When Venezuela’s thug-dictator Hugo Chavez moved his country away from market-based capitalismto thug-based socialism,
Well, I have a Reuters story right here in my formerly nicotine-stained fingers: Food shortages are now a part of life [for Hugo’s subjects]. Workers leave jobs for hours at a time searching for milk, cooking oil –even beef. The shortages come despite the fact that Venezuela’s economy is “overheating” and the country is awash in record oil revenues. (They’rebeing confiscated, by the way, and redistributed.)
Government minions assign blame elsewhere. They say food shortages are the result of
But despite price controls setting the price of powdered milk at 6 bucks a can,the stuff sells for twice that.The black market’sgrowing, supplying consumers with scarce goods– even as Hugo’s government subsidizes supermarkets. Some stores are rationing foodas in Cuba and the old Soviet Union. The government’sseizing food from businesses thatthey say are hoarding supplies.
Soa new prediction, folks:
By the way… Hugo — Have you seen him lately? He is
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