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/edu/ - Education

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What do people exactly mean when they claim Cuba and Venezuela were richer before their socialist governments? was it close to an oligarchy?


It means they don't understand what the fuck they are talking about. Cuba was literally a massive casino.


venezuela had a functional bourgeois democracy since the late 1940s or so called the "punto fijo" (fixed point). they had two political parties that alternated power with each other for decades until Chavez destroyed the system. Of course the republic mostly served the interests of the rich and did little to alleviate the suffering of the poor, so the political system became more and more unworkable over the decades until it went into a terminal crisis in the 80s and 90s. There is still a lot of debate over whether the economy was imbalanced and too lopsided toward extractive oil industries, or whether it could have taken a different path or something.


here are some annotated bibliographies for books on Chavez/bolivarian revolution


here's one on the cuban revolution



sorry it came about in 1958* not in the late 1940s


>Dirty commies took away grandpa’s slaves, they should all be exterminated, blacks belong to whites and Cuba belongs to America
Basically this


For what it's worth Venezuela in 1996 had an inflation rate of only 100% as opposed to back in 2018 when it reached up to 130,060%.



Cuba was actually a center for sex tourism, much like Thailand or the Phillipines today.


What exactly caused this inflation are they printing that much money ore is this some US chenanigans


Some little videos about it. At least Venezuela, it's common knowladge that Cuba under Batista was a playground for mafias and rich gringos.

Videos about Venezuela
https://www.youtube.com/watch?v=Yvh_mCQbExk Part One
https://www.youtube.com/watch?v=gJZ9QJx_Xqw Part Two

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