More joy from the people's republic of Venezuela
Chavez really needs to go -- now.
From
CNBC News:
Hugo Chavez Spearheads Raids as Food Prices Skyrocket
Mountains of rotting food found at a government warehouse, soaring prices and soldiers raiding wholesalers accused of hoarding: Food supply is the latest battle in President Hugo Chavez's socialist revolution.
Venezuelan army soldiers swept through the working class, pro-Chavez neighborhood of Catia in Caracas last week, seizing 120 tons of rice along with coffee and powdered milk that officials said was to be sold above regulated prices.
"The battle for food is a matter of national security," said a red-shirted official from the Food Ministry, resting his arm on a pallet laden with bags of coffee.
It is also the latest issue to divide the Latin American country where Chavez has nationalized a wide swathe of the economy, he says to reverse years of exploitation of the poor.
Chavez supporters are grateful for a network of cheap state-run supermarkets and they say the raids will slow massive inflation.
Critics accuse him of steering the country toward a communist dictatorship and say he is destroying the private sector.
Price fixing simply does not work. Jimmy Carter discovered that during the oil crunch.
Chavez is using the revenues from the oil wells to prop up his 'Bolivarian Revolution' fever dream and when that oil runs out, Venezuela is in for a major world of hurt.
I feel really sorry for her citizens -- they are innocent and are being led by an idiot.
The article mentions that Venezuela imports 70% of their food. Unreal...
Posted by DaveH at June 20, 2010 1:32 PM