ProfessorDave |
07-17-2020 08:31 AM |
Interesting - To Compare To Venezuela
Quote:
Originally Posted by Bay Kid
(Post 1803968)
In the '60s they were one of the riches countries. What happened?
Statues were torn down.
Citizens turned against each other.
Street names were changed.
Flags were redesigned.
Police were murdered then disbanded.
Churches and businesses were destroyed.
Socialism.
Not a good direction for the USA.
|
If you are serious - about what happened in Venezuela - I'll share what happened there - and - some other countries including Greece. In the research viewing what is called the GINI index its correlation with societies - we do have reasons to worry.
You are right - Venezuela was the shining light of S. America. If you charted the GINI index - it became the widest in world of democratic countries. What's the GINI index? It's a mathematical formula that measures the difference between the wealthiest in a society versus the middle class. Throughout history - when that index becomes it's most extremes - society snaps. The middle class says "this isn't a fair game anymore." The result is socialism - and/or dictatorships.
Can you guess what country has a GINI index that has become the most extreme in the world - and especially in the past 4 years? USA. For example, if you went back 50 years in the United States, the difference in wealth between the top 1% and the middle class was 7 times. Now it is over 30 times.
Here's a question to ask. Let's say you LOVE the game MONOPOLY. And - they change one rule. If you win - you get to keep all the money you made going into the next game. You didn't win the first game. What's the chance you'll win the second game. And- five games later, do you still want to play.
Please understand - I'm an ADAM SMITH capitalist (the father of the philosophy). The system has been GREAT for me and my family. While I worked hard - I also know that luck did come into pay - much like most that did well financially. However, I worry for my grandchildren that the pain of what is becoming the majority of our society is going to snap - and - we'll become another Venezuela.
|