Message from @Sampuka
Discord ID: 334091706729496587
IIRC there is GDP, brb
there was welfare in the 50s pretty sure
But was the link to increased wealth due to a lack of wealth fair ?
or at least the socdem movement had begun
rip, my source is apparently offline
GDP isn't very helpful tbh
I like income better
median
taking buying power into account
is there a problem with this?
@Sampuka Socdem started off in the early 60s, or by the 1970s
the movement started in the 20s though
There was some welfare before, yes, but it swelled after social-democrat reforms were implemented
the famous social democrat premiermenister was in 1924
effective reforms started off 40-50 years later tho
doubt it, but I don't know for sure
Social democracies only work on wealthy countries who implement economic liberalism tbh
well buying power is an important factor to see how rich a country is
And it's not certain that the welfare state will be kept sustainable
Define "imperialism"
in other words why venezuela failed
you can easy figure out some buying power if you look at inflation and the costs of living
Venezuela was straight collectivism, it's different
imperialism in capitalism is buying very very cheap labor from poor countries
Government kept seizing foreign property and private property as a whole and spread their tentacles over oil industry, which became the walking stick of venezuelan economy
well it tried, but it wasn't collectivized
That's not imperialism though, that's just trade opportunism
"imperialism in capitalism is buying very very cheap labor from poor countries" i agree
Venezuela shot intself in the foot by making it so hard for foreign investers
^
not if your country wars the poor country and makes the state accept it
They could be very wealthy
They also ended with agriculture because "HURR DURR OIL WILL PAY FOR OUR FOOD"
venezuela shot it's other foot by relying on oil
Dude
*they literally burned crops*
*for no reason*
They should have invested the oil money
like UAE