What sort of things does Huerta de Soto talk about? I see he is Austrian school I would just like to hear what you gleaned from his work
There are lots of economy classes from him on youtube, but in spanish. He basically explains from what's economics, what is money, how price formation happens, which are the basic contracts (deposit, credit, etc). It's pretty easy to understand since his classes are usually in a simple and common language. I really recommend it to anyone to see his class 1 to 21, which is a pretty basic economics course that sadly most of the people have no idea. He demonstrate how absurd the socialist economic theory is and also why it is impossible to work (which was proven way before), it's all basically because prices are formed with two basic pre-requisites (which socialism represses and distorts): free transactions and money. Free transactions are not allowed in socialism, ex: price controls, state intervention preventing free trade between individuals, etc. And money, which the most relevant one is gold (stolen from people in US around 1.930, and later again with elimination of gold standard in the 70's), is usually state controlled and they print it like crazy to steal money from people without having to increase taxes (which is way more evident).
But if you don't know spanish, I suggest you to buy the english version of his book.
I don't know why this thing still notifies me about this thread, but anyway, postman, don't waste your time, I ran from Venezuela years ago, I ain't gonna read your stuff, you don't seem to understand about economics and basic history, when you see a graph showing oil prices and "wealth" or prosperity in Venezuela, you'll know why I'll keep on ignoring you, is extremely stupid to discuss this things when you don't know that 90%+ of Venezuela's GDP is from oil, and close to 95%+ is from minerals, and decades ago they are state controlled. Is too cheap to talk and try to appear like if you know things, but I know how you think because I was a leftist, I knew commies, I was almost a communist, I grew up in a 50+ years socialist country and I woke up from that bull****.
Energizer is also funny, didn't read the whole thing. He doesn't seem to know that precisely Pinochet was the one that rescued Chile from the communist, 30 years after that Chile was the most prosperous and free country of Latinamerica, now Venezuela following socialist recipes for almost 60 years is in an exodus, where Venezuelas dream about running away to Chile, or preferably with even more historically capitalist countries, like Switzerland, United States, New Zealand, etc. I get kinda bored of this leftists because I was one of them, I know almost every single excuse or "argument" they can give, because being there, done that. It would have being a good thing that Pinochet killed me when I was a socialist if I tried to put a bomb or conspire to drag millions to misery and poverty, but I was lucky, I got cured from that disease and I'm now enjoying what's left of his legacy, that sadly is being under heavy attack from the local leftists.
Being a leftist basically in my personal experience is closely tied to: envy, frustration, hatred, all negative stuff. One of the best guys to describe leftists was Theodore Kaczinsky in his manifesto. The most funny leftists aren't even those who are poor and want to steal from the successful ones, but those who live in wealthy countries and talk about socialism while drinking a scotch or with an iPhone in their hands, LOL, they don't even have the balls to live in a really socialist country, like Cuba, North Korea or Venezuela, they want to drag their neighbours to misery.
"Venezuela wasn't socialistic, nor even a socialist controlled by the State, where's the self-work management?"
Another guy who has no idea on economics. I have seen lots of cooperative companies failing, one after another, and just being a way to get access to state privileges. They tried it, it failed.
Socialism is state or colective ownership of means of production, which is what is being tried in Venezuela, it OBVIOUSLY failed, like expected since decades.
"and yes socialism can have a free market"
No, it can't. Because market can't be free if the state owns the means of production or regulates transactions with violence as threat, the more the state get's involved, the less free the economy. That's so absurd, is as absurd as saying "state capitalism". Capitalism requires money (which is not that crap that the FED prints) and free transactions.
"Venezuela wasn't/ isn't a socialist, non-market economy. It is a market economy, it even has private companies."
WTH are you talking about man? you have not a single clue. I even remember that once I tried to start a company, the state under a high inflation regulated earnings, this usually meant that you had two options: doing something ilegal or go bankrupt because inflation ate you alive. There's not free market in Venezuela, regulations are abundant and stupid AF. I'll tell you another so you stop that absurd idea you have: you can't legally own US Dollar bills, if a cop wants he can take them away from you because they forbid it years ago, you can't sell US dollar bills or buy or sell things in US dollars. How anyone in his 5 senses say such a things knowing it? do they pay you to fill this forum with propaganda?