Comments by "" (@shauncameron8390) on "Economics Explained" channel.

  1. Poorly governed.
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  2. Hong Kong's problem is Beijing.
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  3.  @sownheard  Zimbabwe hasn't been capitalist since the final days of Rhodesia and Ian Smith's rule.
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  4. That's because Spain is the EU's retirement home. It's easy to say that when you know you probably are not going to be around in another 10 years and too old to enjoy it anyway.
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  5. Juan Domingo Peron.
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  6. Post-Pinochet is among the top 10 wealthiest countries in the Americas.
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  7. The consequences of rent control bearing fruit.
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  8.  @svr5423  Abolish alimony and no-fault divorce.
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  9.  @KavenLeandro  No. It's thanks to internal corruption and ineptitude.
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  10.  @eljanrimsa5843  Because Puerto Rico is a territory, not a state.
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  11.  @fabriciorosso  Inequality is the the natural consequence of living in a free (market) society as people are not equal in aspirations, skills, luck, aptitude, etc.
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  12.  @DivineInterceptor  As they don't want to be labeled racist or xenophobic.
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  13. Namely left-wing economists.
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  14.  @glendisshiko8182  <If the germans had Congo, then things would have been better> Namibia would like a word with you on that.
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  15. <Nothing will change until the government actually starts prioritising the wellbeing of the citizens > By prioritizing economic development.
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  16. Exactly.
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  17.  @leflavius_nl5370  Moral of the story: keep the borders closed, because as Sweden's finding out the hard way, social democracy and open borders don't mix.
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  18.  @japanesus_  The same Norway with a robust private sector and didn't resort to eating the rich to achieve its prosperity?
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  19. <NK was sanctioned by the US> Yet received Soviet aid.
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  20.  @ArawnOfAnnwn  Equatorial Guinea. Don't let its high GDP per capita fool you as 75% of the population is poor.
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  21.  @Homer-OJ-Simpson  The Cuban government pays them peanuts.
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  22.  @mikutsu5356  Puerto Rico, Guam, USVI, American Samoa, etc. are not starving.
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  23. And interestingly, a lot of those same Chavistas moved to the US they claim to so hate.
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  24. Wealth inequality is not a problem as there never was a time when people were equal in much of anything including earning potential.
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  25.  @svr5423  At the expense of their grand-children as they voted for more debt to support the easy life.
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  26. Both of them are ran by Marxists.
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  27. So was South Korea by the North (USSR). Yet somehow once the bombing stopped, North Korea was wealthier than South Korea.
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  28. @Citro Soda An increase in state power often results in an increase in corruption as the state will have free reign to do whatever it wants.
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  29.  @shorewall  Good PR with outsiders.
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  30. Because that's irrelevant to how the Kims ran the country into the ground even with all the financial help it got from China and the USSR. And what was South Korea's excuse as it was poorer at the end of the War?
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  31.  @maximipe  LOL @ Communism. Communism practices exactly capitalism is often accused of. 1% vs. 99%. 1% = government and the well-connected. 99% = everyone else. Never mind the borrowed and stolen resources it depends on to present the illusion of viability as it's inefficient and inadequate to produce its own wealth.
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  32. And then run it into the ground by mismanagement, corruption, ineptitude, etc.
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  33. Whatever, tankie!
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  34.  @elmohead  Not really. By GDP per capita, North Korea is poorer than all but 7 African countries.
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  35.  @MistikaManiac  Finland has a free market. Venezuela barely has that anymore due to Chavez and Maduro nationalizing and price-controlling it to ruin.
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  36. Yet that didn't stop DPRK from being wealthier than ROK at the time the war ended.
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  37.  @inkbold8511  No. It's called Juan Peron.
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  38. It is when America hasn't terrorized North Korea since the Korean War. And North Korea is just using America to justify letting its citizens starve.
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  39.  @anuradhajaishankar7903  US blockades didn't cause Venezuela to purge the skilled workforce with regime loyalists. It didn't cause Chavez to seize all the factories and farms killing off its ability to feed itself having to rely on outsiders for food and other basic necessities. It didn't cause Chavez to impose price controls crippling private enterprise and their ability to turn in a profit and stay in business along with the supply chains. US blockades have nothing to do with it as Venezuela's collapse took place 3 years before any blockade was imposed.
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  40. Resulting in higher operating and retail costs, unemployment, etc.
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  41. And under it. Not so much if you were part of the ruling class.
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  42. Not nearly as badly as the Cuban government and its central planning model.
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  43. Stability doesn't mean much if it's not prospering. North Korea has exactly that. Ditto for Eritrea.
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  44. Embargoes are not responsible for mismanagement and incompetence.
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  45. Not really. It's not the US's fault that Venezuela destroyed private enterprise and domestic production and in turn its ability to support itself en route to making itself oil-dependent and reliant on imports.
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  46. Agreed.
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  47. Because they happened well after the economy collapsed?
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  48.  @elmohead  North Korea got plenty of Soviet and Chinese help and yet still went backwards. It's not South Korea's fault that North Korea squandered all the help they received and reduced itself to its current pathetic state.
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  49. Ditto for Cuba.
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  50. There's barely anything capitalist about Argentina.
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