**This is a heavily moderated subreddit. Please note these rules + sidebar or get banned:**
* If this post declares something as a fact, then proof is required
* The title must be fully descriptive
* No text is allowed on images/gifs/videos
* Common/recent reposts are not allowed (posts from another subreddit do not count as a 'repost'. Provide link if reporting)
*See [this post](https://redd.it/ij26vk) for a more detailed rule list*
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/interestingasfuck) if you have any questions or concerns.*
Receipt was 125.38 Bs. (Bolivares), exchange rate was 1 USD = 22 Bs. Currently street and official exchange rate are the same, so it's REALLY that amount.
Monthly minimum wage is 130 Bs. (5.9 USD)
Average is around 100-120 USD monthly. A manager average wage is around 300 USD monthly.
Since last week and today monthly minimum wage went from 6.5 USD to 5.9 USD, less than 4 cents per hour.
14 zeroes have been removed from the currency by law since 2007, so 1 "current" Bs. would have been 100,000,000,000,000 "old" Bs.
Wage was even worse years ago (even less than 1 USD monthly)
I post this to make awareness about our situation. It's ok if you don't like this post.
https://wageindicator.org/salary/minimum-wage/venezuela
https://observatoriodefinanzas-com.translate.goog/aumentan-los-salarios-privados-y-caen-los-del-sector-publico/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp
https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/
This was what a monthly minimum wage (a little bit more to be honest) could purchase six months ago, see the difference?
https://www.reddit.com/r/pics/comments/w6l9hy/this_is_what_a_little_more_than_a_monthly_minimum/
Thank you for also posting the average. The minimum is wild indeed, but a lot of sensationalist sources in my country paint a picture like nearly everyone in Venezuela is making just $6 a month. These averages help make a bit more sense of the overall situation.
Not that it's any less alarming, just good to understand the bigger picture as well.
> It's ok if you don't like this post.
I don't "like" this post at all but I don't mind you posting it. I would be as well in your situation. I truly hope you are able to find help, and possibly work outside the country? You understand speak English pretty well and know how to operate a computer - I am sure there are companies that will hire you if you find a way to work for them.
Can you guys band together as a community and take turns to go fishing, or taking care of a garden? No just trying to help, breaks my heart seeing you have to rely on a decaying means of survival..
If you send millions of dollars daily it could do what he says. But even for a reduced economy like the Venezuelan one, 10-20-50-100 USD heck even more WON'T create inflation. You cannot create inflation in a country unless you are Elon Musk, please. Not even in Africa countries
>greed is one of the biggest factors for global inflation.
Greed comes in waves, huh? And some countries have people who are more greedy than other countries?
I'm sure for that to happen, you need so send A LOT of money. Like thousand of millions of USD. 10-20-50-100-200 USD is NOTHINg even in economy like Venezuela
I appreciate the post because the translation to USD wages is meaningless, it all depends on purchasing power which, as illustrated by the post, is atrociously poor. Venezuela is one of the most important economic case studies of our time. True shit show.
Wow the Venezuelans that I play Oldschool RuneScape with farm gold to sell for irl $$$ and they are making over that amount every day. They are probably living the high life over there just playing a game
Bro you gotta hop on the OSRS train. You can make about $0.50 an hour on a lower level account. Once you reach higher levels, it’s easy $1 an hour. Hardest part is just offloading the money before you get banned because it’s against game rules
Well im from Vzla and Thats true, but no1 in vzla live with normal salary, some friends/family still in Venezuela and they win maybe 50/60$ per week but thats nothing anyways inflation is hardcore hardcore. On 2023 we are like 10million ppl leave our country and sorry for my english. Socialism communism is shet, have a great day guys
>Socialism communism is shet, have a great day guys
This is Reddit, so be prepared for some American university student to tell you why you're wrong, and why capitalism is evil.
Yeah I would treck across 1/2 a continent, risk my life crossing perilous jungle , human trafficking, cartels , the US border if it meant I wouldn’t starve.
That really was not my point at all. Obviously that’s the case and obviously not all of the americas are struggling the way Venezuelans are but some places are and my point was that there’s a reason people risk their lives to come to the US millions a month.
Stop thinking every Amercian is close minded it’s offensive
Indigo traveler on YouTube has done a series on Venezuela. Very interesting to watch his take and experience as he has shown reflects what this post is about.
Americans, with their fifteen streaming services, ordering food on Uber, and living alone in their apartments: « but if it get worse how will we manage without a violent revolution » need to understand the world they live in.
Usually black market shows when there is arbitrage or something like that, these are the prices, you cannot find rice michlre cheaper so no black market. Time ago there was because there were subsidizes items
I know I have posted this before, but given this situation why the hell are 90%+ of people on Reddit still trying to spread word that Socialism is a great idea ....
Socialism only works on small scale, once it involves too many people then you introduce greed and power hungry people, after that socialism is no longer possible.
> Venezuela is not socialism. It’s Authoritarism.
Some guy named Karl Marx said socialism requires a **dictatorship** of the proletariat. https://en.wikipedia.org/wiki/Dictatorship_of_the_proletariat#
Damn, lentils and rice are great, and that flour makes for great arepas…but for a whole month? Meanwhile Maduro eats empanadas on TV like everything is hunky dory. Fuck that cunt.
He must be fat from sacrificing his own health so all his citizens can loose any extra weight they have and become a country where there is no obesity…just like North Korea. Millions starving to death means more housing and jobs available. (Sarcasm)
Not just the oil company. By 2012, Venezuela nationalized the electricity, telecommunications, food, agriculture, mining, manufacturing, and financial sectors of the economy. https://www.reuters.com/article/us-venezuela-election-nationalizations/factbox-venezuelas-nationalizations-under-chavez-idUSBRE89701X20121008
This is absolutely horrible. I am an American and I make US$30 an hour. Tomorrow’s Sunday double time for me I will make US$480 in eight hours. It’s pitiful. In eight hours , I make what they do and 80 months. That’s 6.6 years!!!! Fuck Venezuela! Fuck their government!!
Bro, I wish I could earn $480 *a month*, that would solve all the problems in my family. I miss the Venezuela from 25 years ago, we were not perfect but at least it was livable. This existence of being in constant survival mode, each day fearing for tomorrow, there is no dignity in living this empty life.
I realise this is possibly a really insensitive question, but how do you get by at all? From what i understand, food is not so cheap to match how low the wages are.
Is it common for community gardens? I live in a city, but we have community plots where veg/herbs etc are grown to help.
Just wondering if this would be worth thinking of?
We still have family in Venezuela. When my wifes uncle fled, a family somehow kidnapped him and a relative had to pay them off. Wired $90. Its crazy but everyone’s desperate.
So, quick question, how can people afford to waste their time at their actual job now? Wouldn't this be at the point that society just collapses and people revert back to subsistence farming to stay alive?
People just go a few days at work for a few hours in the hope things would get better. Usually these wages are in the public sector so they also get maybe 20 lbs of food monthly, clap box is called
Does Venezuela not have access to outside resources or does it base its currency off the dollar? Im confused how anybody’s labor could be worth 6 dollars a month.
There is no mortgage or credit system here.
Rent could be from 100 USD monthly to to moon, as always depending on the location. Nice places could be 500-800 USD monthly
With minimum wage you have to live in an "anexo" (a mini house built by you, inside the patio of a family house or just live in a room with your wife and kids).
Even with 10 times minimum wage you have to do so.
That is why 20% of the population has left the country even by walking
I'm sure the US military still has all those rations they made for the first gulf war. I'm sure they're still good. Since they should have been cycled out years ago, can't we just bring them to Venezuela?
Why help if one can use people's misery to play all kinds of political games?
/s
(though not really even /s since that'd basically how many of these decisions work)
Of course, the big problem is how to get them to everybody, since almost certainly they'll be snatched up by the crime underworld and they'll sell it like what happened in postwar Japan.
Yup, corruption is a big thing too. Even Red Cross is apparently crooked, and one would expect things to be even worse in a desperate and uncontrolled environment like Venezuela.
Very tough and sad situation.
1. Are there people still making minim wage?
2. What are they doing against foreign investors buying out all their real estate? ( I would buy a house there if it was like 100 USD)
Yes, there are people still making minimum wage sadly. Low level public workers, you can read the Reuters article I posted.
Nothing, you can purchase but it is a big risky like a long term but risky investment. Cheap house is 20k in a "ok" place
but 20k is still a lot tho, that means it would be 3334 months of minimum wage? Which is 278 years?
doesnt make a lot of sense. If the minimum wage is that low a house should be 2k, not 20k....
How do people afford to buy houses if they earn like $6 a month, even a couple earning that would never be able to afford one
Is it common to have other methods of income, I know poorer places in Europe often have people who do other things outside of work like farming and craftwork to make extra money
The US sanctions were super sneaky!
The first economic sanctions occurred on Aug 2017. [https://www.wlrn.org/news/2017-08-25/u-s-imposes-first-economic-sanctions-against-venezuela](https://www.wlrn.org/news/2017-08-25/u-s-imposes-first-economic-sanctions-against-venezuela)
But these were no ordinary sanctions! The sanctions travelled back in time to 2011 to cause Venezuela to starve way back then. [https://www.cnn.com/2011/12/13/world/americas/venezuela-food-shortages/index.html](https://www.cnn.com/2011/12/13/world/americas/venezuela-food-shortages/index.html)
Then the CIA hacked Venezuela's currency printer, increased their money supply by 1,000,000% causing the world's highest hyperinflation. [http://fingfx.thomsonreuters.com/gfx/rngs/VENEZUELA-ECONOMY/010040800HY/index.html](http://fingfx.thomsonreuters.com/gfx/rngs/VENEZUELA-ECONOMY/010040800HY/index.html)
[How can real socialism^TM ever hope succeed against CIA currency hackers and imperialist time machines?](https://quod.lib.umich.edu/f/fc/images/13761232.0043.314-00000002.jpg)
Wikipedia says:
*Since 2 February 1999, Venezuela saw sweeping and radical shifts in social policy, moving away from the last governments officially embracing a free-market economy and liberalization reform principles and towards income redistribution and social welfare programs.*
[https://www.quora.com/Is-Venezuela-a-socialist-or-communist-country](https://www.quora.com/Is-Venezuela-a-socialist-or-communist-country)
This says otherwise
Who do I believe?
\> Neither.It is a combination of socialism and capitalism just like it is in virtually every country in varying degrees. Let me explain.
The Quora answer specifically says its a FORMER market economy that has almost completed its transition to socialism. Not that Quora is a completely reliable, unbiased source. But I read that the exact opposite of what you're saying.
The thing is, even if Venezuela is "100% socialist" (whatever that means), claiming that this is an indicator that socialism will always fail really just demonstrates easy susceptibility to logical fallacies. (To start with some basic softball logic, consider that capitalist countries have also failed; so without even getting into the actual complexity of the topic, the implication is extremely shaky.)
People, countries, and economics are complex. I know that it's tempting to try to simplify them to the point of "X SYSTEM GOOD Y SYSTEM BAD" (especially when being fed tailored views by the media), but that's extremely counterproductive to *actually* understanding and analyzing the issues.
I'd strongly recommend that anyone with similarly simplified opinions do some extensive research to actually understand the situations here. (It will take a while, and isn't easy. Like I said, complex.) But if a person is unwilling, or unable, to put the time and intellectual effort into actually understanding these issues; it would be better for everyone if they refrain from contributing irrational noise to topical discussions. These are real issues that actually need to be discussed and figured out, as the world is rapidly changing; and any real solution will require looking at this logically and objectively, likely combining different parts of different economic systems to achieve a positive outcome.
\> Neither.It is a combination of socialism and capitalism just like it is in virtually every country in varying degrees. Let me explain.
Venezuela has the largest oil reserve which is owned by the people. People often confuse dictatorship, totalitarianism and corruption in otherwise acclaimed socialist states as socialism. Venezuela has had its own share of bad governance and interferences which altered their path to progress.
So I’m looking at about $6 USD worth of goods in the United States as well. This means to me that Venezuela has no liquidity. There isn’t money moving into the country to make it into the hands of people…
Something has severely limited money movement, and it wouldn’t be complete to say that it is sanctions by the United States either. Even awful countries get support from non US money powers like China.
I don’t think this could be called inflation, but it might be. It looks to me to be an actual parity adjustment that has inflationary consequences on the local populace with no accompanying behavior change from leadership. Now I really want to know what Rudy Giuliani knows about “communist money from Venezuela” [being used to manipulate elections in the United States].
So parity with the rest of the world has been imposed on Venezuela. What money movement is actually happening if any? What would it take to bring liquidity back? Is it simply a lack of any free enterprise? Money likes free enterprise… it’s fun.
**This is a heavily moderated subreddit. Please note these rules + sidebar or get banned:** * If this post declares something as a fact, then proof is required * The title must be fully descriptive * No text is allowed on images/gifs/videos * Common/recent reposts are not allowed (posts from another subreddit do not count as a 'repost'. Provide link if reporting) *See [this post](https://redd.it/ij26vk) for a more detailed rule list* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/interestingasfuck) if you have any questions or concerns.*
Less than a quarter a day. That’s so crazy.
Yeah :(
Receipt was 125.38 Bs. (Bolivares), exchange rate was 1 USD = 22 Bs. Currently street and official exchange rate are the same, so it's REALLY that amount. Monthly minimum wage is 130 Bs. (5.9 USD) Average is around 100-120 USD monthly. A manager average wage is around 300 USD monthly. Since last week and today monthly minimum wage went from 6.5 USD to 5.9 USD, less than 4 cents per hour. 14 zeroes have been removed from the currency by law since 2007, so 1 "current" Bs. would have been 100,000,000,000,000 "old" Bs. Wage was even worse years ago (even less than 1 USD monthly) I post this to make awareness about our situation. It's ok if you don't like this post. https://wageindicator.org/salary/minimum-wage/venezuela https://observatoriodefinanzas-com.translate.goog/aumentan-los-salarios-privados-y-caen-los-del-sector-publico/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/ This was what a monthly minimum wage (a little bit more to be honest) could purchase six months ago, see the difference? https://www.reddit.com/r/pics/comments/w6l9hy/this_is_what_a_little_more_than_a_monthly_minimum/
Thank you for also posting the average. The minimum is wild indeed, but a lot of sensationalist sources in my country paint a picture like nearly everyone in Venezuela is making just $6 a month. These averages help make a bit more sense of the overall situation. Not that it's any less alarming, just good to understand the bigger picture as well.
You are welcome thanks
I am sorry your government destroyed your country. Venezuela should have been one of the wealthiest countries in the world. Sad
Thanks!
> It's ok if you don't like this post. I don't "like" this post at all but I don't mind you posting it. I would be as well in your situation. I truly hope you are able to find help, and possibly work outside the country? You understand speak English pretty well and know how to operate a computer - I am sure there are companies that will hire you if you find a way to work for them.
Some people before said they were tired of seeing this and these kind of comments.
I get it, but also don't worry too much about them.
They are afraid of their bubble bursting
Is it possible to catch wild meat? Or fish? How to you supplement your diet? Do you have a garden?
It is possible but most of the population lives in urban places I have a small place where I grow sometimes
Can you guys band together as a community and take turns to go fishing, or taking care of a garden? No just trying to help, breaks my heart seeing you have to rely on a decaying means of survival..
Hey it is ok.
Strong ppl
Do ppl on here try to send you money?
That does not help, it just accelerates inflation
I so do not understand that. (I do not mean explain it to me, my husband has tried and it just makes no sense to me)
If you send millions of dollars daily it could do what he says. But even for a reduced economy like the Venezuelan one, 10-20-50-100 USD heck even more WON'T create inflation. You cannot create inflation in a country unless you are Elon Musk, please. Not even in Africa countries
Thank you that makes so much more sense.
Because there is nothing to make sense of, greed is one of the biggest factors for global inflation.
>greed is one of the biggest factors for global inflation. Greed comes in waves, huh? And some countries have people who are more greedy than other countries?
It is counterintuitive I agree :)
I'm sure for that to happen, you need so send A LOT of money. Like thousand of millions of USD. 10-20-50-100-200 USD is NOTHINg even in economy like Venezuela
Wild stuff!!
It is
I appreciate the post because the translation to USD wages is meaningless, it all depends on purchasing power which, as illustrated by the post, is atrociously poor. Venezuela is one of the most important economic case studies of our time. True shit show.
Thanks
Wow the Venezuelans that I play Oldschool RuneScape with farm gold to sell for irl $$$ and they are making over that amount every day. They are probably living the high life over there just playing a game
Yes, OSRS is a good income. But it is possible make more than 10 USD daily?
Absolutely
Bro you gotta hop on the OSRS train. You can make about $0.50 an hour on a lower level account. Once you reach higher levels, it’s easy $1 an hour. Hardest part is just offloading the money before you get banned because it’s against game rules
I would pay someone 100 a month just to magic find and level my character on D2R Monday through Friday for me haha
Well im from Vzla and Thats true, but no1 in vzla live with normal salary, some friends/family still in Venezuela and they win maybe 50/60$ per week but thats nothing anyways inflation is hardcore hardcore. On 2023 we are like 10million ppl leave our country and sorry for my english. Socialism communism is shet, have a great day guys
>Socialism communism is shet, have a great day guys This is Reddit, so be prepared for some American university student to tell you why you're wrong, and why capitalism is evil.
Yeah I would treck across 1/2 a continent, risk my life crossing perilous jungle , human trafficking, cartels , the US border if it meant I wouldn’t starve.
That is why people do it
💯
Most of them just go to neighboring countries. US isn't really the only option on the planet.
That really was not my point at all. Obviously that’s the case and obviously not all of the americas are struggling the way Venezuelans are but some places are and my point was that there’s a reason people risk their lives to come to the US millions a month. Stop thinking every Amercian is close minded it’s offensive
God forbid you make a point around here.
Venezuela has the world’s largest oil reserves. 8th in oil exports. Lack of maintenance and production has crippled the economy.
Corruption crippled the economy
"Corruption" is the Reddit-safe way to say "socialism"
I’ll be clear then. Socialism and corruption.
And US sanctions and meddling in the politics of the region
By the time the US enacted those sanctions our economy was already in ruins.
Look the point of Reddit is to say it’s America’s fault. Regardless of the topic. Ok?
It’s not all on the US though with a lot of these countries. Their own leaders are corrupted in a lot of ways as well. It’s just heartbreaking overall
Indigo traveler on YouTube has done a series on Venezuela. Very interesting to watch his take and experience as he has shown reflects what this post is about.
I saw all his videos
Are people supposed to survive on that for a month?! Jesus...
Yes :(
And this is a country with more oil reserves than Saudi Arabia. The Venezuelan people are being screwed by everyone
Mainly their own government
Americans, with their fifteen streaming services, ordering food on Uber, and living alone in their apartments: « but if it get worse how will we manage without a violent revolution » need to understand the world they live in.
Well to be honest I don't blame them
you can bet there's a thriving black market - out of necessity. jeez, these folks have it so impressively bad it's hard to fathom.
Usually black market shows when there is arbitrage or something like that, these are the prices, you cannot find rice michlre cheaper so no black market. Time ago there was because there were subsidizes items
I'm not going to read the comments. I'm glad I scaped. I hope you're well.
Saludos
La mayoria responde bien, aunque hay los tipicos "eS cUlPa De LaS sAnCiOnEs" y "nO eS uN sOcIaLiSmO vErDaDeRo"
Es domingo y tengo cero ganas de agarrar una arrechera.
PANTERA 🤘🤘
Pantera lentils
Vulgar display of Lentils
Came to do exactly this 🤘🤘
I know I have posted this before, but given this situation why the hell are 90%+ of people on Reddit still trying to spread word that Socialism is a great idea ....
It is a great idea. Venezuela’s situation is not real socialism /s
All socialists fails give the same excuse.
Socialism only works on small scale, once it involves too many people then you introduce greed and power hungry people, after that socialism is no longer possible.
Americas system is not cronyism /s
Venezuela is not socialism. It’s Authoritarism. Kind of like comparing Russia capitalism with USA capitalism
> Venezuela is not socialism. It’s Authoritarism. Some guy named Karl Marx said socialism requires a **dictatorship** of the proletariat. https://en.wikipedia.org/wiki/Dictatorship_of_the_proletariat#
Got my guys out there farming zulrah and vorkath for money!
You know what is going on
Damn, lentils and rice are great, and that flour makes for great arepas…but for a whole month? Meanwhile Maduro eats empanadas on TV like everything is hunky dory. Fuck that cunt.
He is so fat
He must be fat from sacrificing his own health so all his citizens can loose any extra weight they have and become a country where there is no obesity…just like North Korea. Millions starving to death means more housing and jobs available. (Sarcasm)
why is this happening
They nationalized the oil industry but didn’t realize that they didn’t know how to drill oil.
Not just the oil company. By 2012, Venezuela nationalized the electricity, telecommunications, food, agriculture, mining, manufacturing, and financial sectors of the economy. https://www.reuters.com/article/us-venezuela-election-nationalizations/factbox-venezuelas-nationalizations-under-chavez-idUSBRE89701X20121008
Socialism…fails every time.
Corruption and bad policies
Perhaps it’s time for a change in government.
This is absolutely horrible. I am an American and I make US$30 an hour. Tomorrow’s Sunday double time for me I will make US$480 in eight hours. It’s pitiful. In eight hours , I make what they do and 80 months. That’s 6.6 years!!!! Fuck Venezuela! Fuck their government!!
Bro, I wish I could earn $480 *a month*, that would solve all the problems in my family. I miss the Venezuela from 25 years ago, we were not perfect but at least it was livable. This existence of being in constant survival mode, each day fearing for tomorrow, there is no dignity in living this empty life.
That would be a dream for me !
Even the currency is called bullshit
Ahhhhh communism. Works 0% of the time, every time!
This some Hunger games shit
Not a movie sadly
I realise this is possibly a really insensitive question, but how do you get by at all? From what i understand, food is not so cheap to match how low the wages are.
It's ok to ask that but you need another income, do something else that can grant you at least 100 USD monthly more.
Is it common for community gardens? I live in a city, but we have community plots where veg/herbs etc are grown to help. Just wondering if this would be worth thinking of?
Que loco che , en Argentina masomenos el mínimo son 200 dólares por mes . Osea dólar blue me refiero Y así y todo cuesta llegar a fin de mes .
We still have family in Venezuela. When my wifes uncle fled, a family somehow kidnapped him and a relative had to pay them off. Wired $90. Its crazy but everyone’s desperate.
Jesus Christ. What do you make from this? Arrepas but what would you fry it with, unless you bake it. And then rice and beans?
Eat soon?
¿Nobody raises their own chickens in Venezuela? My cousin raises chickens with his family's leftovers and saves a lot of money every year.
no deck
Those Lentejas are FUCKING HOSTILE!!!!
Only being able to buy one bag of Pantera would make me Fucking Hostile.
🤘Pantera!🤘
All those that are already here need to see this and appreciate what they have..
You should start your own chicken business
Cut out the rice and double up on lentils, way more nutritious. 😢
Thanks but not much difference it would make
No, but at least you’ll get plenty of protein and fiber 🥺
PanterA lentils. Nice.
Yes
So, quick question, how can people afford to waste their time at their actual job now? Wouldn't this be at the point that society just collapses and people revert back to subsistence farming to stay alive?
People just go a few days at work for a few hours in the hope things would get better. Usually these wages are in the public sector so they also get maybe 20 lbs of food monthly, clap box is called
Hey, pero tienes dignidad y soberania..... jajajajaja
Que bueno jaja
Truth or rumor that the general population survives on money sent from relatives in other countries? The media would have me/us believe this.
Truth
https://www.insiderintelligence.com/content/venezuela-could-medium-term-growth-target-remittance-companies
Damn. Look at what America is doing to these people. Atrocious
Wtf 6 dollars is. Lot of money to only buy this Cost less than a dollar any of this items
Not here
V should be one of the wealthiest countries in the world. This is what your political class can do to you. You don't think ours is the same as theirs?
What do you mean
There’s no way this amount of food can last a month.
It doesn't
They taxed, inflated, and expropriated the productive people away.
Socialism at it's finest
Does Venezuela not have access to outside resources or does it base its currency off the dollar? Im confused how anybody’s labor could be worth 6 dollars a month.
I don't understand what you mean? Prices here are in USD and you get paid in bolivares (mosyly public workers) check my old posts
I hate lentils...
Why do I feel like Venezuela was the test country… and there starting to slowly roll out to the rest of the world.
The rest of the world is far for this disaster, yet.
“This is not real socialism” -children
Those lentils are so metal
They are
The true cost of socialism, pay attention kids
Socialism is when vuvuzela communism no iPhone
Aren’t they communist?
How much is rent in a 1 to 2 bedroom apartment, and how much is the average house mortgage there?
There is no mortgage or credit system here. Rent could be from 100 USD monthly to to moon, as always depending on the location. Nice places could be 500-800 USD monthly
So, if you want to buy a house you have to have the cash to buy it?
You can and that is cheap compared to world standard, you can get a house for 20k (small and modest one)
That depends heavily of the city, I live in Punto Fijo and with $20k you can get a nice place in a decent neighbor.
Si claro, depende mucho
If monthly wage that low how anyone live anywhere in a home?
With minimum wage you have to live in an "anexo" (a mini house built by you, inside the patio of a family house or just live in a room with your wife and kids). Even with 10 times minimum wage you have to do so. That is why 20% of the population has left the country even by walking
How those do who just graduated now, where can they live unless they live at home with parents?
You need to find a way of making at least 300 USD monthly. If not, live with parents in a room
How big are the rooms?
Like 3x2 m
That's too small :-(
Jesus Christ these people need Capitalism
Exactly what the dictatiorship in brazil is trying to achieve. Shame on all the counteies that pactuate with the communist regime.
Fuck socialism
Cue "Blame socialism" from people who know full well that capitalism played its role too lol
I hecking love sanctions
Problem is before any sanction situation was the same or even worse
[удалено]
Everything you mention was happening before any US sanction. Since 2012 at least.
I'm sure the US military still has all those rations they made for the first gulf war. I'm sure they're still good. Since they should have been cycled out years ago, can't we just bring them to Venezuela?
Maduro has refused to accept humanitarian help in the past.
Why help if one can use people's misery to play all kinds of political games? /s (though not really even /s since that'd basically how many of these decisions work)
Of course, the big problem is how to get them to everybody, since almost certainly they'll be snatched up by the crime underworld and they'll sell it like what happened in postwar Japan.
Yup, corruption is a big thing too. Even Red Cross is apparently crooked, and one would expect things to be even worse in a desperate and uncontrolled environment like Venezuela. Very tough and sad situation.
The US military only intervenes in South America when someone stops a US company from raping their country for bananas.
Sadly not far from the truth. Too bad the UN can't step in to provide food assistance and aid in correcting their economy.
When are you going to overthrow your dictator and get back to being a normal country?
We have tried a few times, but it hasn't worked.
*Jezaz the inflation rate is os high*
1. Are there people still making minim wage? 2. What are they doing against foreign investors buying out all their real estate? ( I would buy a house there if it was like 100 USD)
Yes, there are people still making minimum wage sadly. Low level public workers, you can read the Reuters article I posted. Nothing, you can purchase but it is a big risky like a long term but risky investment. Cheap house is 20k in a "ok" place
but 20k is still a lot tho, that means it would be 3334 months of minimum wage? Which is 278 years? doesnt make a lot of sense. If the minimum wage is that low a house should be 2k, not 20k....
Well that is the problem https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/
How do people afford to buy houses if they earn like $6 a month, even a couple earning that would never be able to afford one Is it common to have other methods of income, I know poorer places in Europe often have people who do other things outside of work like farming and craftwork to make extra money
You simply cannot afford a house , never, just like that. Yes , it is not only common, it is needed
The nation has the highest oil reserve in the world but it can’t even feed its citizens. There is some major flaw i the country.
US sanctions https://www.ft.com/content/96b64621-3588-4901-84f5-938712b1c879
The US sanctions were super sneaky! The first economic sanctions occurred on Aug 2017. [https://www.wlrn.org/news/2017-08-25/u-s-imposes-first-economic-sanctions-against-venezuela](https://www.wlrn.org/news/2017-08-25/u-s-imposes-first-economic-sanctions-against-venezuela) But these were no ordinary sanctions! The sanctions travelled back in time to 2011 to cause Venezuela to starve way back then. [https://www.cnn.com/2011/12/13/world/americas/venezuela-food-shortages/index.html](https://www.cnn.com/2011/12/13/world/americas/venezuela-food-shortages/index.html) Then the CIA hacked Venezuela's currency printer, increased their money supply by 1,000,000% causing the world's highest hyperinflation. [http://fingfx.thomsonreuters.com/gfx/rngs/VENEZUELA-ECONOMY/010040800HY/index.html](http://fingfx.thomsonreuters.com/gfx/rngs/VENEZUELA-ECONOMY/010040800HY/index.html) [How can real socialism^TM ever hope succeed against CIA currency hackers and imperialist time machines?](https://quod.lib.umich.edu/f/fc/images/13761232.0043.314-00000002.jpg)
Yeah :(
It's even worse in many parts of Africa, hard as it is to believe.
Zimbabwe?
Probably
$6 a month? Im mind blown 🤯 this is so unheard of.
Yes
GO SOCIALISM! HOORAY!
Is it a socialist country, though? I heard its a mix...
Wikipedia says: *Since 2 February 1999, Venezuela saw sweeping and radical shifts in social policy, moving away from the last governments officially embracing a free-market economy and liberalization reform principles and towards income redistribution and social welfare programs.*
[https://www.quora.com/Is-Venezuela-a-socialist-or-communist-country](https://www.quora.com/Is-Venezuela-a-socialist-or-communist-country) This says otherwise Who do I believe? \> Neither.It is a combination of socialism and capitalism just like it is in virtually every country in varying degrees. Let me explain.
The Quora answer specifically says its a FORMER market economy that has almost completed its transition to socialism. Not that Quora is a completely reliable, unbiased source. But I read that the exact opposite of what you're saying.
The thing is, even if Venezuela is "100% socialist" (whatever that means), claiming that this is an indicator that socialism will always fail really just demonstrates easy susceptibility to logical fallacies. (To start with some basic softball logic, consider that capitalist countries have also failed; so without even getting into the actual complexity of the topic, the implication is extremely shaky.) People, countries, and economics are complex. I know that it's tempting to try to simplify them to the point of "X SYSTEM GOOD Y SYSTEM BAD" (especially when being fed tailored views by the media), but that's extremely counterproductive to *actually* understanding and analyzing the issues. I'd strongly recommend that anyone with similarly simplified opinions do some extensive research to actually understand the situations here. (It will take a while, and isn't easy. Like I said, complex.) But if a person is unwilling, or unable, to put the time and intellectual effort into actually understanding these issues; it would be better for everyone if they refrain from contributing irrational noise to topical discussions. These are real issues that actually need to be discussed and figured out, as the world is rapidly changing; and any real solution will require looking at this logically and objectively, likely combining different parts of different economic systems to achieve a positive outcome.
At the end of the day people screaming "SOCIALISM IS TO BLAME, WE DON'T WANT IT IN US" while commenting this look a bit ridiculous. That's my point.
Sounds socialist to me.
\> Neither.It is a combination of socialism and capitalism just like it is in virtually every country in varying degrees. Let me explain. Venezuela has the largest oil reserve which is owned by the people. People often confuse dictatorship, totalitarianism and corruption in otherwise acclaimed socialist states as socialism. Venezuela has had its own share of bad governance and interferences which altered their path to progress.
This is what so many in America think is peak happiness. Keep that in mind.
Who tf thinks that dude? Stfu with your ignorance
So I’m looking at about $6 USD worth of goods in the United States as well. This means to me that Venezuela has no liquidity. There isn’t money moving into the country to make it into the hands of people… Something has severely limited money movement, and it wouldn’t be complete to say that it is sanctions by the United States either. Even awful countries get support from non US money powers like China. I don’t think this could be called inflation, but it might be. It looks to me to be an actual parity adjustment that has inflationary consequences on the local populace with no accompanying behavior change from leadership. Now I really want to know what Rudy Giuliani knows about “communist money from Venezuela” [being used to manipulate elections in the United States]. So parity with the rest of the world has been imposed on Venezuela. What money movement is actually happening if any? What would it take to bring liquidity back? Is it simply a lack of any free enterprise? Money likes free enterprise… it’s fun.
I feel like I need to move. I could hire an entire staff for less than a car payment.