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Caribbean-Latin America
Venezuelan troops grab groceries
2008-01-24
Venezuela's top food company has accused troops of illegally seizing more than 500 tonnes of food from its trucks as part of President Hugo Chavez's campaign to stem shortages.
"Hugo of the Bolivars: Building a Bleaker Tomorrow Today."
The leftist Chavez this week created a state food distributor and loosened some price controls, seeking to end months of shortages for staples like milk and eggs that have caused long lines and upset his supporters in the OPEC nation. The highly publicised campaign has also included government crackdowns on accused smuggling, with the military seizing 1,600 tonnes of food and sending 1,200 troops to the border with Colombia.

Jose Anzola, a director of food company Alimentos Polar, told reporters that troops stopped 27 of its trucks over the last three days and described the seizures as "illegal, arbitrary and irresponsible."

Troops said they halted the transport of 350 tonnes of food to states along the Colombian border on suspicion of smuggling, he said. Another 165 tonnes were impounded in an eastern state on accusations of hoarding, he added. Venezuela's National Guard did not immediately respond to requests for comment on Polar's statements.

Polar, one of the country's largest private employers and best-known brands, produces and distributes grocery products including corn flour, a central element of Venezuelan cooking, and the country's most popular beer. Business leaders say shortages of these products are caused by strict price controls, which have lagged inflation that is Latin America's highest.
Posted by:Fred

#4  Venezuela's GDP is listed at $166B. Oil exports are around $50B of that, likely more in 2008. So no matter how much Hugo's Commie policies wreck the non oil economy, he can buy off the lower 50 percentile of the population with oil revenues. The more he wrecks the economy, the less resources the remaining population can muster resources against him.

The onus is on the US to develop domestic oil and alternative production. Low oil prices would take care of 80% of our foreign problems as well as slow the hemorrhaging of our own economy.
Posted by: ed   2008-01-24 13:34  

#3  zimbob aint got oil. Still its ever enlightening to see just how bad Chavez is screwing things up despite the oil income.

Posted by: Dopey Flotle8127   2008-01-24 13:09  

#2  Stephen Green ("Vodkapundit") calls Venezuela "Zimbabwe on the Caribbean." It's an apt description.
Posted by: Mike   2008-01-24 11:22  

#1  And the correct answer is....."27 Trucks!"
Posted by: Besoeker   2008-01-24 03:50  

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