China is a worldwide model for socialism.

[u/Ok-Musician3580]

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[u/thefirebrigades]

The first step to socialism is to ensure the strength of the country and productive forces to enable there is no capacity issue and what remains is a distribution issue.

Then socialism can commence because under those circumstances, The revolution is secure.

[u/Particular_Raisin196]

dont get me wrong its really good but there sure as hell are flaws

[u/blep4]

If Venezuela had followed China's example by developing its productive forces instead of over relying on oil, they wouldn't have as many problems as they have now.

I hope they learn from their mistakes and develop.

[u/Ok-Musician3580 → u/blep4]

Venezuela was a petrol state decades before Chávez.

I agree that the model should have been left behind, but it wasn’t his or Maduro’s idea.

In fact, Maduro has moved to diversify the economy.

[u/blep4 → u/Ok-Musician3580]

Too little too late, they have been too complacent, but I hope they accomplish it and prosper.

[u/Ok-Musician3580 → u/blep4]

The economy is currently growing and inflation is down significantly.

You shouldn’t be a doomerist if net gains are being made economically.

Although, I do agree that the petrol state model should have been thrown out earlier.

[u/blep4 → u/Ok-Musician3580]

I'm not a doomer about this issue, but I'm critical of the management of Venezuelan revolution because it has impacted the development of socialism in Latin America.

They did some very good things, but failed to do the most important to be a sovereign country: develop the productive forces. Their over relying on oil made them too vulnerable to sanctions.

I hope they overcome their situation so that right wingers can stop using them as boogeyman and Venezuelan immigrants stop flooding other south american countries with cheap labour that stagnate local wages.

Everyone here would benefit from their success.

[u/Ok-Musician3580 → u/blep4]

The worst of the crisis is already over: https://www.statista.com/statistics/370918/gross-domestic-product-gdp-growth-rate-in-venezuela/

Millions fleeing isn’t happening anymore.

That happened during the peak of the collapse and during the huge hyperinflation.

Inflation is the lowest in 12 years: https://orinocotribune.com/venezuela-reports-lowest-monthly-inflation-in-12-years/

People who still use Venezuela as a bogeyman haven’t kept up with its current economic prospects.

The bulk of the crisis has been over for a long while and Venezuela is on a path of growth and prosperity even with US sanctions.

[u/Ok-Musician3580 → u/blep4]

My original point is that Venezuela was already a petrol state before the socialist leadership came to power, so blaming them for the misgivings of a model they didn’t choose seems odd.

The situation has already improved significantly, with inflation reducing to a 12-year low and the country increasing both GDP and GDP per capita even with US sanctions.

The government seems to have stabilized and is in a significantly better position than it was a couple of years ago.

I hope the government successfully diversifies their economy and continues to push for a path of prosperity for Venezuela.

[u/linuxluser]

Is there more to the interview as to why Maduro thinks this?