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Old 06-11-2008, 09:58 PM
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Default Venezuelas's Buoyant Economy

Venezuela ain't feeling no credit crunch. Capitalism is a failing road to ruin.

Quote:
The Venezuelan economy has registered its eighteenth quarter of uninterrupted economic growth, Planning and Development Minister Haiman El Troudi announced Thursday. Central Bank figures show an overall increase of Gross Domestic Product by 4.8 percent for the first quarter of 2008, however this is down from 8.8 percent in the same quarter last year......

n the context of the overall quarterly increase of Gross Domestic Product of 4.8%, the communications sector grew 17.6%, accompanied by a 5.7% growth in services, and lower increases in the manufacturing and construction industries.

The Central Bank also reported a $10 billion surplus for the first quarter, the result of soaring oil prices.

A 70.2 percent increase in oil prices in the first quarter compensated for a 2.1 percent decline in the volume of crude exports, the Central Bank figures showed.

The private manufacturing industry also registered 18 consecutive quarters of expansion, with an increase of 1.3% determined fundamentally by the increased production of tires and plastics (16.7%), processing of non-metallic minerals (8.9%), paper production (8.3%), food, beverages, and tobacco (6.2%), and printing (4.7%).

In the food industry, growth was observed in meat production and processing, and derivatives (14.1), bakery products (11.4%) and other food products (10.6%).

The construction industry also registered an overall increase of 2.6%, with 0.2% increased derived from the public sector, and within this 9.9% corresponded to construction in the state oil sector.

In the private sector 9.5% corresponded non-residential construction, principally industrial complexes and commercial centers.

State services also reflected an overall expansion of 4.5%.
Venezuelan Economy Grows for 18th Consecutive Quarter | venezuelanalysis.com
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Old 06-11-2008, 09:58 PM
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Any independent sources?
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Old 06-11-2008, 10:19 PM
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Originally Posted by Drakej View Post
Any independent sources?
What i gave is an independent source
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Old 06-11-2008, 10:30 PM
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Does not seem to be much of an un biased source though.
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Old 06-11-2008, 10:45 PM
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Originally Posted by Drakej View Post
Does not seem to be much of an un biased source though.
Why is that ? Because it isn't full of slurs and half truths ? Because it deals with statistics rather than commentary and opinion ?

If you read much on Venezuelanalsis you would know it is no mouthpiece for the Chavez government. It is just not anti government outlet like most media sources.
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Last edited by Comrade Joe : 06-11-2008 at 10:55 PM.
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Old 06-12-2008, 12:36 AM
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I would read it but honestly I do not really care what is going on in Venezuela. I know that Chavez really needs to get his country in line if he wants the respect of the rest of the world. Having a sky high murder/kidnapping rate really does not shout stability.
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Old 06-12-2008, 08:36 AM
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Originally Posted by Drakej View Post
I would read it but honestly I do not really care what is going on in Venezuela. I know that Chavez really needs to get his country in line if he wants the respect of the rest of the world. Having a sky high murder/kidnapping rate really does not shout stability.

I find that quite ironic that a US citizen should say Venezuela needs to get its act together with regards to kidnapping and murder, at least in Venezuela it is done by individuals - unlike the US state which is responsible for kidnapping people from all over the world and locking them up indefinately, which is responsible for the murder of thousands of Iraqi's and Afghans.

If you do not care about Venezuela thyen why post in threads about it ?

And why are you selective about the crimes you say need to be clamped down on. Maybe the US needs to clamp down on rape and burglary if it is to be respected internationally.

Quote:

The crime rate in Venezuela is very high in regard to murder, but low to medium in regard to other crimes. An analysis was done using INTERPOL data for Venezuela. For purpose of comparison, data were drawn for the seven offenses used to compute the United States FBI's index of crime. Index offenses include murder, forcible rape, robbery, aggravated assault, burglary, larceny, and motor vehicle theft. The combined total of these offenses constitutes the Index used for trend calculation purposes. Venezuela will be compared with Japan (country with a low crime rate) and USA (country with a high crime rate). According to the INTERPOL data, for murder, the rate in 2000 was 33.2 per 100,000 population for Venezuela, 1.10 for Japan, and 5.51 for USA. For rape, the rate in 2000 was 12.13 for Venezuela, compared with 1.78 for Japan and 32.05 for USA. For robbery, the rate in 2000 was not reported. For aggravated assault, the rate in 2000 was 105.32 for Venezuela, 23.78 for Japan, and 323.62 for USA. For burglary, the rate in 2000 was not reported. The rate of larceny for 2000 was 6.73 for Venezuela, 1401.26 for Japan, and 2475.27 for USA. The rate for motor vehicle theft in 2000 was 101.01 for Venezuela, compared with 44.28 for Japan and 414.17 for USA. The rate for all index offenses combined was not computable because of the omission of robbery and burglary from the data.
Comparative Criminology | South America - Venezuela

Anyway, on the issue of this thread, the point still stands - boom and bust capitalist economies are failing and recession may soon be coming. On the other hand economies with a planned element are growing as Russia, China and Venezuela are testement to.
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Old 06-12-2008, 08:42 AM
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Yeah getting robbed is on par with being murdered. Any ways.

What is Venezuela adding to the global market aside from oil? Do they even really export any thing at all? I am headed to work but will do a little more reading when I get back home. It just seems to me that Venezuela is small enough that if it does any thing at all then it has a better chance of turning a profit. I am not so sure this has to do with it being a socialist economy or a capitalistic one.
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Old 06-12-2008, 08:49 AM
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Quote:
Originally Posted by Drakej View Post
Yeah getting robbed is on par with being murdered. Any ways.

What is Venezuela adding to the global market aside from oil? Do they even really export any thing at all? I am headed to work but will do a little more reading when I get back home. It just seems to me that Venezuela is small enough that if it does any thing at all then it has a better chance of turning a profit. I am not so sure this has to do with it being a socialist economy or a capitalistic one.
Here is a bit on what Venezuela trades in. They have many resources, not just oil.

Quote:
Natural resources: Petroleum, natural gas, coal, iron ore, gold, diamonds, bauxite, other minerals, hydroelectric power.
Petroleum industry (28% of GDP): Oil refining, petrochemicals.
Manufacturing (17% of GDP): Types--iron and steel products, paper products, aluminum, textiles, transport equipment, consumer products.
Agriculture (4% of GDP): Products--corn, sorghum, rice, bananas, vegetables, coffee, beef, pork, milk, eggs, fish.
Trade: Exports (2007)--$69.2 billion: petroleum ($62.5 billion), aluminum, steel, chemical products, iron ore, cigarettes, plastics, fish, cement, and paper products. Major markets (2005)--U.S. 57.5%, the Netherlands 5.2%, Mexico, 4.5%, Colombia 4.5%. Imports (2007)--$45.5 billion: consumer goods, machinery and transport equipment, manufactured goods, construction materials. Major suppliers (2006)--U.S. 30.2%, Brazil 10.1%, Colombia 9.9%, Mexico 6.8%, China 6.7%.
Venezuela (06/08)

While iot may be easier to make a smaller economy grow, it should be noted that under 30 years of neo liberal economics Venezuela was in a recession worst than most of Africa, under 10 years of a mixed socialist economy it is growing. I think that speaks volumes.
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Old 06-12-2008, 10:10 AM
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Originally Posted by Comrade Joe View Post
Venezuela ain't feeling no credit crunch. Capitalism is a failing road to ruin.
I wish I had your optimism comrade, though there are glimmers of hope around the world.
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