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Caribbean-Latin America
Venezuela may take control of supermarkets
2007-02-12
President Hugo Chavez's government is preparing a decree that would let officials take control of food distribution chains, possibly including supermarkets and storage depots, if services are interrupted, officials said Sunday.

Industry and Commerce Minister Maria Cristina Iglesias told a news conference the decree would help curb supply problems that have caused severe shortages of meats, milk and sugar in Venezuela in recent weeks. Industry officials blame the shortages on price controls that oblige retailers to sell at a loss, while the government points the finger at unscrupulous speculators, including supermarket owners and distributors, who hoard food or boost prices.

Iglesias said the new legislation would give the government, along with municipal authorities and "communal councils," or neighborhood assemblies, authority over food distribution and sales if private companies such as supermarket chains halt their operations.
Posted by:Fred

#16  Hugo had better make sure he keeps his army fed.
Posted by: john   2007-02-12 20:42  

#15  To paraphrase a T-Shirt I saw many years ago: "Supply and demand - it's not just a good idea, it's the law."
Posted by: Rambler   2007-02-12 16:38  

#14  Hugo is a big guy, don't mess with his food! lol
Posted by: Angenter Crolugum3645   2007-02-12 14:17  

#13  At first I thought this would end up on the slippery slope to ruin for Hugo. I santd corrected, there is no slope, this is a free fall, watch out for the suppen crash.
Posted by: 49 Pan   2007-02-12 13:09  

#12  You can't get cheaper and larger quantities of food by nationalizing the supermarkets. You've got to nationalize the entire agricultural sector! It worked so well for China and Russia!
Posted by: Perfesser   2007-02-12 12:26  

#11  If it's up to Hugo, they'll never get another Government.
Posted by: Grunter   2007-02-12 11:37  

#10  Serious question, should'nt we be discussing what form Venezuela's NEXT government will be?
Posted by: Redneck Jim   2007-02-12 10:42  

#9  Well, now that Venezuela has gone communists, any bets on how long before it will collapse?

I bet 4-5 years. Step right up for the Venezuela dead pool!
Posted by: DarthVader   2007-02-12 09:45  

#8  And we have a winner!! Frank G has it exactly right. Force the price down so you can't recover your shipping costs and voila no incentive to distribute!! Ergo, shortages.

Gee, now where have we seen this before?
Posted by: AlanC   2007-02-12 09:24  

#7  Stock your pantries while you can, look for arrests for "Hoarding" in the near future.
Posted by: Redneck Jim   2007-02-12 08:56  

#6  probably artificially low "official" prices. Nobody can deliver the goods to market and make a profit, so they don't bother
Posted by: Frank G   2007-02-12 08:32  

#5  How do you hoard milk and meat? Would freezing these things before they hit store shelves be frowned on? It does seem strange that supplies would suddenly dry up overnight, so something must be happening. Is it being orchestrated by Chavez so as to provide an excuse for just such a grab?
Posted by: gorb   2007-02-12 03:25  

#4  At this rate, Venezuela will go 'Red' before "W" leaves office! I guess "W" will just give that 'buck' to Hilliary.
Posted by: smn   2007-02-12 03:16  

#3  Psst - Hugo; call it nationalizing; it's got a much cooler ring to it, ok?
Posted by: Raj   2007-02-12 01:55  

#2  Wow, sounds just like Soviet Russia.

I visited East Berlin for a few hours in the mid-80s. Went into a local "supermarket" -- there was no bread, no milk, no meat. Lots of people, though.

Venezuela, the 21st century example of communist disaster.

By the way, Ludwig von Mises wrote Socialism in 1922. Explains exactly why a planned economy will always fail, and how.
Posted by: Kalle (kafir forever)   2007-02-12 01:48  

#1  ...if services are interrupted...

Hugo thug interruptions in 5, 4, 3...
Miracle of Socialism™ thingy may take a bit longer.
Posted by: PBMcL   2007-02-12 00:29  

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