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The new workers paradise

Meet the fun face of socialism and top-down government. Mr. Hugo Chavez has decided that since (while on his watch) food has become very scarce and expensive, he needs the People's Government needs to put price caps in place to ensure equitable distribution for all citizens... If you were driving a car during the mid-1970's under Jimmy Carter's most excellent one-term adventure, you should remember just how successful Carter's gasoline price caps were:
Here is a bit of the Chavez article:

Food shortages follow Chávez price controls
Meat and sugar were scarce in Venezuelan stores this week as merchants resisted price controls.

Meat cuts vanished from Venezuelan supermarkets this week, leaving only unsavory bits like chicken feet, while costly artificial sweeteners have increasingly replaced sugar, and many staples sell far above government-fixed prices.

President Hugo Chávez's administration blames the food supply problems on speculators, but industry officials say government price controls that strangle profits are responsible.

Such shortages have sporadically appeared with items from milk to coffee since early 2003, when Chávez began regulating prices for 400 basic products as a way to counter inflation and protect the poor.

Yet inflation has soared to an accumulated 78 percent in the last four years in an economy awash in petrodollars, and food prices have increased particularly swiftly, creating a widening discrepancy between official prices and the true cost of getting goods to market in Venezuela.

Sorry people, socialism is DEAD. It is pining for the fjords, passed on; no more; ceased to be; expired and gone to meet 'is maker; bereft of life, rests in peace -- but you get my drift... The people get the government AND THE ECONOMY that they deserve. Posted by DaveH at February 15, 2007 10:03 PM