Quote:
Originally Posted by nomadking
It's a matter of who and what you focus on. If you focus on things like price controls, as in Venezuela, any planned gains are more than wiped out by what should've been the wider concerns and impact. Being free and easy with money, whether from borrowing or from oil resources, rarely works out well. Our economy is in a far, far better state than Venezuela or Greece, unless and until Corbyn gets in.
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All that in a country that should be rich from oil revenues. If the government had been prepared to subsidise the producers in some way, it might have not turned out so disastrous. The UK effectively does a simliar thing by having a zero VAT rate. |
And none of that has any bearing on the Labour proposals here. It’s lovely scaremongering though.
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Quote:
Originally Posted by OLD BOY
Interesting theory. Shame about the floods, though.
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Why do you think we are protecting ourselves against the hordes?
**Joke
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Really? Well, that says it all about your perspective, jfman.  |
There’s no link between the proposals in Venezuela and what Labour Party are proposing here. It’s the “socialist” bogeyman being wheeled out once more.
The Venezuelan economy is also suffering from US sanctions. It’s not like them to get involved in South American politics because of ideology...