The Venezuelan Economical Policy Manual (Satire)
September 30, 2018
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For the goodness governance as well as prosperity of the Venezuelan people, nosotros recommend policymakers adhere to the next policy framework:
*Discover oil. A lot of it. Enough that if the stone oil wealth is responsibly managed, all Venezuelans tin alive prosperously.
*Divi upward the spoils inwards the next manner: Allow unusual stone oil companies a pregnant portion of the revenue inwards telephone exchange for investing all of the capital, as well as providing all of the operating expertise, necessary to discover, develop, as well as operate stone oil wells. Allow the province to capture the balance, as well as role it to finance generous social programmes. Health as well as educational activity to move sure, but also entitlements such equally the provision of subsidised fuel, generous social welfare as well as pensions, as well as the investment programmes (and losses) of a large position out of province owned enterprises. Employee equally many people inwards the province sector equally possible, at high wages, to cut inequality as well as unemployment. Widespread entitlements volition ensure pop back upward for your regime.
*Rely almost alone on imports to come across domestic consumptive needs.
*Steadfastly reject to admit the volatility of stone oil prices, as well as avoid saving whatever windfall gains during stone oil cost booms to polish province spending during stone oil cost busts. Ramp upward province spending proportionately alongside rising stone oil prices, as well as capitalise boom-time prices into entitlements.
*When an stone oil cost bust does arrive, instead of cutting province spending, renegotiate contracts alongside stone oil companies to increment the state's revenue share. Ignore sceptics who combat that if the province portion is increased too much, investment into the sector volition cease as well as production volition eventually commencement to decline. After all, it's our oil, as well as nosotros are entitled to our fair share.
*Continue the above, iteratively, through successive stone oil cost cycles, until the province stone oil fellowship controls 100% of stone oil revenues/concessions.
*In subsequent stone oil cost downturns, and/or to compensate for declining stone oil output, resort to heavy international borrowing, as well as also raid the coffers of the province stone oil company. Ignore warnings that the latter mightiness deprive the province stone oil fellowship of funds needed to keep investment to back upward production.
*If funds are silent inwards brusque supply, default on your international loans. If people thence reject to lend you lot to a greater extent than money, supplement declining province stone oil income past times printing money. The confiscation of individual businesses as well as large agricultural dry reason holdings may also aid supplement province income, acre furthering efforts to cut inequality.
*At this point, undesirable effects such equally currency depreciation as well as inflation may occur. Ascribe this to a capitalist conspiracy, as well as focus on addressing the undesirable symptoms of problems, rather than their underlying causes. Heavy province intervention volition move required at this point, including uppercase controls, an telephone exchange charge per unit of measurement peg, as well as widespread cost controls on consumer goods, to combat currency weakness as well as rising inflation. Also move certain to brand it illegal for companies to burn downwards workers, thence equally to sustain the people's purchasing power. Such policies volition all move needed to defend the people against the capitalist pigs.
*Inflation volition also receive got approximately positive benefits equally well. For one, it volition homecoming individual saving as well as investing for the futurity a futile activity. This is desirable, equally it is solely the responsibleness of the province to provide for the people's needs.
*The capitalists may combat back, however. You may notice people hoarding goods; dark markets emerging; equally good equally widespread smuggling of price-controlled goods overseas. Private companies may also reject to create goods at a loss, inwards the furtherance of their conspiracy against the people's revolution. Goods may commencement to disappear from shelves at this point.
*Respond past times nationalising these individual loss-making factories as well as putting them dorsum into production. The printing presses volition provide to a greater extent than than adequate funding to move on them operational as well as producing goods for the exercise goodness of the people. In addition, at this point, it is essential the province dedicate a huge amount of resources to creating novel rules that regulate, monitor as well as constabulary every economical activeness past times every person/company, lest smuggling as well as other capitalist plots move allowed to flourish. Ignore warnings that this volition divert a tremendous amount of the country's potential labour resources into unproductive activities.
*Foreign telephone exchange may also instruct scarce at this point. Ignore people that combat that this is due to an overvalued telephone exchange charge per unit of measurement - capitalist propaganda must move resisted. The lack of unusual telephone exchange may brand the procurement of imports as well as imported components necessary for import exchange difficult, farther reducing the availability of goods. Be certain to answer past times banning the import of unnecessary luxuries, as well as encourage Venezuelans to forgo other indulgences such equally eating 3 meals a 24-hour interval as well as using john paper. A compulsory diet should exercise Venezuelans approximately goodness anyway, as well as reduced dietary intake volition cut the require for john paper, besides.
*Sell what piddling unusual telephone exchange is available to the armed forces as well as other well-connected province actors at the official currency peg, equally their back upward volition move necessary to suppress pop revolts incited past times the capitalists as well as other enemies of the people. Some may depict this equally corrupt, but it is for the ultimate goodness of the people, as well as the ends justify the means. Sell approximately to yourself equally well, as well as instruct real rich. After all, all your hard move inwards fighting for the people justifies rich compensation.
---
Venezuela is an verbalize humanitarian tragedy, as well as the worst affair virtually it is that it is alone man-made. Venezuela should move i of the richest countries inwards the world, as well as yet its people are literally starving. And the problems are thence easily solved. All that needs to come about is the following:
(1) The telephone exchange charge per unit of measurement needs to move freely floated.
(2) The province needs to halt printing money.
(3) Price controls require to move eliminated, including fuel subsidies.
(4) The stone oil manufacture needs to move restructured to increment incentives for individual investment, as well as a province stone oil royalty fund needs to move fix that smooths province spending through nail as well as bust periods.
(5) Mass privatisations of province owned enterprises needs to occur.
(6) The labour marketplace needs to move liberalised, as well as other regulations on individual occupation organization activeness lifted.
(7) A pregnant reduction inwards province spending, employment, as well as entitlements needs to move implemented.
Knowing what needs to move done, unfortunately, is the slowly bit. Actually getting it done is the hard bit. Venezuela genuinely attempted to implement the to a higher house inwards the early on 1990s, but volume pop socialist uprisings overthrew the government, as well as paved the way for Hugo Chavez to come upward to power, as well as implement his policy agenda of "21th Century Socialism" (which, it turns out, looks a lot similar "20th Century Socialism"). The forces of corruption as well as human stupidity are both powerful as well as tenacious, unfortunately, as well as is the drive of much unnecessary suffering.
LT3000
*Discover oil. A lot of it. Enough that if the stone oil wealth is responsibly managed, all Venezuelans tin alive prosperously.
*Divi upward the spoils inwards the next manner: Allow unusual stone oil companies a pregnant portion of the revenue inwards telephone exchange for investing all of the capital, as well as providing all of the operating expertise, necessary to discover, develop, as well as operate stone oil wells. Allow the province to capture the balance, as well as role it to finance generous social programmes. Health as well as educational activity to move sure, but also entitlements such equally the provision of subsidised fuel, generous social welfare as well as pensions, as well as the investment programmes (and losses) of a large position out of province owned enterprises. Employee equally many people inwards the province sector equally possible, at high wages, to cut inequality as well as unemployment. Widespread entitlements volition ensure pop back upward for your regime.
*Rely almost alone on imports to come across domestic consumptive needs.
*Steadfastly reject to admit the volatility of stone oil prices, as well as avoid saving whatever windfall gains during stone oil cost booms to polish province spending during stone oil cost busts. Ramp upward province spending proportionately alongside rising stone oil prices, as well as capitalise boom-time prices into entitlements.
*When an stone oil cost bust does arrive, instead of cutting province spending, renegotiate contracts alongside stone oil companies to increment the state's revenue share. Ignore sceptics who combat that if the province portion is increased too much, investment into the sector volition cease as well as production volition eventually commencement to decline. After all, it's our oil, as well as nosotros are entitled to our fair share.
*Continue the above, iteratively, through successive stone oil cost cycles, until the province stone oil fellowship controls 100% of stone oil revenues/concessions.
*In subsequent stone oil cost downturns, and/or to compensate for declining stone oil output, resort to heavy international borrowing, as well as also raid the coffers of the province stone oil company. Ignore warnings that the latter mightiness deprive the province stone oil fellowship of funds needed to keep investment to back upward production.
*If funds are silent inwards brusque supply, default on your international loans. If people thence reject to lend you lot to a greater extent than money, supplement declining province stone oil income past times printing money. The confiscation of individual businesses as well as large agricultural dry reason holdings may also aid supplement province income, acre furthering efforts to cut inequality.
*At this point, undesirable effects such equally currency depreciation as well as inflation may occur. Ascribe this to a capitalist conspiracy, as well as focus on addressing the undesirable symptoms of problems, rather than their underlying causes. Heavy province intervention volition move required at this point, including uppercase controls, an telephone exchange charge per unit of measurement peg, as well as widespread cost controls on consumer goods, to combat currency weakness as well as rising inflation. Also move certain to brand it illegal for companies to burn downwards workers, thence equally to sustain the people's purchasing power. Such policies volition all move needed to defend the people against the capitalist pigs.
*Inflation volition also receive got approximately positive benefits equally well. For one, it volition homecoming individual saving as well as investing for the futurity a futile activity. This is desirable, equally it is solely the responsibleness of the province to provide for the people's needs.
*The capitalists may combat back, however. You may notice people hoarding goods; dark markets emerging; equally good equally widespread smuggling of price-controlled goods overseas. Private companies may also reject to create goods at a loss, inwards the furtherance of their conspiracy against the people's revolution. Goods may commencement to disappear from shelves at this point.
*Respond past times nationalising these individual loss-making factories as well as putting them dorsum into production. The printing presses volition provide to a greater extent than than adequate funding to move on them operational as well as producing goods for the exercise goodness of the people. In addition, at this point, it is essential the province dedicate a huge amount of resources to creating novel rules that regulate, monitor as well as constabulary every economical activeness past times every person/company, lest smuggling as well as other capitalist plots move allowed to flourish. Ignore warnings that this volition divert a tremendous amount of the country's potential labour resources into unproductive activities.
*Foreign telephone exchange may also instruct scarce at this point. Ignore people that combat that this is due to an overvalued telephone exchange charge per unit of measurement - capitalist propaganda must move resisted. The lack of unusual telephone exchange may brand the procurement of imports as well as imported components necessary for import exchange difficult, farther reducing the availability of goods. Be certain to answer past times banning the import of unnecessary luxuries, as well as encourage Venezuelans to forgo other indulgences such equally eating 3 meals a 24-hour interval as well as using john paper. A compulsory diet should exercise Venezuelans approximately goodness anyway, as well as reduced dietary intake volition cut the require for john paper, besides.
*Sell what piddling unusual telephone exchange is available to the armed forces as well as other well-connected province actors at the official currency peg, equally their back upward volition move necessary to suppress pop revolts incited past times the capitalists as well as other enemies of the people. Some may depict this equally corrupt, but it is for the ultimate goodness of the people, as well as the ends justify the means. Sell approximately to yourself equally well, as well as instruct real rich. After all, all your hard move inwards fighting for the people justifies rich compensation.
---
Venezuela is an verbalize humanitarian tragedy, as well as the worst affair virtually it is that it is alone man-made. Venezuela should move i of the richest countries inwards the world, as well as yet its people are literally starving. And the problems are thence easily solved. All that needs to come about is the following:
(1) The telephone exchange charge per unit of measurement needs to move freely floated.
(2) The province needs to halt printing money.
(3) Price controls require to move eliminated, including fuel subsidies.
(4) The stone oil manufacture needs to move restructured to increment incentives for individual investment, as well as a province stone oil royalty fund needs to move fix that smooths province spending through nail as well as bust periods.
(5) Mass privatisations of province owned enterprises needs to occur.
(6) The labour marketplace needs to move liberalised, as well as other regulations on individual occupation organization activeness lifted.
(7) A pregnant reduction inwards province spending, employment, as well as entitlements needs to move implemented.
Knowing what needs to move done, unfortunately, is the slowly bit. Actually getting it done is the hard bit. Venezuela genuinely attempted to implement the to a higher house inwards the early on 1990s, but volume pop socialist uprisings overthrew the government, as well as paved the way for Hugo Chavez to come upward to power, as well as implement his policy agenda of "21th Century Socialism" (which, it turns out, looks a lot similar "20th Century Socialism"). The forces of corruption as well as human stupidity are both powerful as well as tenacious, unfortunately, as well as is the drive of much unnecessary suffering.
LT3000