socialism is when the means of production are collectively owned

the onus is on you to provide more recent data

you are trying to dismiss a 15 year trend

http://www.businessinsider.com/r-paralysis-at-pdvsa-venezuelas-oil-purge-cripples-company-2017-12

Socialist states fail because people would rather risk to be worth something, than to be equally worthless.

can you quote the part of that article that has data and isn't just saying that the venezuelan government expropriated something

it won't let me read it with adblocker on

The problem is the state, with Socialism it is too powerful.

can you not be a faggot?

it's really simple

in cuba, the means of production are owned collectively

cuba is socialist

in venezuela, they are largely owned privately

venezuela is not socialist

"the venezuelan government expropriated something"

That's the part proving to you its not capitalism

that doesn't prove anything

That is why I have only sympathy for Anarcho Syndicalists.

you can expropriate certain industries and still have capitalism

It proves something...

every capitalist country has a public sector

every capitalist country has state owned enterprise

The Venezuelan government has the authority to seize any and all private enterprise without any form of appeal

That's not a free market

yep

The difference is the ratio and the amount of government power over the market too

but this fucknut thinks it's MUH capitalism

Jfc, state owned enterprises is not capitalism.

so what? you have provided no proof that they have seized most private property

They have taken the entire oil industry, food production, etc

@versterven They ate it all

There are government owend companies in most of the major industries

okay but the most recent statistics show that the private sector is far larger

far larger than what?

the public sector

I have no problem with nationalising oil industry, or atleast put a tax on it.

So?

so that isn't socialism

Oil is owned by everyone, not who can buy the rights for it.

It is more socialism than what you traditionally think of as capitalistic economies

It's a *spectrum*

The Public sector only receives resources if it complies with the state (as shown with Bakeries)