sell stuff other produce. Only Germany and China remain steady and produce stuff we all need.

https://en.wikipedia.org/wiki/Chicago_Boys

Japan took down barriers in 1990 so it can 'globalize' and their economy is stagnating since then.

Geschrieben von Acquiesce, 14.09.2017 at 09:16

Https://www.youtube.com/watch?v=HVXnvb88ZWc
https://steemit.com/steemit/@fiserman/venezuelans-turn-to-playing-runescape-in-order-to-survive
http://www.cinemablend.com/games/1701450/the-bizarre-reason-venezuelans-have-become-targets-in-runescape

tl;dr- Venezuela's economy has so completely gone to shit that people can make more money through virtual capitalism via online video games than real life socialism. In Venezuela selling virtual gold for bitcoin can literally make you more money than holding a job as a college educated professional.

FUCK YEEAH 21ST CENTUARY SLAVES, NO MORE COTTON, WE FARMING RSGP NOW NIGGA

Geschrieben von Skanderbeg, 14.09.2017 at 13:54

Geschrieben von Acquiesce, 14.09.2017 at 13:33

taking down barriers to business creation

This is why economies fail and nations end up with huge debt.

Who said anything about foreign businesses?

Geschrieben von Acquiesce, 14.09.2017 at 14:48

Geschrieben von Skanderbeg, 14.09.2017 at 13:54

Geschrieben von Acquiesce, 14.09.2017 at 13:33

taking down barriers to business creation

This is why economies fail and nations end up with huge debt.

Who said anything about foreign businesses?

I misunderstood. Domestic business creation, still i don't get your point, because Venezuela allow business creation and private property, they still have free market and only socialist notion is that government own few companies, if we take aside pension, school and hospital system, which capitalist countries have nationalized as well (except USA).

Geschrieben von Skanderbeg, 14.09.2017 at 10:34

Venezuela is not socialist or communist, they are mixed system with free market (supply & demand dictate the price, not the state, but government own few companies and compete in the market unlike fully capitalist state which leave only civilians to be private owners).

Bruuuuuuuuuuuuuuuuuuuuuh

"Supply & Demand dictate the price, not the state"



So when the State sends the Military Police to occupy a Supermarket (mainly) because their products were a bit more expensive than the rest, and they seized it all and gave it or sold it to the people for the State's dictated price, what do you call that?

Because I call that State-dictated market.


The problem with people trying to label Venezuela is that they fail to see what it really is or don't know anything of what happens in there.

Time to sell venzuela citizens as slaves to raise economy

Geschrieben von Al Fappino, 14.09.2017 at 18:22

Geschrieben von Skanderbeg, 14.09.2017 at 10:34

Venezuela is not socialist or communist, they are mixed system with free market (supply & demand dictate the price, not the state, but government own few companies and compete in the market unlike fully capitalist state which leave only civilians to be private owners).

Bruuuuuuuuuuuuuuuuuuuuuh

"Supply & Demand dictate the price, not the state"



So when the State sends the Military Police to occupy a Supermarket (mainly) because their products were a bit more expensive than the rest, and they seized it all and gave it or sold it to the people for the State's dictated price, what do you call that?

Because I call that State-dictated market.


The problem with people trying to label Venezuela is that they fail to see what it really is or don't know anything of what happens in there.

I completely forgot that Ven. govt started to dictate prices, i guess news about NK and US supressed it like bigger deal.

In this case yes, that's socialism, the worse policy. Because trying to make prices without having state-owned companies is probably the most stupid thing in economics. That is destined to fail.