Venezuela: Capitalism gets its way
December 2025 › Forums › General discussion › Venezuela: Capitalism gets its way
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Anonymous.
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December 7, 2015 at 7:56 am #84342
ALB
KeymasterIt's a familiar story. Leftwing party pledged to bring in pro-worker reforms gets elected enthustuastically. Puts into practice some of the promised reforms which do actually benefit some workers. Begins to ignore that under capitalism profits and profit-making have to have priority as that's what drives capitalism. So, economic problems (shortages, inflation, unemployment) develop, causing popular discontent. A majority of voters turn against the leftwing government and boot it out, electing to power an openly pro-capitalist party pledged to putting profits before people.
It's true that, in the case of Venezuela, the leftwing government survived for a record 16 years but that was because it was able to finance the pro-worker reforms out of oil rents but, when the price of oil (and so the rent income) fell they were sunk.
Lesson: you can't make capitalism work in the interest of the workers, even though you can bring in some temporary pro-worker reforms. In the end the economic laws of capitalism assert themselves as people don't see any alternative.
December 7, 2015 at 9:34 am #115485jondwhite
ParticipantAnd Neo-Bolsheviks claims 'a socialist society' or 'a workers state' transformed back into a capitalist one.
December 8, 2015 at 12:45 am #115486Anonymous
InactiveUsing few words ALB has described what has taking place in Venezuela, and what really is the so called Bolivarian revolution, or Socialism of the XXI Century, there is not need to write a long article, or a book.The SPGB published an article about Hugo Chavez several years ago, and it also described what he really was, and what his movement was looking for: Another left wing reformist, pretending to reform capitalism. State capitalism of the XXI centuryThe problem is that the left wingers never learn their historical lesson, they always repeat the same mistakes over and over again, and workers spend their whole life oscillating like a pendulum from left to right and right to left , which are two wings of the same birds, or two eggs from the same nest. The same dog wearing different collarMany enterprise went into bankruptcy in Venezuela because they were not producing profits, socialism is not a society based on charity, or philanthropy, they were trying to hold the bull by the horns, and now, the right wingers have taking control of the congress
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