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Moren on 26 February 2015
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Ruler said:
morenoingrato said:

I am not going to deny the U.S. fucked up here early on. The result of that is the extreme left that has been going on here for years. It already imploded in Venezuela and is slowly developing very negatively in the rest of the region. The region needs to stop that.

What are the results? Venezuela (The most redical left country)? Massive recession. Argentina? Recession. Brazil? Stagnant. With low oil Ecuador might just be heading towards a recession and it is showing no signs of liberating its policies. It is no surprise the only country that has not gone full left is doing well (Chile) and Colombia is doing relatively decently.

Just watch, South America is heading towards a rude awakening. I am no advocate of far right, but this extreme left in South America is a tickling bomb that has already detonated in Venezuela.

EDIT: It seems you edited your post, and I disagree. That is what the ultra corrupted Maduro is blaming on for his incomptence in Venezuela and that is what the president of Ecuador is trying to tell us, but we are not buying it. It is their colossal screw ups.

Chile is only doing better because of copper reserves, look at cuba and venezuela who are some of he richest countries in south america and argentinia too

http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD/countries/CU-VE-CL-CO-EC-MX?display=graph

Mexico for example is closest to the US inflence and performs not so good.

Eh, sorry, but using a graph vs. seeing the situation developing in real time is totally different.

The reason Venezuela developed a relatively strong economy over the years is because it still has huge amounts of oil. Yet the situation there is very bad at the moment. People can not get food, human rights violations are commited daily and cheap goods like condoms are sold at over $500. They are having a horrible time even with vast oil reserves. Produces more oil than UAE yet people can not get food. Go figure.

We are not talking about the accumulated GDP per capita but of the current situation, which looks super grim. Both Venezuela and Argentina are heading towards recession.

http://www.reuters.com/article/2014/12/30/venezuela-economy-idUSL1N0UE1FY20141230

http://www.businessinsider.com/r-venezuelas-economy-shrunk-28-percent-in-2014-maduro-2015-1

http://www.cato.org/blog/world-misery-index-108-countries#MY9WlA:FZO

 

Look at the top 2 countries in the misery index. And believe me, Ecuador and others are heading there by using the same policies.

Cuba is doing okay, I guess, but it is not in South America and had adopted communism for a while anyway.