Half the Venezuelan economy has disappeared

[Nem]

Leadified said:

DarthVolod said:

So the means of production are all state owned in Norway now? It is more accurate to say Norway is capitalist in economic terms, but they also heavily tax and provide a large welfare state ... not exactly pure socialism if you ask me; more a mixed social democracy concoction. 

Destabilizing factors ruined Venezuela? I know US relations with them have been crap for a long time but that is one hell of a reach to pin the blame on the US while ignoring the dictator and the whole state run economy society-destroying socialism they embraced. 

How can Venezuela be socialist if it has a private sector? Where do you draw the line between Norway and Venezuela.

Oh it's just the old american tropes. It got taught to their fathers during the post WW2 and passed on to them, because the enemy were the germans. They really don't know/understand much about economy.

Heck, most of them think socialism=dictatorship.