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In Venezuela, As Elsewhere,
Socialism Comes With Shortages

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 3/22/2014 11:10:57 AM

Hemisphere: Venezuela´s price and currency controls have wrought what they always wreak: monster shortages. And it stinks, literally, with toilet paper, diapers, soap and deodorant joining drugs on the list. That shutoff from global standards is what prevents willing buyers from acquiring goods from abroad, the source of 80% of Venezuela´s consumer staples. No foreign currency, no purchases. Further down the line, price controls have driven more shortages as costs to produce in an economy with a 56% inflation rate have made it impossible to turn a profit.

Comments:
It´s called the Stench of Socialism and it´s quite literal.

      


Post Reply  

Reply 1 - Posted by: Distorted, 3/22/2014 11:22:38 AM     (No. 9779761)

Collectivism is standing in lines.

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Reply 2 - Posted by: eoddad, 3/22/2014 11:28:16 AM     (No. 9779765)

I´ll bet Obama is envious of what the socialist have done to the Venezuelan economy. He will read this and will realize he has more destruction to do. He will be tickled by the fact that Venezuelan Cancer patients are left to die with no medical care knowing he did everything he could to give the U.S. a socialist health care system where shortages will flourish and death panels will have real power over life and death.

Long live the "Toilet (massive shortages of Toilet paper). Revolution." New twist to the "Race to the Bottom".

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R-VAR_AD


 
Reply 3 - Posted by: nimby, 3/22/2014 11:51:49 AM     (No. 9779795)

#1 standing in line is for us " common citizens" . The dictators and those who make up these rules fly all over the world on our dime and pay $8 grand plus for a night in Presidential suites.

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Reply 4 - Posted by: GringoinQuito, 3/22/2014 12:03:56 PM     (No. 9779806)

The idiots in power in Venezuela (Cubazuela) only have to look at what their Cuban counterparts are going through. How can people be so stupid? I feel so sorry for the Venezuelan people.

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Reply 5 - Posted by: Nevadadad46, 3/22/2014 1:00:51 PM     (No. 9779897)

And now, the people have the government they deserve. Remember, Jimmah Cahtah inspected the election of Chavez and found it to be a model of fairness and legality. Bless the Socialist Systems for being the gifts that just keeps right on giving.

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