Comments by "" (@shauncameron8390) on "VisualEconomik EN" channel.

  1. Due to agriculture.
    8
  2. Oil-rich.
    4
  3. Due to oil and foreign migrant labor.
    4
  4. All oil-rich and dependent on US military protection.
    3
  5.  @handsfortoothpicks  That's typical of socialism. The state, not the people, own the means of production.
    3
  6. Sanctions are a poor excuse for mismanagement.
    3
  7. <regimes are fearful to do so> Because economic freedom = personal freedom. And personal freedom = more people questioning the regime and eventually calling for the regime to step aside.
    3
  8. And keeping the populace pacified.
    2
  9.  @Will-ef2tw  Also technology.
    2
  10.  @tealkerberus748  Because of government meddling.
    2
  11. Over GDP, that is. But in terms of GDP per capita, China is just barely $10K.
    2
  12.  @handsfortoothpicks  But Daniel Ortega is.
    2
  13.  @Julio-xz3or  Yet a lot of its citizens have to live in France, because they can't afford Monaco rent.
    2
  14. Exactly.
    2
  15. But Venezuela's own mismanagement did the most damage.
    2
  16.  @stevefan8283  Because Maduro banned all imports and any attempts were seized by Venezuelan customs.
    2
  17. Exactly.
    2
  18. Proving America's Founding Fathers right about democracy. Once the people are able to vote themselves access to the treasury, you can kiss the nation ADIOS!
    2
  19.  @MassiveCarbonFootprint  In Quebec (that French-speaking province in Canada), we have government-subsidized private schooling.
    2
  20. But they do have Uncle Sam's military protection.
    2
  21. You prefer stagnation and regression?
    2
  22. Like China?
    2
  23.  @Eoin-B  North Korea never had vast natural resources. And their poverty was largely due to over-reliance on Soviet aid and the government's heavy-handed control as local industry gradually declined rendered unable to efficiently or adequately feed itself.
    2
  24.  @sandroman_04  They're poor by European standards.
    2
  25. Because of high demand and (government and geography-imposed) low supply.
    2
  26. LOL. What a bad comparison!
    1
  27. Mexico is not that poor.
    1
  28.  @thecomment9489  Not really. Socialism is the father of communism and fascism.
    1
  29. Exactly.
    1
  30. But dependent on Western military protection and foreign migrant labor as the locals are too coddled and spoiled to maintain the country themselves.
    1
  31. But they're not reliant on it to pay their bills.
    1
  32.  @stvdmc2011  Did those countries antagonize Uncle Sam enough to warrant any sanction?
    1
  33. F---ing PIGS!
    1
  34. Albania, Equatorial Guinea, Nicaragua, Honduras, Moldova, etc. would all like a word with you on that.
    1
  35.  @tomricc69  Hardly. Even with the healthcare costs, the US's cost of living is still relatively low.
    1
  36. <subsidize them> With money stolen from the private sector through higher taxes.
    1
  37. There's hardly anything capitalist about those countries as they are de-facto socialist regimes.
    1
  38. The IMF and austerity measures are just consequences for populist politics and unsustainable economics.
    1
  39.  @oldskoolmusicnostalgia  Aside from Russia.
    1
  40. <just look at the USA, top 1% are oligarchs and the rest are slaves,> Hardly as only 11.4% of the population live below the poverty line.
    1
  41. Ultimately.
    1
  42. Spain = retirement home for elderly Brits.
    1
  43. Exactly.
    1
  44. <The Soviet Union never had an enterprise go bankrupt.> But the whole country went bankrupt.
    1
  45.  @oldskoolmusicnostalgia  <They have a purely profit-driven agenda and absolutely do not want to invest anything that might improve other sectors of the economy.> Because that's the government's job.
    1
  46. Mostly by its own government.
    1
  47. But proved to be inadequate substitutes for freedom in the end as Gaddafi found out the hard way you can pacify the people for only so long.
    1
  48. But at least they put that oil money to good use.
    1
  49.  @GoldenBoyDims  Europe had the technology and manpower to carry it out.
    1
  50. But they're held back by their dependence on the larger nations for their survival.
    1
  51. China only started prospering when it reformed its economic model. The UAE and Qatar are dependent on foreign migrant labor and US military protection
    1
  52. Like Nicaragua?
    1
  53. But mismanagement and corruption due to its did far more damage to the Venezuelan economy. It's not the embargo's fault that Venezuela is a one-industry country and is dependent on commodities that can easily be sanctioned.
    1
  54.  @Telencephelon  Yes it is true. And those tax-haven states are not independent countries.
    1
  55.    Puerto Rico was done in by its own far-left politics.
    1
  56.  @RonDiani  But foreign migrants are not counted in its overall economic statistics.
    1
  57. There's a reason Spain was among the PIIGS just a decade ago.
    1
  58. And no mention of Venezuelan mismanagement that allowed the oil infrastructure to crumble necessitating the exporting of oil to other countries for refining as Chavez and Maduro didn't bother reinvesting in the industry.
    1
  59. Who knew that price control = scarcity and inevitable price increase?
    1
  60.  CharlieHebdo12222  And US military protection.
    1
  61. Whether it be democratic, national, scientific or just plain ol' regular, the results are the same. Tyranny, poverty, economic stagnation and ruin, genocide, laziness, etc.
    1
  62. Yet over-regulation is what's killing Canada.
    1
  63. You forgot Spanish colonization.
    1
  64. The Philippines make lot of money from remittances.
    1
  65. Just ask Greece.
    1
  66. You can thank the Western Left for that.
    1
  67.  @sutapasbhattacharya9471  Hence the high alcoholism and suicide rates.
    1
  68. So many minerals but no technology or human ingenuity to make any good use of them.
    1
  69. LOL. None of those countries have laissez-faire capitalism.
    1
  70. But at least they can you what is a woman.
    1
  71. LOL.
    1
  72. That's as long as you keep your mouth shut and take it like a good boy from the Sheik.
    1
  73. Not really. Much of Eastern Europe consist of small countries yet they're struggling.
    1
  74. Most of the rich small countries are resource-rich tax-havens.
    1
  75. London and New York are elite financial centers. Tourism is just another source of income for them.
    1
  76. And pacified with "free" stuff.
    1
  77. States can afford to be complacent as they have no competition and they can legislate it out of business.
    1
  78. Not really other than (D) voters.
    1
  79. But for every Rwanda, there's Equatorial Guinea, Malawi, Eswatini and Burundi.
    1
  80. Notice that most of those rich small countries are either tax havens or oil-rich?
    1
  81. Just ask Cuba.
    1
  82.  @RubyDoobieScoo  As if the resources ever belonged to the people or the people know how to put them to efficient use.
    1
  83. Because with private enterprises, there is some level of accountability.
    1
  84.  @deezeed2817  Same difference as social democracy was a communist idea in origin just like fascism.
    1
  85. <but not for real people.> That would be foreign migrants as Emirati citizens just sit there and collect a check from the government.
    1
  86. It's rich, but most of its citizens live outside the country because they can't afford the living costs inside.
    1
  87. But there are 10's of millions of Americans whose salaries are at or above it.
    1
  88. But it wasn't the sanctions' fault that Venezuela mismanaged the oil industry to ruin. Chavez went of his own way to fire all the skilled personnel and replaced them with political supporters who weren't up to the task.
    1
  89. Or Moldova. Or Albania. Or Nicaragua.
    1
  90. LOL. Argentinians? Really? Argentina = the Spain and Greece of Latin America.
    1
  91. It's not the sanctions fault most Muslim countries are one-trick pony economies that could easily get shut down from the outside.
    1
  92.  @ThisNinjaSays_  <They come in all shapes and sizes, usually Black and White. They're never Muslims.> Enabled by feminism in Black and White girls' home countries.
    1
  93. Venezuela did itself no favors with firing its experienced personnel and replacing them with political bootlicks who weren't up to the task along with Chavez decimating whatever private sector the country had with price control and free money.
    1
  94. How about no?
    1
  95. The natural resource curse doomed the Spanish Empire and the USSR.
    1
  96.  @bristoled93  Take that up with the President/Prime Minister and Immigration Minister.
    1
  97. But Spain was one of the first European colonizers and slave-traders.
    1
  98. Provided by the the larger countries.
    1
  99. Notice that all the countries in the world that have state religion are either theocratic or communist?
    1
  100. Singapore is not a Muslim country.
    1
  101. <because of the sanctions by the US regime. > That came 3 years after the oil prices and Venezuelan economy collapsed as Maduro was no longer able to maintain the facade established by Chavez. And whatever diversified economy it should have had to lessen the impact was decimated by Chavez's over-regulation and nationalization of the private sector along with free money to the people. <Venezuela was one of the richest countries in South America> Entirely due to oil as it had not much else going for it. But bad politics rendered it all but completely another Argentina.
    1
  102.  @thecomment9489  <That has nothing to do with US regime's sanctions.> Sanctions didn't cause Maduro to mismanage the oil industry to ruin. <First go learn basic elementary maths then probably comment on topics you don't understand or has been heavily indoctrinated with.> Follow your own advice, Chavista!
    1
  103. With most of them situated in Africa.
    1
  104. And run by either populists or socialists.
    1
  105. Ditto for Iceland.
    1
  106. But Spain's model only benefited the elite, not the average person. And you can see that replicated in Latin America.
    1
  107. France and Germany having to prop up Greece, Spain and Portugal.
    1
  108. None of them are dependent on tourism to survive.
    1
  109. No. Nigeria has been corrupt since forever.
    1