Greg Palast on Venezuela

[dismal]

In 20 years from now, will it be the mainstream view that the current meddling was similar to what the US in the 1950s in Central America? By that point it will be academic.

I'm pretty sure the mainstream view will be just as it is now. That Venezuela fucked itself with idiotic economic policies.

I think we can be confident the policies will not become less idiotic with time.

You can't possibly be sure about any of that.

Do you know what covert activities the US has conducted? Did your mentor Donny tell you?

We know the US supported a coup that shot innocent protestors in the streets.

You are talking out your ass.

As usual.

I know what economic text books say about the policies Chavez/Maduro adopted. I know economic textbooks predict the exact consequences they got from the policies they pursued.

I don't see this changing as economics text books have said these things for many decades now.

 

[untermensche]

You can't possibly be sure about any of that.

Do you know what covert activities the US has conducted? Did your mentor Donny tell you?

We know the US supported a coup that shot innocent protestors in the streets.

You are talking out your ass.

As usual.

I know what economic text books say about the policies Chavez/Maduro adopted. I know economic textbooks predict the exact consequences they got from the policies they pursued.

I don't see this changing as economics text books have said these things for many decades now.

You mean texts written by US capitalism loving economists?

The same morons who never predict anything?

 

[dismal]

You can't possibly be sure about any of that.

Do you know what covert activities the US has conducted? Did your mentor Donny tell you?

We know the US supported a coup that shot innocent protestors in the streets.

You are talking out your ass.

As usual.

I know what economic text books say about the policies Chavez/Maduro adopted. I know economic textbooks predict the exact consequences they got from the policies they pursued.

I don't see this changing as economics text books have said these things for many decades now.

You mean texts written by US capitalism loving economists?

The same morons who never predict anything?

That's not how economics textbooks are referred to in the mainstream.

And they do predict exactly the kinds of things that happened to Venezuela when you of the things Chavez and Maduro did.

You ought to try reading one.

 

[untermensche]

You mean texts written by US capitalism loving economists?

The same morons who never predict anything?

That's not how economics textbooks are referred to in the mainstream.

And they do predict exactly the kinds of things that happened to Venezuela when you of the things Chavez and Maduro did.

You ought to try reading one.

True science makes predictions.

And capitalists economists can't even predict the near future. They have no science to help them.

Bullshit they predicted what would happen in Venezuela.

Venezuela merely has an outcome some capitalist economists like.

After the fact.

 

[dismal]

You mean texts written by US capitalism loving economists?

The same morons who never predict anything?

That's not how economics textbooks are referred to in the mainstream.

And they do predict exactly the kinds of things that happened to Venezuela when you of the things Chavez and Maduro did.

You ought to try reading one.

True science makes predictions.

And capitalists economists can't even predict the near future. They have no science to help them.

Bullshit they predicted what would happen in Venezuela.

Venezuela merely has an outcome some capitalist economists like.

After the fact.

Well, economics predicts that if you set power prices too low you increase the demand for power and reduce the capital available to maintain the supply of power.

It also predicts that when you nationalize the power company in response that the private capital spent on maintaining the power grid will stop.

And that when the government stops spending money to maintain the power grid and stops spending money top pay the employees who know how to maintain the power grid, eventually the whole power grid comes crashing down.

You don't even need Joe Biden to sabotage it.

 

[untermensche]

True science makes predictions.

And capitalists economists can't even predict the near future. They have no science to help them.

Bullshit they predicted what would happen in Venezuela.

Venezuela merely has an outcome some capitalist economists like.

After the fact.

Well, economics predicts that if you set power prices too low you increase the demand for power and reduce the capital available to maintain the supply of power.

You don't increase the demand. The demand is there for cheap power already.

You allow an existing demand to be realized.

Like making prostitution legal.

You don't create demand by doing that.

 

[dismal]

True science makes predictions.

And capitalists economists can't even predict the near future. They have no science to help them.

Bullshit they predicted what would happen in Venezuela.

Venezuela merely has an outcome some capitalist economists like.

After the fact.

Well, economics predicts that if you set power prices too low you increase the demand for power and reduce the capital available to maintain the supply of power.

You don't increase the demand. The demand is there for cheap power already.

You allow an existing demand to be realized.

Like making prostitution legal.

You don't create demand by doing that.

OK, well good luck with the whole "inventing your own economics" thing.

I'm guessing mainstream economists will likely continue to cling to the belief that lowering price increases the quantity demanded and decreases the quantity supplied.

 

[untermensche]

You don't increase the demand. The demand is there for cheap power already.

You allow an existing demand to be realized.

Like making prostitution legal.

You don't create demand by doing that.

OK, well good luck with the whole "inventing your own economics" thing.

What specifically is wrong with what I said and why?

You use the word "economics" like a Christian uses the word "scripture".

You have a religion and no sense.

Giving people cheap power doesn't create any demand.

The demand is already there in every single human on the planet.

 

[dismal]

You don't increase the demand. The demand is there for cheap power already.

You allow an existing demand to be realized.

Like making prostitution legal.

You don't create demand by doing that.

OK, well good luck with the whole "inventing your own economics" thing.

What specifically is wrong with what I said and why?

You use the word "economics" like a Christian uses the word "scripture".

You have a religion and no sense.

Giving people cheap power doesn't create any demand.

The demand is already there in every single human on the planet.

Maybe this will help:

[YOUTUBE]2Wp-diDRVKI[/YOUTUBE]

Try to guess what Wala'a would say happens when the government fixes price below the equilibrium.

 

[untermensche]

What specifically is wrong with what I said and why?

You use the word "economics" like a Christian uses the word "scripture".

You have a religion and no sense.

Giving people cheap power doesn't create any demand.

The demand is already there in every single human on the planet.

Maybe this will help:

3rd grade dodge.

It is total bullshit that giving people cheap power increases the demand for cheap power.

It merely allows people to act on a demand that already exists.

You've ignored this point three times already.

This shit YOU think is "economics" is nonsense. You can't support a claim you make.

 

[dismal]

What specifically is wrong with what I said and why?

You use the word "economics" like a Christian uses the word "scripture".

You have a religion and no sense.

Giving people cheap power doesn't create any demand.

The demand is already there in every single human on the planet.

Maybe this will help:

3rd grade dodge.

3rd grade, maybe. Dodge, no.

It's an attempt to increase your understanding because it's pointless to discuss economics with someone whose knowledge is below the 3rd grade level.

If you can't grasp that video, there is no hope for you.

 

[untermensche]

3rd grade dodge.

3rd grade, maybe. Dodge, no.

It's an attempt to increase your understanding because it's pointless to discuss economics with someone whose knowledge is below the 3rd grade level.

If you can't grasp that video, there is no hope for you.

Tell me why you think there is not already a huge demand for cheap power?

Why do you believe in this magic fairy tale that the demand somehow follows the supply?

 

[dismal]

3rd grade dodge.

3rd grade, maybe. Dodge, no.

It's an attempt to increase your understanding because it's pointless to discuss economics with someone whose knowledge is below the 3rd grade level.

If you can't grasp that video, there is no hope for you.

Tell me why you think there is not already a huge demand for cheap power?

Why do you believe in this magic fairy tale that the demand somehow follows the supply?

I think the quantity of power demanded increases when price is lower.

People can set their air conditioner's to lower temps. People can use electric heat instead of burning dried cow dung. Across the economy electricity at a lower price becomes more attractive versus other uses of money and versus substitutes for electricity.

Like, when Wala'a gets that extra box of blueberries when the price is lower but switches to grapes when the price is higher.

 

[untermensche]

Tell me why you think there is not already a huge demand for cheap power?

Why do you believe in this magic fairy tale that the demand somehow follows the supply?

I think the quantity of power demanded increases when price is lower.

People can set their air conditioner's to lower temps. People can use electric heat instead of burning dried cow dung. Across the economy electricity at a lower price becomes more attractive versus other uses of money and versus substitutes for electricity.

Like, when Wala'a gets that extra box of blueberries when the price is lower but switches to grapes when the price is higher.

That is not explaining how it takes cheap power for a person to want to keep their home cooler?

The demand for cheap power is already there. People already want to have a cooler home if it is too hot for them.

Supplying it is just meeting a pre-existing demand.

It is not creating the demand.

If this is what you call "economics" it's a bunch of shit.

 

[dismal]

Tell me why you think there is not already a huge demand for cheap power?

Why do you believe in this magic fairy tale that the demand somehow follows the supply?

I think the quantity of power demanded increases when price is lower.

People can set their air conditioner's to lower temps. People can use electric heat instead of burning dried cow dung. Across the economy electricity at a lower price becomes more attractive versus other uses of money and versus substitutes for electricity.

Like, when Wala'a gets that extra box of blueberries when the price is lower but switches to grapes when the price is higher.

That is not explaining how it takes cheap power for a person to want to keep their home cooler?

The demand for cheap power is already there. People already want to have a cooler home if it is too hot for them.

Supplying it is just meeting a pre-existing demand.

It is not creating the demand.

If this is what you call "economics" it's a bunch of shit.

Well, as I mentioned earlier, best of luck with the whole creating your own new economics thing.

The question here was about mainstream thought.

You may be that rare person for whom actively rejecting basic knowledge in favor of ignorance works out. Didn't work out great for the people of Venezuela, but since when does the left care about the consequences of its policies?

 

[untermensche]

That is not explaining how it takes cheap power for a person to want to keep their home cooler?

The demand for cheap power is already there. People already want to have a cooler home if it is too hot for them.

Supplying it is just meeting a pre-existing demand.

It is not creating the demand.

If this is what you call "economics" it's a bunch of shit.

Well, as I mentioned earlier, best of luck with the whole creating your own new economics thing.

The question here was about mainstream thought.

You may be that rare person for whom actively rejecting basic knowledge in favor of ignorance works out. Didn't work out great for the people of Venezuela, but since when does the left care about the consequences of its policies?

Another worthless fucking dodge.

Nobody waits until there is cheap power to desire to be cool in the summer. The demand is already there.

You don't know anything about real world economics, that is clear.

You're that clown talking about fantasyland economics from "Back to School"

 

[Jimmy Higgins]

Wow! 36 posts and I can see 3 of them!

...err 4 now.

 

[untermensche]

Wow! 36 posts and I can see 3 of them!

...err 4 now.

Point?

If you can see this.

 

[ZiprHead]

Maddow just said US is withdrawing all diplomats and says all US citizens in country should GTFO.

 

[repoman]

So one of the points that Palast asserted (is it true?) is that the US and UK are holding a digital currency siege on Venezuela's own money.

Not sure about this.