November 11, 2013

Meanwhile, In the People's Paradise of Venezuela

Presidenté Hugo Chavez is gone but not forgotten. @j_arthur_bloom (via @NickGillespie) nails it: "Holy crap. This is like a libertarian satire of socialism but in real life " USA Today:

President Nicolás Maduro ordered a military "occupation" of the company's five stores as he continues the government's crackdown on an "economic war" it says is being waged against the country, with the help of Washington.

Members of Venezuela's National Guard, some of whom carried assault rifles, kept order at the stores as bargain hunters rushed to get inside.

"I want a Sony plasma television for the house," said Amanda Lisboa, 34, a business administrator, who had waited seven hours already outside one Caracas store. "It's going to be so cheap!"

And, yet the spirit of Capitalism is difficult to extirpate.
Water and snacks were being sold outside the store by savvy Venezuelans keen to profit from the commotion. Happy customers weaved giant television screens and other items back to their cars through the crowds.

And, in completely unrelated news:
Maduro faces municipal elections on Dec. 8. His popularity has dropped significantly in recent months, with shortages of basic items such as chicken, milk and toilet paper as well as soaring inflation, at 54.3% over the past 12 months.

Shortages? Really? Let me put on my shocked face...

Venezuela Posted by John Kranz at November 11, 2013 9:57 AM
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