communist china has been selling off the milk and steel industries and becoming capitalist socialist India: 1947; looked around and saw all the poor people and had to take care of them; but then they can’t control everything so they sold off a lot of their stuff train telecommunication system towards full on capitalism o the shift is also from the fact that the governments can’t run things as well as private businesses they make way more money from just taxing the private industries or sell licenses make a lot more money off taxes and fees than trying to run the business
September 14, 2016 - privatization has also been going on because big corporations have gotten really big in the past years too - they have a lot of power and can lobby governments very hard and can exert a lot of pressure on the states - who can get the oil out of Nigeria better? o The government of Nigeria or Exxon? o Nigeria is one of the most corrupt governements o There are no where near as good as Exxon o Exxon ONLY does oil, they’re really good at it!!! - Nationalization dead? o No way! o The Economist is a central right publication The return of economic nationalization!! (dead arm out of grave) Current events of 2008 recession o Hugo Chavez’s moving things to the left has been reflected in Latin America and Africa Milk, oil, etc Gaining steam in Bolivia, Ecuador, Nicaragua This is a movement which is gaining steam in some parts of the world mostly Latin America Places with extreme poverty and wealth disparity Government sees this as the only way to recover o George bush: Freddie Mac and Fanny Mae? o Obama: Nationalizing banks, financial institutions, car Perhaps socialize the medicine He looks like a full on nationalizim commie!! He is not trying to be the USSR but he is changing the economy of the US Video 2.3: Examples
September 14, 2016 - - Q: any true communist states? o Not really Left: Cuba and North Korea are the only ones trying to still do this They both have an underground capitalist system Not really pulling it off but still pretending - Moving from left to right: o Venezuela Hugo Chavez has been grabbing up everything Hasn’t been working very well He’s trying to use everything o Saudi Arabia: Politically they are not left at all (it’s a monarchy) They are very liberal on the economic scale They make trillions from oil and then they use that money and everything is free Healthcare College Saudi Arabian government will send you abroad to study o Brunei They sit on an oil well and they have made trillions off the oil
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- Spring '08
- Communism, Saudi Arabia, People's Republic of China, Privatization, Nationalization