Re: [OPE] Question about books that are sound introductions to economics

Jerry wrote:
> Oh, I think the Bolivarians have a pretty good idea of what capitalism
> is like. Their perspective on 'market economies' - and its most
> recent manifestation: Neo-Liberalism - is a consequence of
> bitter experience in Venezuela and elsewhere in Latin America.

The essential fact about the Bolivarians' experience of capitalism is the
super-profits Venezuela makes from its oil industry. Not a manifestation of
economic liberalism, but of monopoly - just like with every other major oil
producer in the world.

Paula

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Received on Wed Sep 22 17:46:27 2010