I love Aiden so much because he's always willing to take someone at face value even if they're a random troll goblin in slimes chat. Bro just loves to talk to people istg
So to try to answer Aimen's question in good faith, simply it seems the argument is that Venezuela's collapse was not due to the oil price collapse and poor fiscal policy of Chavez and the Socialists but a number of political and fiscal events and decisions in the decades prior that would not have avoided Venezuela's outcome even if Chavez's government and party focused on building other industries. More Complexly: The argument appears to be that prior to the 1950s Venezuela was the biggest oil producer on earth, and two Marxist parties fought for power in the 1948 election which was invalidated when a military coup seized and held power till they felt presidential elections could be resumed again in 1952 after suppressing the Marxist parties. The military government rejected their loss in the 1952 election which led to years of strikes, rebel groups, and another coup for democratic elections which were held in 1958 with a ban on the Communist Venezuelan Party. The election concluded with a coalition between the three major liberal democratic parties one for the right, center, and left. During the 60s, they rebuilt the country from the nearly 15 years of coups and resistance fighting. By the late 70s, the coalition government began to privatize the oil industry, cut subsidies to government workers and other welfare programs, and drafted legislation to attract foreign investment in order to cut government bloat. As these new private oil companies began to demand more for their oil, the price of oil grew about 10% in 1978-9. This led to the coalition government raising the price of oil it sells at by 30% in order to keep up with production costs by 1989. This led to mass protest and a coup of the coalition government by Chavez in Feb 1989 leading to a state of emergency. By 1992 Chavez had secured control of Venezuela and began to re nationalize the now booming oil industry so the people and government could get in on the money. As they did, the US had declared multiple wars during the coup to secure sources of private oil in the Kuwait and Iraq, so by the time the oil industry was re nationalized, Venezuela major player in the oil market was questionable and did not have the resources to reinvest into other industries. With increasing sanctions due to the Socialist leaders Venezuela was unable to sell what oil they did have and further sanctions now make many feel it is unlikely that Venezuela could recover without outside economic aid. Thus the economic collapse was due to years of instability and the privatization of the oil industry at a time when Venezuela could have benefited from nationalization the most. And that the oil collapse could not be avoided because there was no ability to invest or shift the economy away from oil due to the coalition government "selling out the country" through privatization of its key industry and legislation that let "western nations rob Venezuela." At least that's the best arguments I could come up with seeing the chat and reading the Venezuela history wiki. I also tried to keep it somewhat short and digestible. IMPORTANT NOTE: The wiki has a lot of "citation needed" and sources that are difficult to check if they actually support what is being claimed. I have my own skepticism and issues with this narrative so you'll have to do the job of finding the issues so I can try to present it fairly, and if i didn't do it justice let me know where and what it is. :)
You got it pretty spot on imo. By the time the Venezuelan government nationalized their oil industry they were getting hit with sanctions and the price of oil was on a downward trajectory. Venezuela was never in the same position Norway was in. Norway's neighborhood also wasn't filled with far right dictatorships installed by the CIA.
Side note, basically all coups and such were CIA sponsored too. And the nationalization was such a big deal to the US because a US company owned a large part of it. So to put it simply, the CIA worked to destroy Venezuela for corporate interests, and the sanctions are just another method to keep trying to destroy them. The same way they are trying to destroy countries like Cuba, how they tried to destroy Vietnam and Laos, and all the other South American, African and middle eastern countries that tried to implement slightly socialist policies. (Fun fact: US corps can hire the CIA for this exact thing, the CIA is basically a company)
For those interested in Aiden's point of view without the need to watch the whole video, I'll provide a quick summary bellow: Europe = good :) South America = bad >:( I hope this helps clarify the situation and enrich the debate.
It hurts my soul as a Swede, our model of social democracy will never last. All social democracies are slowly being dismantled right now, because its simply inevitable when you give a small group of people the ability to gather wealth from others labour.
Yeah but the sanctions aren’t the main reason they’re in this situation, it didn’t help but they likely would’ve still been in the same situation even without. It was decades of political corruption and instability that largely caused it
@@4purs I know it isn't, it kick-started the whole thing, but Cuba is also under a massive embargo and they seem to be handling it somewhat well. I was just adding some context I think Aiden was missing. Yes they should've diversified like Norway, but they didn't really get a good chance at it
@@4purs the sanctions are what has made it impossible to recover, and are also illegal according to basically every country but the US, Israel and now Ukraine because theyre desperate for US funding
@@GC-ps9mn that's enough to cause political instability. I wasn't aware of it (there are so many in latin America that it's easy to lose track of them all). But that still doesn't justify everything that happened. I often like to use cuba as a comparison, because their blockade has been so much more restrictive and they thrive in comparison to other countries in the area
I have literally 0 understanding of any of this but I'm curious, in this analogy what makes Norway not a minimum wage worker to allow them to invest in contrast to Vzla, is it really just sanctions and other things restricting Venezuelan profits?
@@noamchemla It wasn't a well thought out analogy at all to be clear lol But Norway was already a well functioning industrialised country with a social safety net before they hit gold with the oil. It was easier for them to manage the extra wealth well. Norway was like a college educated middle class dude with a decent job and house owner winning the lottery
@@noamchemla the argument is that american interference means that they denationalized their oil industry in the early 90's effectively opening the doors to the US and foreign capital in general taking over their oil industry. basically they were exploited by the US gov. the popular civilian go that nationalized their oil industry in 1976 got couped and replace with one friendly to the US that sold off most of their assets for short term gain. whereas norway was never couped and their oil industry is still nationalized to this day. if you don't want foreign capital to extract all the profits from your industry it is essential to maintain national control over said industry, and during that time period and somewhat to this day the american gov. basically doesn't allow any of it's foreign adversaries to do so consequence free like norway has, through implementing sanctions, coups, assassinations, funding of paramilitary groups like the Taliban and plain election interference. they do this because they can implement friendly regimes that give them a share of the profits. Aiden is objectively wrong that the money was wasted on frivolous things, it simply wasn't. It's not like venezuelans were buying private jets and rolls Royce's, it all got sent overseas into Swiss bank accounts. you can track that in economic data of FDI (foreign direct investment) flows. as to how that relates to the analogy I would say it's better to picture them both as minimum wage workers who won the lottery, Norway hired a good financial advisor and venezuela wanted to as well but was pressured by a gang to hire a bad one who ended up syphoning the money out of his account over time scamming him and leaving him with nothing.
I mean basically Venezuela blew up its internal economy way before any of this and was therefore completely hamstrung. It had to invest in its oil company as it was all it really had left, it had to make it make bad decisions to subsidize the rest of the economy which was now in tatters, it couldn't fix it without making the government look bad for blowing it up in the first place and it couldn't invest in foreign countries because it destroyed its relations with them and because it had little left after subsidizing the rest of the economy. This is not to say they couldn't do anything but that there would be a political or social cost to do so and that a dictatorship couldn't take it without risking a coup.
My understanding is that Norway uses that wealth fund as more of a marketing tactic. Not that ur overall point doesn’t stand but citizens don’t have rly the power to withdraw or access that money. I went to Norway last month and they kinda make fun of Americans who have this perspective. Aiden is sweet boy tho. W crash out.
@@PeidosFTW yes people were suffering but the leadership still could sell oil to Russia, china, and other countries that were not sanctioning them. The leadership could have spent that money to help the people suffering, but miss managed it with military and spending for them. When oil dropped, they had no income and no savings. Sanctions absolutely played a part, but oil started the severe downward spin we are seeing right now. Also more sanctions were applied on 2022 making it even hard to sell other items including oil, although Russia and china are still trading.
@@Matt-lq9xd oh yeah that was a serious problem but I feel like you can't mention it without mentioning how awful their situation was in the decades prior. I think the country was already on the brink and they just got pushed over the edge a few years ago
For anybody who tuned into the stream, I was the romanian yard fan and just wanted to say that 1. Yes I m huge fan of the boys and I'm Romanian, we exist lol 2. Aimen is so wrong ngl
Me when I show up to the "Making global politics entirely about America and removing all agency from foreign countries because I don't think they actually matter" competition and my opponent is Twitch chat
When it comes to money and the globe, things do actually revolve around the US Youre talking about the strongest currencies and the strongest economy and surprise The USD is dominant and so is the US GDP So yes, when it comes to a country's economy and their currency, their entire picture revolves around how they're interacting with the largest economy in the world You want to talk about politics? Sure that's slightly different. But economics? Everything DOES revolve around the US and you need to get that through your skull
@@greenbean4422 I'm not saying America doesn't matter, especially in regards to global economics, but Venezuela didn't fail because America told it to. There are a lot of things that Venezuela did (and more importantly things that it didn't) do entirely of its own accord that led to its current crisis. Simplifying every issue to being America's fault is naive and insults the sovereignty and agency of foreign countries.
@@e.d.5766 It's very silly to talk about any Latin American history as if the US is "telling them" to do things. Like no, bro, the US directly participated in coups, and often times the only thing tyrant leaders had to do to earn US support (without which they would simply be overthrown) was invest heavily in the American oil market, the thing they're being blamed for
@@ZZalles1 The point being made is that, despite similar resources, Norway handled their economy in a better way than Venezuela did. This is a result of the decisions made by Venezuelan leadership. The US undoubtedly had an impact on Venezuela in many different ways, but that does not change any of the above.
Aimen is basically right. It's just not the only reason Venezuela fell apart (though I don't remember if he suggests that or not.) The basic problem is that revenues generated from oil sales weren't reinvested into other sectors of their economy. The entire economy was basically invested in Petroleum, which is bad. In comparison, Norway expressly invested their revenues into other sectors, which was a general boon for their economy. (Norway also sold to private companies to come harvest oil, while Venezuela nationalized the industry-- also bad.)
Vaush has the same problem as Vaush. People in chat will say he’s wrong in three words and then not explain. This is a hostile work environment, no shot he’s looking for political discussion in Slime’s chat.
not really, norway has always been rich and the oil does not really contribute that much to how rich it is (it hasn't even been spent much, that's the entire point of it existing actually) while venezuela got rich *because* of oil, where else were they going to get the money? it's really not a good comparison
@@bahaman19901 Dutch Disease and whether a country is affected by it or not isn’t solely decided by the wealth of the country. Not only was Norway not especially rich before oil was discovered (they were actually the poorest in Northern Europe), but other significantly poorer countries like Botswana have also managed to avoid the pitfalls of over-reliance on natural resources. I don’t buy the argument that the only reason Norway succeeded where Venezuela failed is because Norwat was rich and Venezuela was poort. Keep in mind btw that oil drilling in Venezuela started in 1914, whereas in Norway it started in 1971. Venezuela had a 50+ year head start of stable, profitable oil production, and their GDP per capita PPP at the time was more than comparable. Aimen is completely justified in his view that it was mismanagement that led to Venezuelas economic woes in spite of them literally having the biggest proven oil reserve *in the world*. Had they diversified properly, which they absolutely could've done, they would likely be one of the richest countries on Earth right now.
I think that the problem with Venezuela is very much the actual socialism of it all, honestly the top government officials are very likely insanely rich and just don't care about the rest of the country and think it's going to shit, that's a very common sentiment in latin america countries by its citizens for some reason honestly. edit: so yeah, basically just corruption, I think that's the reason.
There are non socialist countries which are insanely corrupt just look at South America and Africa. also America were lobbing rains supreme. I think for Venezuela it was a mix of the corruption and the Socialism putting them in a bad place geopolitically eith the US.
I'm not a socialist myself, more of a social democrat that's firmly still on the capitalist side of things, but how does that mean that the problem was the socialism of it all? That level of corruption is certainly possible in capitalist economies too. They were just even worse about funds management and corruption than other countries in similar positions-- but I don't really see how that necessarily is enabled by being a socialist country or how it would've not been possible if they were run under capitalistic principles instead.
it's not just corruption, it's the fact that they have a heavily oil based economy and the oil price crashed corruption can play into it but it's not the main thing . policy is always important
@sere971 you might be a suck-dem and I may be a radical Marxist, but, of course you’re right. Did you really think you’d be wrong arguing with a dumbass who says, and I quote “the socialism of it all.” I guarantee you this man cannot define socialism.
CIAmen Strikes again
They already denied they tried to off Maduro so I guess that means they had nothing to do with it ¯\_(ツ)_/¯
I love Aiden so much because he's always willing to take someone at face value even if they're a random troll goblin in slimes chat. Bro just loves to talk to people istg
these people in chat seem just as genuine in the discourse as aiden. weird comment does not apply to this situation
@@bluryach Plenty of them were yeah, but I was more just saying how Aiden will talk to them all, even then ones that are most likely baiting him.
One of my favorite people ever, pure good childhood vibes. And then slime comedy god with the hamster dance, nearly pissed myself
They boutta talk about this on the yard
you're not gonna believe this
@@man_grunt1229i thought I was crazy for a sec
@@MrMcGrawAndTheBigFeathers fire pfp
@@man_grunt1229 i dont have my glasses on so i thought the same guy was gassing himself up
@@man_grunt1229 He's standing right behind me isn't he
8:40 is just so much funnier knowing CIAimen can’t hear Hamster Dance.
dude I cried laughing
monumental and historic crash out
thank you for clipping this i would've been too lazy to find it myself 😊
i love it when theres a bit on the yard and the clip actually comes up somewhere
So to try to answer Aimen's question in good faith, simply it seems the argument is that Venezuela's collapse was not due to the oil price collapse and poor fiscal policy of Chavez and the Socialists but a number of political and fiscal events and decisions in the decades prior that would not have avoided Venezuela's outcome even if Chavez's government and party focused on building other industries. More Complexly:
The argument appears to be that prior to the 1950s Venezuela was the biggest oil producer on earth, and two Marxist parties fought for power in the 1948 election which was invalidated when a military coup seized and held power till they felt presidential elections could be resumed again in 1952 after suppressing the Marxist parties. The military government rejected their loss in the 1952 election which led to years of strikes, rebel groups, and another coup for democratic elections which were held in 1958 with a ban on the Communist Venezuelan Party. The election concluded with a coalition between the three major liberal democratic parties one for the right, center, and left. During the 60s, they rebuilt the country from the nearly 15 years of coups and resistance fighting. By the late 70s, the coalition government began to privatize the oil industry, cut subsidies to government workers and other welfare programs, and drafted legislation to attract foreign investment in order to cut government bloat. As these new private oil companies began to demand more for their oil, the price of oil grew about 10% in 1978-9. This led to the coalition government raising the price of oil it sells at by 30% in order to keep up with production costs by 1989. This led to mass protest and a coup of the coalition government by Chavez in Feb 1989 leading to a state of emergency. By 1992 Chavez had secured control of Venezuela and began to re nationalize the now booming oil industry so the people and government could get in on the money. As they did, the US had declared multiple wars during the coup to secure sources of private oil in the Kuwait and Iraq, so by the time the oil industry was re nationalized, Venezuela major player in the oil market was questionable and did not have the resources to reinvest into other industries. With increasing sanctions due to the Socialist leaders Venezuela was unable to sell what oil they did have and further sanctions now make many feel it is unlikely that Venezuela could recover without outside economic aid. Thus the economic collapse was due to years of instability and the privatization of the oil industry at a time when Venezuela could have benefited from nationalization the most. And that the oil collapse could not be avoided because there was no ability to invest or shift the economy away from oil due to the coalition government "selling out the country" through privatization of its key industry and legislation that let "western nations rob Venezuela."
At least that's the best arguments I could come up with seeing the chat and reading the Venezuela history wiki. I also tried to keep it somewhat short and digestible.
IMPORTANT NOTE: The wiki has a lot of "citation needed" and sources that are difficult to check if they actually support what is being claimed. I have my own skepticism and issues with this narrative so you'll have to do the job of finding the issues so I can try to present it fairly, and if i didn't do it justice let me know where and what it is. :)
blud used chat gpt
Thanks for the summary dude
You got it pretty spot on imo. By the time the Venezuelan government nationalized their oil industry they were getting hit with sanctions and the price of oil was on a downward trajectory. Venezuela was never in the same position Norway was in. Norway's neighborhood also wasn't filled with far right dictatorships installed by the CIA.
Side note, basically all coups and such were CIA sponsored too. And the nationalization was such a big deal to the US because a US company owned a large part of it. So to put it simply, the CIA worked to destroy Venezuela for corporate interests, and the sanctions are just another method to keep trying to destroy them. The same way they are trying to destroy countries like Cuba, how they tried to destroy Vietnam and Laos, and all the other South American, African and middle eastern countries that tried to implement slightly socialist policies. (Fun fact: US corps can hire the CIA for this exact thing, the CIA is basically a company)
@@LGDOTEXE No, stop.
ciaimen and slime talking about the venezuelan economy w/ the goated match in the background is my lofi hip hop beats to study to
If Venezuela and Norway are the two ends of the spectrum, Alaska is the mythical median voter
"This is the last thing I'm gonna say" and were not even halfway
For those interested in Aiden's point of view without the need to watch the whole video, I'll provide a quick summary bellow:
Europe = good :)
South America = bad >:(
I hope this helps clarify the situation and enrich the debate.
Thank you! This saved me 20 minutes and 14 seconds!
He hates POCs
The Norwegian system was designed by an iraqi immigrant, Farouk Al Kasim
It hurts my soul as a Swede, our model of social democracy will never last. All social democracies are slowly being dismantled right now, because its simply inevitable when you give a small group of people the ability to gather wealth from others labour.
@@simonji2940 you’re describing capitalism & worker exploitation
Aiden going on this passionate of a rant while missing SO much important context and information is pretty wild.
W crashout unc aimen
Thank you for this vid, when watching the yard I was missing some context but this was great to see how it all played out
This was significantly more unhinged than I expected even after how it was painted on the yard by lud.
i did not know this many yard viewers were actually based
3 out of the 4 are leftists and Nick probably just doesnt know what that means lol
@@greenburg2276Nick would go "Leftist? More like Lets see tits"
@@greenburg2276 atleast progressives, not sure how many are anti-capitalist
yar viewerd
About 8:45 in this video is when I joined the live stream. I was so confused but I couldn’t stop laughing
the link up a game against zain is just the cherry on top lmao
Blood is crashing out
close enough welcome back destiny
💀💀
I like when tall man aiden stands up and his neck and shoulders disappear
Venezuela didn't get coup'ed but they did get samctioned to hell after oil prices stabilized, it's not the same situation as norway
Yeah but the sanctions aren’t the main reason they’re in this situation, it didn’t help but they likely would’ve still been in the same situation even without. It was decades of political corruption and instability that largely caused it
@@4purs I know it isn't, it kick-started the whole thing, but Cuba is also under a massive embargo and they seem to be handling it somewhat well. I was just adding some context I think Aiden was missing. Yes they should've diversified like Norway, but they didn't really get a good chance at it
To be fair the US did try to coup them in 2002 but it didn't work out.
@@4purs the sanctions are what has made it impossible to recover, and are also illegal according to basically every country but the US, Israel and now Ukraine because theyre desperate for US funding
@@GC-ps9mn that's enough to cause political instability. I wasn't aware of it (there are so many in latin America that it's easy to lose track of them all). But that still doesn't justify everything that happened. I often like to use cuba as a comparison, because their blockade has been so much more restrictive and they thrive in comparison to other countries in the area
This is an important piece of internet history
Aimen is telling the minimum wage worker he should not have spent all his money on groceries and invested in the S&P500 instead
*minimum wage lotto winner
I have literally 0 understanding of any of this but I'm curious, in this analogy what makes Norway not a minimum wage worker to allow them to invest in contrast to Vzla, is it really just sanctions and other things restricting Venezuelan profits?
@@noamchemla It wasn't a well thought out analogy at all to be clear lol
But Norway was already a well functioning industrialised country with a social safety net before they hit gold with the oil. It was easier for them to manage the extra wealth well.
Norway was like a college educated middle class dude with a decent job and house owner winning the lottery
@@noamchemla the argument is that american interference means that they denationalized their oil industry in the early 90's effectively opening the doors to the US and foreign capital in general taking over their oil industry. basically they were exploited by the US gov. the popular civilian go that nationalized their oil industry in 1976 got couped and replace with one friendly to the US that sold off most of their assets for short term gain. whereas norway was never couped and their oil industry is still nationalized to this day.
if you don't want foreign capital to extract all the profits from your industry it is essential to maintain national control over said industry, and during that time period and somewhat to this day the american gov. basically doesn't allow any of it's foreign adversaries to do so consequence free like norway has, through implementing sanctions, coups, assassinations, funding of paramilitary groups like the Taliban and plain election interference. they do this because they can implement friendly regimes that give them a share of the profits.
Aiden is objectively wrong that the money was wasted on frivolous things, it simply wasn't. It's not like venezuelans were buying private jets and rolls Royce's, it all got sent overseas into Swiss bank accounts. you can track that in economic data of FDI (foreign direct investment) flows.
as to how that relates to the analogy I would say it's better to picture them both as minimum wage workers who won the lottery, Norway hired a good financial advisor and venezuela wanted to as well but was pressured by a gang to hire a bad one who ended up syphoning the money out of his account over time scamming him and leaving him with nothing.
@@christhed8679 thank you
truuuuuueee lol needed this cut
20:09 perfect closer
Welcome to has out or crash out episode 1
Completely unrelated but TIL ivysaur upair has a meteor belly hitbox 2:08
i love when titles aren't clickbait
nixon on the stand “i am not a crook jupijej”
glad this is clipped
12:59 bro aklo’s conversion off the boomerang coming back was kinda nuts
what a crashout
Gonna need an Aimen political power hour on the Patreon
this is really one for all time thanks aimen gamin
17:08 im fucking creasing
i need more aimen and slime smash time
“if someone can explain to me what i’m saying” is so fucking funny man
How what I’m saying is wrong*
@@greenburg2276 4:22 man
@@greenburg22764:22 man
Norge refrence!
CIAimen
i having an entire bottle (750ml) of vodka and watching this shit
jupijej
Top 10 largest crash outs of all time
THIS IS THE FUNNIEST THING EVER
Ended before game 5 :(
hamster dance is top 10 moments of the year so far 100%
I mean basically Venezuela blew up its internal economy way before any of this and was therefore completely hamstrung. It had to invest in its oil company as it was all it really had left, it had to make it make bad decisions to subsidize the rest of the economy which was now in tatters, it couldn't fix it without making the government look bad for blowing it up in the first place and it couldn't invest in foreign countries because it destroyed its relations with them and because it had little left after subsidizing the rest of the economy.
This is not to say they couldn't do anything but that there would be a political or social cost to do so and that a dictatorship couldn't take it without risking a coup.
0:15 how did he switch from squirtle straight to charizard?
slimes chat is funny as fuck lol
I am aidan in this situation, dishonest arguing for the sake of humor doesnt compute in my brain
as lud can see NOT 40 minutes
My understanding is that Norway uses that wealth fund as more of a marketing tactic. Not that ur overall point doesn’t stand but citizens don’t have rly the power to withdraw or access that money. I went to Norway last month and they kinda make fun of Americans who have this perspective. Aiden is sweet boy tho. W crash out.
Thank you, funny stream clip.
Came here after the yard...😂
Oil did not permanently crash dude oil is more expensive than ever, Venezuela got embargod bro 😭
He is talking about 2020-2022 during the Covid when oil prices were insanely low. The drop was the start of the chaos because they couldn’t survive
@@Matt-lq9xdVenezuela's crisis didn't start during the pandemic. People were already suffering before, due to those sanctions
@@PeidosFTW yes people were suffering but the leadership still could sell oil to Russia, china, and other countries that were not sanctioning them. The leadership could have spent that money to help the people suffering, but miss managed it with military and spending for them. When oil dropped, they had no income and no savings.
Sanctions absolutely played a part, but oil started the severe downward spin we are seeing right now. Also more sanctions were applied on 2022 making it even hard to sell other items including oil, although Russia and china are still trading.
@@Matt-lq9xd oh yeah that was a serious problem but I feel like you can't mention it without mentioning how awful their situation was in the decades prior. I think the country was already on the brink and they just got pushed over the edge a few years ago
@@Matt-lq9xd I don't deny that bad leadership and economic planning weren't a problem, just correcting what you said
bro i kinda wanted to see game 5
Venny's crashing out at Corp again
generational crashout
Based
so slime started it...
"sovereign wealth fund" as a key search term is so funny LOL
What’s the smash mod in the beginning? it looks like ultimate with smash four knockback
W crashout
Hes js a real chatter
Can you post game 5 pls
w crashout
SHOW ME THE END OF WINNERS I WAS WATCHING THAT
WHO WON GAME 5?!?!?! I WAS ACTUALLY GETTING INVESTED IN THE INDIA VS PAKISTAN STORYLINE
zain won
@@bahaman19901 goat
For anybody who tuned into the stream, I was the romanian yard fan and just wanted to say that 1. Yes I m huge fan of the boys and I'm Romanian, we exist lol 2. Aimen is so wrong ngl
who won the melee set
I think this is ultimate not melee
3:36
you didnt even watch 3 minutes of the video before commenting. thats crazy
@@walnuss2546 oops my bad, I think I got 2 minutes in and then started listening to aiden rant in the background
also... its HDR
Who won the set
Those who can't do, commentate
I'm goin all in on Nvidia
I'm supposed to listen to a guy who gambles using a spreadsheet?
bro really said "they shouldve done what the whites did" wild
Norways system was designed by an iraqi immigrant
Yeah… w crashout.
Me when I show up to the "Making global politics entirely about America and removing all agency from foreign countries because I don't think they actually matter" competition and my opponent is Twitch chat
The consequences that Hasan and his ilk have had on the online left.
When it comes to money and the globe, things do actually revolve around the US
Youre talking about the strongest currencies and the strongest economy and surprise
The USD is dominant and so is the US GDP
So yes, when it comes to a country's economy and their currency, their entire picture revolves around how they're interacting with the largest economy in the world
You want to talk about politics? Sure that's slightly different. But economics? Everything DOES revolve around the US and you need to get that through your skull
@@greenbean4422 I'm not saying America doesn't matter, especially in regards to global economics, but Venezuela didn't fail because America told it to. There are a lot of things that Venezuela did (and more importantly things that it didn't) do entirely of its own accord that led to its current crisis. Simplifying every issue to being America's fault is naive and insults the sovereignty and agency of foreign countries.
@@e.d.5766 It's very silly to talk about any Latin American history as if the US is "telling them" to do things. Like no, bro, the US directly participated in coups, and often times the only thing tyrant leaders had to do to earn US support (without which they would simply be overthrown) was invest heavily in the American oil market, the thing they're being blamed for
@@ZZalles1 The point being made is that, despite similar resources, Norway handled their economy in a better way than Venezuela did. This is a result of the decisions made by Venezuelan leadership. The US undoubtedly had an impact on Venezuela in many different ways, but that does not change any of the above.
W Crash out
Hdr spotted
he lost the argument when he dissed on hdr
Really feel like he goes from 0 too 100 over nothing lmao, just fighting ghosts. W crashout
Aimen is basically right. It's just not the only reason Venezuela fell apart (though I don't remember if he suggests that or not.)
The basic problem is that revenues generated from oil sales weren't reinvested into other sectors of their economy. The entire economy was basically invested in Petroleum, which is bad. In comparison, Norway expressly invested their revenues into other sectors, which was a general boon for their economy. (Norway also sold to private companies to come harvest oil, while Venezuela nationalized the industry-- also bad.)
melee scene is full of communists who would unironically defend maduro.
CIAimen is just one step away (being sucked) from being Destiny. He is just European slobberer and "there are no coups" guy
I $Homeslty love you Slime
l take
The fact that he is 100% right and is being hurt on a visceral level is insane
As a neighbor to venezuela, i can say aiden is right
Adin is a coloniser
Never mind, Amen is based
shoutout me in chat
Racist jupijej
Vaush has the same problem as Vaush. People in chat will say he’s wrong in three words and then not explain. This is a hostile work environment, no shot he’s looking for political discussion in Slime’s chat.
It doesn’t help that Vaush doesn’t read.
listen i dont wanna be that guy but this isnt melee 😭this is HDR
they switch at 3:36
Buddy you are literally that guy. Watch the vid
Aimen was right btw
not really, norway has always been rich and the oil does not really contribute that much to how rich it is (it hasn't even been spent much, that's the entire point of it existing actually) while venezuela got rich *because* of oil, where else were they going to get the money? it's really not a good comparison
@@bahaman19901 Dutch Disease and whether a country is affected by it or not isn’t solely decided by the wealth of the country. Not only was Norway not especially rich before oil was discovered (they were actually the poorest in Northern Europe), but other significantly poorer countries like Botswana have also managed to avoid the pitfalls of over-reliance on natural resources.
I don’t buy the argument that the only reason Norway succeeded where Venezuela failed is because Norwat was rich and Venezuela was poort. Keep in mind btw that oil drilling in Venezuela started in 1914, whereas in Norway it started in 1971. Venezuela had a 50+ year head start of stable, profitable oil production, and their GDP per capita PPP at the time was more than comparable. Aimen is completely justified in his view that it was mismanagement that led to Venezuelas economic woes in spite of them literally having the biggest proven oil reserve *in the world*. Had they diversified properly, which they absolutely could've done, they would likely be one of the richest countries on Earth right now.
I think that the problem with Venezuela is very much the actual socialism of it all, honestly the top government officials are very likely insanely rich and just don't care about the rest of the country and think it's going to shit, that's a very common sentiment in latin america countries by its citizens for some reason honestly.
edit: so yeah, basically just corruption, I think that's the reason.
There are non socialist countries which are insanely corrupt just look at South America and Africa. also America were lobbing rains supreme. I think for Venezuela it was a mix of the corruption and the Socialism putting them in a bad place geopolitically eith the US.
Corruption due to CIA interference with foreign government?
I'm not a socialist myself, more of a social democrat that's firmly still on the capitalist side of things, but how does that mean that the problem was the socialism of it all?
That level of corruption is certainly possible in capitalist economies too. They were just even worse about funds management and corruption than other countries in similar positions-- but I don't really see how that necessarily is enabled by being a socialist country or how it would've not been possible if they were run under capitalistic principles instead.
it's not just corruption, it's the fact that they have a heavily oil based economy and the oil price crashed
corruption can play into it but it's not the main thing . policy is always important
@sere971 you might be a suck-dem and I may be a radical Marxist, but, of course you’re right. Did you really think you’d be wrong arguing with a dumbass who says, and I quote “the socialism of it all.” I guarantee you this man cannot define socialism.
ty king🤎
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