RGacky3
5th April 2011, 14:02
Hugo Chavez's Socialism:
1. The Venezuelan economy grew on average by 11.85% in the period 2004–2007
2. poverty in Venezuela stood at 28% in 2008, down from 55.44% in 1998 before Chávez got into office.poverty in Venezuela stood at 28% in 2008, down from 55.44% in 1998 before Chávez got into office.
3. Extreme poverty has fallen by 72 percent.
4. Since Chávez was elected in 1998, over 100,000 worker-owned cooperatives—representing approximately 1.5 million people—have been formed with the assistance of government start-up credit and technical training
5. In 2010, Chávez supported the construction of 184 communes, housing thousands of families, with $23 million in government funding. The communes produce some of their own food, and are able to make decisions by popular assembly of what to do with government funds.
6. the state income from oil revenue has "increas[ed] from 51% of total income in 2000 to 56% 2006"; oil exports "have grown from 77% in 1997 [...] to 89% in 2006";
Bolivia, higher growth rate under Morales then in the last 30 years, and lowered income inequality,
So .... How did the Free Market experiment work out in say ... the United States, Argentina, Iceland? The US is going down hill, why? Capitalism is a failure, Bolivia, venezuela, the strong European Social democracies, are doing good and better, why? Socialization works.
1. The Venezuelan economy grew on average by 11.85% in the period 2004–2007
2. poverty in Venezuela stood at 28% in 2008, down from 55.44% in 1998 before Chávez got into office.poverty in Venezuela stood at 28% in 2008, down from 55.44% in 1998 before Chávez got into office.
3. Extreme poverty has fallen by 72 percent.
4. Since Chávez was elected in 1998, over 100,000 worker-owned cooperatives—representing approximately 1.5 million people—have been formed with the assistance of government start-up credit and technical training
5. In 2010, Chávez supported the construction of 184 communes, housing thousands of families, with $23 million in government funding. The communes produce some of their own food, and are able to make decisions by popular assembly of what to do with government funds.
6. the state income from oil revenue has "increas[ed] from 51% of total income in 2000 to 56% 2006"; oil exports "have grown from 77% in 1997 [...] to 89% in 2006";
Bolivia, higher growth rate under Morales then in the last 30 years, and lowered income inequality,
So .... How did the Free Market experiment work out in say ... the United States, Argentina, Iceland? The US is going down hill, why? Capitalism is a failure, Bolivia, venezuela, the strong European Social democracies, are doing good and better, why? Socialization works.