Reply #47: CEO's pay isn't what doomed our economy... [View All]

[Fearless]

It is only small beans compared to the rest.

What we had was unsustainable growth in the housing market. An auto industry which suffered from both an image problem and rampant mismanagement (over-production of SUV's primarily). What I like to call Laissez-fucked economics in which we let people cook the books, invest unwisely, provide investments unwisely, and function on a growthside industrial-economic model. (They spent money as if the market would keep growing forever.) And a thousand more things including unwise credit practices, etc.

Therefore, to compare Venezuela's problems and our problems and try to come to some sort of mutual solution that the two can share, is very unlikely to occur as neither had the same problems as the other. Solutions for each of their individualized problems are needed.