@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

they only work with countries that are imperialist

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

But they'd rather give everyone their basic needs

@ClibtardMario I heard that was the opposition

UAE is smart, they have their hands in everything

who burned crops?

It was the chavist government, they found the miracle of oil and began burning crops because "oil revenue will pay for our food imports, fuck it"

when are w talking?

I'm thinking recently

I don't know the exact timeframe

Socialists regimes often make grave mistakes in thinking they nkow better to do with a whole lot of sectors

Venezuela and the great leap forward by china are good examples

great leap forward, possibly the most retarded thing in the 20th century