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CARACAS, Venezuela, Feb. 16 — Faced with an accelerating inflation rate and shortages of basic foods like beef, chicken and milk, President Hugo Chávez has threatened to jail grocery store owners and nationalize their businesses if they violate the country’s expanding price controls.
... Fears that more private companies could be nationalized have put further pressure on the currency as rich Venezuelans try to take money out of the country.
-- Simon Romero for The New York Times
Wow, it is like the French Revolution and Castro all in one. I guess, centralization and collectivization really don't work. Downhill:
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CARACAS, Venezuela, Feb. 16 — Faced with an accelerating inflation rate and shortages of basic foods like beef, chicken and milk, President Hugo Chávez has threatened to jail grocery store owners and nationalize their businesses if they violate the country’s expanding price controls.
... Fears that more private companies could be nationalized have put further pressure on the currency as rich Venezuelans try to take money out of the country.
-- Simon Romero for The New York Times
Wow, it is like the French Revolution and Castro all in one. I guess, centralization and collectivization really don't work. Downhill:
“It is surreal that we’ve arrived at a point where we are in danger of squandering a major oil boom,” said José Guerra, a former chief of economic research at Venezuela’s central bank, who left Mr. Chavez’s government in 2004. “If the government insists on sticking to policies that are clearly failing, we may be headed down the road of Zimbabwe.”Maybe it's just a yankee, imperialistic plot, and it's time to start executing traitors and counter-revolutionaries.
