Thursday, February 08, 2007

Starting to feel like Cuba

Now, this is news: There are shortages of meat and sugar in Venezuela.
Venezuela is a tropical, oil rich country. So what gives?

Chavez blames "unscrupulous speculators, but industry officials say government price controls that strangle profits are responsible. Authorities on Wednesday raided a warehouse in Caracas and seized seven tons of sugar hoarded by vendors unwilling to market the inventory at the official price".

The horror.

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