Guestlander:


What socialist nonsense are you talking about? Is Indonesia also a socialist country? Are some other OPEC countries also socialist?
Don't argue about things you don't know.

Automatically, he assumes I know nothing.
Maybe, you'll need to tell us why socialism works and why Maduro should remain in power.

Gerrard59:


Automatically, he assumes I know nothing.
Maybe, you'll need to tell us why socialism works and why Maduro should remain in power.

You need to explain to us why citizens of other communist countries are not running away from their countries if communism is the reason Venezuelans are leaving theirs.
Their problem is over-reliance on oil as their source of income much like Nigeria. There's no point splitting hairs on what is straight forward.

Guestlander:


You need to explain to us why citizens of other communist countries are not running away from their countries if communism is the reason Venezuelans are leaving theirs.
Their problem is over-reliance on oil as their source of income much like Nigeria. There's no point splitting hairs on what is straight forward.

Venezuela is a perfect example of socialism aka veiled communism post late 2000s economic recession. No sane nation globally is communist economically again, except politically. When a nation regulates who sells what and how much it's sold. They deserve whatever they get.

Gerrard59:



Venezuela is a perfect example of socialism aka veiled communism post late 2000s economic recession. No sane nation globally is communist economically again, except politically. When a nation regulates who sells what and how much it's sold. They deserve whatever they get.

I agree with you.

This is what the USA has done to them, because their president insulted the great States

This is qhat Buhari saved Nigerians from. By now some people would have been eating themselvws raw. Sai Buhari.

God Forbid, Buhari

May God bring succor, peace and prosperity to Venezuela, same to us here as well.

I wish them peace

jaymichael:
Venezuelans too have families abroad that remit foreign currency back home. We have always have inflow of funds from the diaspora before the fall in the price if crude oil, why didn't the diaspora inflow prevent the recession in the first place. I just wonder why you people rejoice over bad news in the country. If is bad news, it the government's fault. If there is good news, other factors are responsible.

Check the margin between what Nigerians remitted to that of Venezuela : in 2016 Nigerians remitted 35b dollars while Venezuela remittance is not even up to 800m dollars.

You can as well check previous years and that of 2017. You can also check the number of Venezuelans residing abroad and the number of Nigerians in diaspora maybe that will help you understand the situation.

Tyche:


I beg to disagree. We practice capitalism and they practice socialism, therein lies their problem. it may interest you to note that they have a lower unemployment rate than Nigeria.

They are use to the welfarism system of things and can't seem to endure as we do here even if their lives depend on it

Not quite true, the system of government and the nature of the ppl may have contributed; but the primary problem common to both countries was our over dependence on a mono-product economy which relied heavily on the income/forex realised from oil.
The difference was that our country was able to come out of recession by making better use of its depleted income via more effective fiscal recovery policies e.g. banning frivolous importation to conserve foreign, investing and diversifying the economy e.g. agriculture especially rice to increase food production; improved control and monitoring of govt spending and income to stop/reduce leakages/wastages e.g. stoppage of PMS subsidy, war on corruption, BVN and TSA; encouraging foreign investment through improved ease of doing business and increased external reserves etc.

In short, govt was able to make better use of the little it had; fortunately, now the price of crude is increasing, so it would able to do even more.

ItsMeAboki:


Not quite true, the system of government and the nature of the ppl may have contributed; but the primary problem common to both countries was our over dependence on a mono-product economy which relied heavily on the income/forex realised from oil.
The difference was that our country was able to come out of recession by making better use of its depleted income via more effective fiscal recovery policies e.g. banning frivolous importation to conserve foreign, investing and diversifying the economy e.g. agriculture especially rice to increase food production; improved control and monitoring of govt spending and income to stop/reduce leakages/wastages e.g. stoppage of PMS subsidy, war on corruption, BVN and TSA; encouraging foreign investment through improved ease of doing business and increased external reserves etc.

In short, govt was able to make better use of the little it had; fortunately, now the price of crude is increasing, so it would able to do even more.

On the flip side, much is not been done to sustain the initial resolve for diversification. I know people complained that things were hard and perhaps the govt relaxed on their resolve, but it's an opportunity lost.

I supported Buhari because I believe we needed a strong hand to pilot the affairs of the nation but seems we are getting the opposite.

Tyche:


On the flip side, much is not been done to sustain the initial resolve for diversification. I know people complained that things were hard and perhaps the govt relaxed on their resolve, but it's an opportunity lost.

I supported Buhari because I believe we needed a strong hand to pilot the affairs of the nation but seems we are getting the opposite.

This the first government in our history that has made any serious attempt at diversifying; there is so much it can do with the comparatively little resources at its disposal without jeopardising other sectors - it is akin to a family spending all its money on food and ignoring other very important requirements such as shelter, clothing etc.

Government must therefore address all our national needs with a sensible balance despite the urgency.

Nothing is more powerful in shaping opinions, perspectives and mindsets than the media; the Nigerian media is unfortunately owned and controlled by PDP members who are actively in opposition against the government.
The more intelligent ones amongst us can easily see how these media houses are cleverly tarnishing the image of the president and his administration through selective journalism where much emphasis is often given or diminished on news topics to this end; their style is quite subtle information management targeting on the the sensitive fault lines of ethnicity, region and religion; you can even see it now in play with the politicisation of the the farmer/herder conflict and earlier with the failed IPOB agitation.

Majority of those behind the current anti-Buhari campaign of calumny are easily traceable back to being the major beneficiaries of corruption and their paid lackeys; because its is no longer business as usual they are ganging up in order to stop Buhari, at all cost, including inciting hate and division among Nigerians - that is the level of their despiration.

Remind me of what most Asian countries practise again. How come they are the most stable continent economy wise?

Dc4life:
Socialism is a disease and if not averted it will contaminate the whole continent.

What's the difference between socialism and communism?

Skepticus:
Oil is a curse to 3rd World Nations

How is Nicolas Maduro's socialism working for them?

Venezuela seems to be the only South American nation hanging on to a socialist system that has outlived it's usefulness

Actually their infrastructures are up to standard.. Maybe their people were made to be too lazy and govt dependant during the oil boom and Chavez's reign so adjusting overnight just couldn't happen.

COMPAQ:
That's what happens to countries that spend all their money subsidizing petrol to ridiculously low prices instead on investing in infrastructure and the people.

Whenever Nigerian government wants to remove subsidy, most people say the government is useless and they should go and see how low petrol prices are in Venezuela. Shey na im be that na!!!

Which makes you a bad or the worst citizen on earth. It's the citizens that make a country, a country makes no citizen

okerekeikpo:
Nigeria is the worst country on earth

You mean they don't have same in Venezuela or other countries or its only peculiar to Nigeria?

franchasng:
Not only families living abroad, even the Yahoo boys, the bloggers, the freelance workers online, our music artistes, Nollywood, and all those working online from home in Nigeria bringing in $$$ and other hard curencies to savage the situation.

Those who dont know think its the government that saved Nigeria from recession, which clueless, confused government

Capitalism is the worst of them all, breeds greed and exploitation which ultimately lead to war and oppression.

It's gradually breeding in the US. E.g the gun issue.

ogtavia:
Socialism isn't a bad idea except that it makes a country too lazy to think...I agree with you that socialism has outlived it's usefulness...In the real world of today,there are no equal chances...

somehow:
You mean they don't have same in Venezuela or other countries or its only peculiar to Nigeria?

you cant compare Nigerians to Venezuela when it comes to Yahoo, freelancers, bloggers and entertainment, Nigeria beat them hands down in these areas, I dont know about other areas

Why shouldn't i? are we comparing based on some things and not based on all grounds?

franchasng:
you cant compare Nigerians to Venezuela when it comes to Yahoo, freelancers, bloggers and entertainment, Nigeria beat them hands down in these areas, I dont know about other areas