February 04, 2019

404: Socialism Not Found

1 hour 20 minutes

In America, socialists burn calories in food so they don't starve. In Venezuela, capitalists burn stocks of food so socialists do starve!

This is the Venezuela ep.

Corrections:

Executive Order 13808 was instituted by Trump; Obama's sanction is 13692.

I was off on comparative advantage, the idea is that a country that is more efficient at producing every good still benefits from trading with a less efficient country. In other words, it's good to trade with poor countries even though they're less efficient at making stuff because they're poor and can't charge as much money for the same goods as a richer country.

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