Latin America is the most unequal region in the world according to World Economic Forum
In 2014, the richest 10% of the region owned 70% of the wealth of the region. It is hardly suprising that there have been socialist revolutions and rebel movements in the region but many think that they have not been very successful.
World by Gini index
Regrettable situation, in Venezuela we are going through a severe socio-economic crisis, many Venezuelans survive is thanks to Steemit.
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Hello markku., In this matter if I am an expert hehe all Latin America is very unequal. But the most unequal country is Venezuela. and this is due to the great wealth that venezuela has with its oil, gold and other valuable minerals. And it is so unequal because only a few are venefician of this great wealth. So much so that there is a list of 150 Venezuelan people with accounts in the banks of Switzerland, Panama, Cayman Islands and others valued at more than 350,000,000,000 dollars. and a normal employee in Venezuela only earns 1 dollar MONTHLY. :(
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Hi Markku. That doesn't surprise me at all. Latin America has huge unemployment and a majority live on the breadline. That is only possible if the wealthy run the region. The wealthy just get wealthier and the poor just stay poor. Would like to see it in 10 years time. Don't expect any changes but maybe it will deteriorate even more.
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What's interesting is that we have some many Venezuelans here who have first hand experience of how things are working out for the socialist countries there. All of them seem to be saying that socialism is not working. I'm looking forward to analysis by @lanzjoseg and all the rest on what the problems are and what they think should be done to improve things.
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I am not surprised. Socialism is not moving forward but a step backwards. They tried to take the mines back here recently under the control of the government. The only reason is for corruption purposes. Privatizing is good for development and profitability but not necessarily job creation. The state should only control certain industries like transport, health and power plants. Don't think they are capable at anything else really as normally they get sub standard management (friends) to run these.
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What? a poorly designed tax systems, tax evasion and tax avoidance had the the fault? yeah right, I don't think so, everything I think is summarized by a word "Corruption" I don't know if corruption is born of socialism or is the socialism where the worst people use to climb on. All those governments are extremely centralized and with exclusive monopoly of all resources.
Now in the case of Venezuela, the examples that other Venezuelans have already given are very true and I think there is little that I can add, but here the government contracts are all a stew ( this is how we said. It's like saying many bills in a pot very over spiced :)), so one guys get a contract to pave the streets and the next day is a millionaire in Miami, certain stories are all over the internet.
OHH I almost forgot, they love to blame a third, The so called "economic war" but even now a lot of people still follow them because the government took over food distribution chains and centralized all as a tactic.
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That's what the source claimed, which I did not repeat because I did and do not believe it.
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I know it @markkujantunen and the truth I hope you can see that I really care all the effort you take for follow our story, when you say that you don't believe in the conclusion of the article, it tells me that you really wanted to know the truth by doing a little research and hearing our opinion first-hand. well and I'm sure I'm not the only one.
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Hello friend, Markku, Well, what you describe is totally true, I personally live it daily, that inequality is fostered by these populist governments that do not want to promote knowledge, I have spoken several times about this and many of your followers are Venezuelans, who are going through a moment in life, where inequality is well marked, these governments do not need to have people who think, for that they condition them, here in Venezuela the government of Cuba and Russia could make it work very well his experiments of socialist revolutions that does not work for anybody, only for a few that are in the government that come out Benefited, this country has many natural requisitions and of all kinds, but they insist on destroying the little that can bring forward a country. And it is the studies, recently I wrote a post yesterday where I publish how the national government gave the order to its well-organized groups of paid criminals to destroy rob or plunder public universities. I myself take the pictures as they slowly destroy my University and the security forces do nothing because that is the order, do nothing while the criminals destroy it. It is a very macabre plan but very well thought out, and everything is to keep the revolution alive. Creator of great inequality ..
I leave the links is in Spanish, soon I will make the translation.
https://steemit.com/education/@lanzjoseg/hasta-cuando-dios-hasta-cuando-estos-delincuentes-del-gobierno-venezolano-haciendo-dano-a-ellos-solo-le-importa-el-beneficio
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Welcome to my little world (sarcasm)!
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This is your chance to tell us who live in the rest of the world what's wrong with the situation in your country right now. Getting the word out is a way you to influence how the outside world perceives the government in your country and may get them to think twice.
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I can say an example and that this government expropriates any company that considers "big, capitalist and influential" with the pretext of speculation and "economic war". After they take over that company, bankruptcy.
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Has that happened many times already?
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I would say yes. Cantv (national telephony), Bank of Venezuela, all water and electricity companies, Los Andres (juices and milks), food distributors, and others, there were many failed attempts to appropriate Amimentos P.A.N. Lorenzo Mendoza is the owner and the worst Fear of Maduro since the people want Mendoza as president Mendoza has many great foundations in Venezuela such as the professional baseball league among others.
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Interesting piece mate, but not surprising as it seems to be happening to more and more countries. Why, because we allow it.
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Man look at China .......... it is almost as bad. Even Korea looks better than that.
and the biggie.................. what the hell is going on with South Africa?
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Hey Hash. Don't use the word often but the economy here is totally fucked. The corruption over the last 8 years under President Zuma has left it crippled and the coffers empty. We are still trying to get rid of the politicians that are corrupt. Just today they announced that 40 hadn't given in their financial reports. What are they hiding. Under Zuma I can't recall the exact amount but it was millions being stolen every hour. Tenders that had been paid but for no goods and no work. VAT has been raised by 1c from 14c to 15c. Petrol goes up tonight and that means everything goes up. Think increase is 7% tonight. Not a little jump. Electricity has been going up by 20% per year for the last 5 years. Why?. The coal they were buying was Gupta related and being charged over the normal rate by 200%. Backhanders are everyday here and it has crippled the economy. maybe I will do a post. Just let you guys know what is going on. It is like a movie but you are in it. Just so unbelievable.
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Sorry to hear the situation. I will admit that I havn't been really up to date on the SA's current economic scene but by the picture you paint, it seem pretty bad.
It would be interesting see the people's reaction to crypto there. Crypto might just be the thing needed to the tell the government there that you guys aren't at their mercy.
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Well done boss..
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Thanks
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You are very right in what you say but here in Venezuela only those who are in government are rich, everyone else is poor.
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