Quote note (#213)

Bolivarian Socialism has made a truly crucial contribution to Marxist-Leninist-Guevara-Penn-Chávez Thought — the idea of food-line rationing:

Venezuela’s government has tried to deny economic reality with price and currency controls. The idea was that it could stop inflation without having to stop printing money by telling businesses what they were allowed to charge, and then giving them dollars on cheap enough terms that they could actually afford to sell at those prices. The problem with that idea is that it’s not profitable for unsubsidized companies to stock their shelves, and not profitable enough for subsidized ones to do so either when they can just sell their dollars in the black market instead of using them to import things. That’s left Venezuela’s supermarkets without enough food, its breweries without enough hops to make beer, and its factories without enough pulp to produce toilet paper. The only thing Venezuela is well-supplied with are lines.

Although the government has even started rationing those, kicking people out of line based on the last digit of their national ID card.

The genius of that. You think anyone should just be allowed to stand in a food-line, bourgeois imperialism-style? The Revolution has moved beyond such reactionary ideas.

(The Gnon-bliss XS receives from this regime is hard to communicate without wandering into tentacle-porn.)

January 30, 2016admin 48 Comments »
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48 Responses to this entry

  • Quote note (#213) | Neoreactive Says:

    […] By admin […]

    Posted on January 30th, 2016 at 6:11 am Reply | Quote
  • Marxist toady Says:

    While I must admire this bold innovation in dialectical materialism, I also am forced to admit that in its audacity it is child’s play compared to the avant-garde of bourgeois thought: negative interest rates.

    [Reply]

    admin Reply:

    Fair point.

    [Reply]

    Grahf Reply:

    And yet, the flipside of NIRP is the move towards the cashless society, with a back-doored blockchain under control of the state, an idea supported by seemingly many Marxist proponents. Bankers and Bolsheviks working together, not something we haven’t seen before… right?

    [Reply]

    Alrenous Reply:

    There’s nothing wrong with negative interest per se. The problem is purely in the delta between the free-market interest rate and the sumptuary-law interest rate.

    [Reply]

    michael Reply:

    theres also the “bail in” white flight v gentrification. paper gold, diversity points white privilege, civilization building through ordinance,this could be fun

    [Reply]

    NRx_N00B Reply:

    If you want to enjoy the warmth of the fire, go gather more wood, and bring out the bellows. If you want to freeze to death—then pull a “Marxist-Leninist-Guevara-Penn-Chávez”—and piss on the fire, and cover it with a wet blanket.

    [Reply]

    NRx_N00B Reply:

    Markets are like fire.

    [Reply]

    Orthodox Reply:

    The guys implementing negative interest rates are low grade Bolsheviks, America is a communist country after all.

    The free market would have given us very large negative interest rates as everyone panicked out of collapsing banks and into US treasuries in 2009. All the genius central bankers could do was prop things up for 7 years, but now even they must accept deflation. Or hyperinflation, since they might destroy the monetary system.

    [Reply]

    Neo Soliar Reply:

    “The free market would have given us very large negative interest rates” what? The freemarket would never do that.

    [Reply]

    Alrenous Reply:

    The free market generates negative interest rates when deflation is high.

    Rapid deflation is caused by rapid supply contraction or rapid demand increases.

    I don’t believe this has ever happened, but it’s not impossible, especially with the way debt & fractional reserve work now.

    Different T Reply:

    Without getting into what your theoretical “free market” will or won’t do…

    You may want to look at what the “negative interest rates” apply to.

    Negative interest rates used to have another name, the fee from the vault.

    NRx_N00B Reply:

    Alrenous, you’ve got to admit though, that parasitic negative interest rates are a serious market distortion that can only happen in molested markets. In a truly ‘free-market’ (i.e. non-Keynesian), it never would have gotten this far—an almost infinite number of minor preceding “corrections” would have seen to it (even in the form of population die-off).

    Posted on January 30th, 2016 at 6:42 am Reply | Quote
  • Morkyz Says:

    Laughing and cheering at people’s suffering famines based on misgovernance is beneath even most neo-nazis, who could at least muster up some empathy for their fellow goyim living under the Jewish Bolshevik yoke. Edginess is fun, but no reason to get nasty.

    [Reply]

    admin Reply:

    When people choose socialism, their pain becomes a free-fire zone as far as this blog is concerned. You’re at liberty to shelter yourself from such heartlessness. (Stormfront would probably better suit your delicate moral sensibilities.)

    [Reply]

    John Hannon Reply:

    Yes but what about all those thousands of Venezuelans who didn’t choose socialism, and all the infants, children and adolescents who never even got a say in the matter?
    You do come on a bit Old Testament at times (visiting the inequity of the fathers on the children, etc).
    But then that’s all a part of your act, your image, your “performance,” these days, isn’t it. (2. 20 – “Yeah, well, I am a bit old fashioned”) –

    https://www.youtube.com/watch?v=IV9MWkxCby8

    Just like Gnon’s a bit old fashioned.

    [Reply]

    Cristina Reply:

    John, do not commiserate with the socialist herd. Most do not want a different government. They see the rationing, even the one mentioned here, as the government heroically struggling against the imperialists. They truly believe that. They’d prefer a better situation, but with the same caring government.

    Brett Stevens Reply:

    What else can we do but laugh at it? They chose a terrible system of governance and now it is failing. It’s no different than laughing at the complete failure of 0bamacare in the USA, for example.

    Socialism is total failure.

    The sooner people stop looking for a conspiracy/mythological enemy (Jews, African-Americans, HAARP, Davos, etc) and start looking at why systems like democracy and socialism fail, the more likely humanity is to survive.

    In the meantime, we are left with laughter, because the people who voted for socialism would never accept our advice and now, we can only shrug and watch the inevitable and predictable disaster pan out.

    [Reply]

    Alrenous Reply:

    because the people who voted for socialism would never accept our advice

    And still won’t.
    “Hey…they’re kicking you out of breadlines now. Maybe consider the idea that your government has lost legitimacy?”
    “Nope.”
    The options are to invade and thoroughly subjugate them or to allow them to fail. Anything else only prolongs the suffering.

    [Reply]

    jay Reply:

    Ardent socialists in North Korea died off during the 90’s Famine when the food distribution system failed.

    This selected for Capitalistic individuals who did their trading on the black market in order to survive.

    R. J. Moore II Reply:

    Korea is a special case with the oldest centralized super-bureaucracy on the planet, way more invasive than the Ming. Also, East Asians are in fact more commercial, mercantile and entrepreneurial on average than Europeans, who tended to be guild-bound loonies who hated interest-taking because of some bullshit in the Bible (i.e. im a loser and can’t repay my loans). Chinese and Koreans manage semi-capitalism as their default mode of life, whereas Euros are often communistic in lifestyle before the modern era.

    Alrenous Reply:

    Much of the problem being they have been invaded and subjugated. Democracy would last maybe twenty minutes there without Cathedral support. No democracy, no socialism.

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    pyrrhus Reply:

    Although I must observe, Brett, that since all human behavior is significantly heritable (estimated at 50%), it’s possible that certain groups are more inclined to political systems like socialism than others. The US was founded by British, Scottish, and Scots-Irish colonists who self selected a less authoritarian path than normal…It’s not clear that other ethnic groups have such inclinations.

    [Reply]

    R. J. Moore II Reply:

    Specifically, Blue Tribe is higher class and more English and Dutch whereas Red Tribe is more Mick and German, and our different preferences for political systems and culture is strongly reflected. Not only should whites not live among Dindus, Yankees should be shuttled off to Long Island and kept in a quarantine zone until their Flower Stalinism kills them all.

    michael Reply:

    Brett if you had a 85 IQ would you want a level playing field? Hint 85 isn’t stupid enough to fall for that idea but too stupid to see the far reaching implications. Is there a society that was able to give stupid minorities no choice in the matter for long,hint no. So as distasteful as it may seem HBD demands segregated nations.Which btw are nicer places to live and visit. Now consider a lower IQ nation that is homogeneous may be able to politically implement workarounds that keep it somewhat competitive that a multicultural nation could never do.
    Yeah yeah their will still be manageable cognitive stratification but hey its uncle Lou, and his kid got into yale.

    [Reply]

    Orthodox Reply:

    But the WaPo reporters and editors probably support Bernie Sanders.

    Grotesque Body Reply:

    Michael, HBD doesn’t entail rigidly segregated nations, just the removal of welfare systems where the right side of the bell curve subsidises dindus, distorting education, employment, reproduction and everything else.

    Separate states should be rather considered a product of freedom of association.

    R. J. Moore II Reply:

    Michael is right here, for unequal nations only apartheid and caste systems work, and caste systems fail because the lower castes benefit from their betters and outbreed them. Small Singapores with ‘tolerance’ based on economic gains, sure, but nations with multiple racial types or even tribal types will never, ever work and never, ever have. Jim Crow is a short-run solution which would have been better dealt with by giving all the negros Alabama and forbidding them to ever enter the USA again. But middle-classers don’t have the stomach for that, because they’re weak, soft people by definition.

    Ahote Reply:

    It’s irrational to feel epicaricacy from consequences of democratic decisions because: a) “the people” have no agency; b) a reactionary knows democracy “doesn’t work” (not even in Switzerland) – eventually, every country ends up like that under democracy, how long it takes just depends on initial conditions.

    [Reply]

    Erebus Reply:

    This is tangential, but it’s interesting to speculate as to whether or not democracy can ever work. The ancient Athenian model seems to have been nearly ideal:

    – Only male citizens were afforded the vote.

    – Only if they were hoplites of good reputation and moral character. (This necessarily implies a certain degree of wealth, bravery, and physical/mental toughness. It was by no means cheap to arm oneself as a hoplite — it was estimated that only 1/3rd of the free male citizenry could afford it. Neither was the training easy; it’s worth noting that their bronze armor was exceptionally heavy by historical standards. Aristotle noted that democracy is “the poor tyrannizing the rich” — but Athenian voters were not exactly poor, and, on the whole, were the best men of their society… So one must wonder what the philosopher would make of modern democracy!)

    – An ostracism system to get rid of undesirables and the overly-ambitious.

    – A full plebiscite on every issue. (None of this “representative” nonsense.)

    …And yet it failed spectacularly. One could argue that populist agitators like Pericles, and an easily-misled citizenry, continually doomed Athens to war and strife. But I suppose that men like Pericles shall always arise to take advantage of the weak commons and vulnerable political systems.

    R. J. Moore II Reply:

    @Erebus: Classical democracy and republics were based on the Aryan ruling caste demanding to be independent decision makers and consulted amongst each other. The death of the idea was when some faggot decided it applied to the lower castes, which is utterly retarded. ‘Democracy’ in the modern sense is idiotic, but also ideologically and formally unrelated to the quasi-racial aristo-oligarchy of the ancient West. The West failed because the middle class took over, and the middle class are ethnically and culturally unsuited for rule.

    Gentile Ben Reply:

    In my night thoughts I sometimes think South America does socialism for the same reason refugees scuttle their rafts.

    [Reply]

    R. J. Moore II Reply:

    The idea that we should be nice and considerate towards people who are congenitally and deliberately retarded is offensive. Empathy-mongering triggers me, please take it to Stormfront where they care about white loser proles destroying their own lives.

    [Reply]

    Posted on January 30th, 2016 at 8:11 am Reply | Quote
  • bomag Says:

    I have a few contacts in the country. They tell me the game is to take the subsidized products (such as gasoline) and dash to the border with Columbia and peddle the gas off for dollars.

    This will be solved when there are no borders, and we are all equally and happily yoked to the same five year plan.

    Or maybe the dollar needs to go. But then there is barter, gold, etc. Eternal vigilance is the price for being a true believer.

    [Reply]

    Posted on January 30th, 2016 at 9:25 am Reply | Quote
  • Quote note (#213) | Reaction Times Says:

    […] Source: Outside In […]

    Posted on January 30th, 2016 at 10:58 am Reply | Quote
  • frank Says:

    This was totally not true socialism. Next time it will definitely work. Just ask Sean Penn. Now we must listen to those Hollywood stars that support Bernie Sanders so that we can try true socialism here!

    [Reply]

    Gentile Ben Reply:

    “It’s never, like, REALLY been tried….”

    [Reply]

    Alrenous Reply:

    Well, that’s true. It hasn’t. Neither has a free market.

    However, we can see that more intense approaches to the market bring more intense wealth, freedom, and health, whereas more intense approaches to socialism bring more intense death. Anyone who genuinely cared about the little people gave up on communism in the late 1800s and early 1900s when the small-scale communes failed catastrophically.

    [Reply]

    frank Reply:

    Wouldn’t you rather see the world reduced to uniform ash than to see inequality prevail though? If the answer is yes, come join our death cult comrade!

    Posted on January 30th, 2016 at 1:43 pm Reply | Quote
  • SVErshov Says:

    @Marxist toady

    while both sides quite crazy, sanity is not in the middle

    [Reply]

    Posted on January 31st, 2016 at 2:59 am Reply | Quote
  • Different T Says:

    Somewhat off topic but related to economics:

    Here is what this regards: http://unqualified-reservations.blogspot.com/2008/01/straightforward-explanation-of-present.html

    http://ozrisk.net/2007/12/29/can-fractional-reserve-be-banned/

    Can someone explain why MM thinks maturity matching eliminates liquidity risk while conceding that banks do a good job of managing default risk?

    It seems liquidity risk is a massive re-pricing of default risk.

    [Reply]

    Posted on January 31st, 2016 at 3:57 am Reply | Quote
  • Different T Says:

    Seems comment is stuck in moderation due to the reference links, so this doesn’t include them:

    Can someone explain why MM think maturity matching will eliminate liquidity risk in the financial system (vs default risk, which he says banks are competent at managing)?

    It seems liquidity risk is a massive re-pricing of default risk.

    [Reply]

    Peter A. Taylor Reply:

    Are you conflating “illiquid” with “Insolvent”? A bank could default for either reason.

    In a banking system with maturity matching, I suppose it’s possible that a customer might gamble on being able to cash in his deposit early without taking a bath, and he might lose the bet. But the bank wouldn’t be in default, because it never promised that he could (unlike our system). From the bank’s standpoint, I would think that maturity matching would eliminate liquidity risk by definition of “liquidity risk”.

    [Reply]

    Alrenous Reply:

    Defaults could potentially trigger liquidity risk. Since banks are in fact good at managing default risk, it wouldn’t normally happen, but it’s not impossible. Banks might have to keep up with defaults by taking out loans, so we can see why maturity-matching might be unpopular.

    [Reply]

    Different T Reply:

    If you read the 2nd link MM discusses “liquidity” vs. “default” in the comments section, with liquidity risk basically being what happens if huge amounts of assets are forced onto the market by banks who cannot get normal funding.

    Any suggestions for better sites to ask this on?

    [Reply]

    Posted on January 31st, 2016 at 4:01 am Reply | Quote
  • michael Says:

    @Morkyz
    @Grotesque Body
    Yeah I would have thought that once its kind of what cucks mean when they use culture as a euphemism for race reality. The reason I no longer think youre right is first HBD made it clear the situation is hopeless no amount of social head start is going to move the needle beyond a certain point [though we could do much better]But HBD also tells us people will act tribally except our people who will not, this puts us at a huge disadvantage in the type of society we like and worked so well for us until multicukturalism.[that was a typo but i like so ill let it stand lol]. The other problem and probably the biggest argument is we have been through your system already many times and it always ends up like this. Despite the US constitution ‘freedom of association is illegal,so is freedom of speech,property rights are limited in many ways but in this context its illegal to not serve not hire not promote except on a racial basis, pretty much all our values were eradicated because they cant compete on the basis of western rights. And before that we had a system that essentially took that reality into account and meted out a separate system stricter, that didnt work either because we couldnt stand to look at the result. This revulsion reflex is not going to change even if you could convince every leftist of the HBD they will not stand for the dire circumstance and inequality remember citizens of the pre 1950s back to the 1850s were a lot more hard boiled and couldn’t take it.You plan is essentially a libertarian dream and its a non starter as far as the marxists are concerned youre just a crypto nazi. People failing in their own states is a lot more acceptable. That said its just too expensive financially and culturally.I think a real thorough cost analysis of multiculturalism would prove that the trilllion a year we spend on welfare is a fraction of the real cost, what does it cost to have dindus administer our government while our best and brightest are working as apologists for diversity, what is the cost of the crime police courts prison parole, what does AA and reparation bribes and the black retirement system of frivolous lawsuits cost,what does it cost that our entire culture is in a straight jacket we cant speak make art or pursue things like space exploration and science because they offend,Im no economist but i think a real analysis would be staggering. it doesnt mean we couldnt have guest workers.

    [Reply]

    R. J. Moore II Reply:

    This is why the vast majority of the white race should be eugenically cleansed, as they are broken. If the white race is ever to be capable of realising its potential it needs not to deal with (imaginary/self-imposed) threats from the Other, but instead needs to get rid of the culture of empathy and bourgeousie comfort. Basically, the bottom and middle tier of the tripartite society needs to be Holocausted, one way or the other, so all that’s left are billionaires and people who can lead an army. The rest are holding us back.

    [Reply]

    Posted on January 31st, 2016 at 3:24 pm Reply | Quote
  • R. J. Moore II Says:

    Over at Robert Lindsay’s blog he’s been blaming capitalists for deliberately destroying the economy of Venezuela. Not only is that insane socialist rationalization/anti-history, it’s also something that would be inspirational and bad-ass if true. I guess that just shows how different our core values are.

    [Reply]

    Posted on February 3rd, 2016 at 9:06 am Reply | Quote

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