How well do you think the economy is going in the next few years?

[Ruler]

morenoingrato said:

Ruler said:

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.

Links are US media they are mostly filled with propaganda because venezuela doesnt agree with uncle sams policies, look at the real numbers venezuela is richer than other countries in that region. I can also show various articles showing bad things about mexico a nafter country which is supposed to be economicly strong yet it isnt.