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Sadly this country is spiraling out of control.
The more the government takes over with controls the worse it seems to get.
And the black market there is growing by leaps and bounds.
And with such shortages in goods and stagnant salaries many found time to wait in line for big screen TVs.
And this is the country who has a TP shortage because the government took over the TP factory.
Venezuelan shoppers amass outside seized stores
At 1:30 a.m., shoppers were still arriving to join the hundreds who began amassing in the afternoon after price inspectors said they found evidence of "usury" and Maduro ordered the chain's "occupation." In a televised address Friday night, the president vowed to reopen the stores Saturday and unload their stock of plasma televisions, washing machines and other seized merchandise at "fair prices."
..
The Friday night frenzy, described by one bargain hunter as an "organized looting," cut across Venezuela's normally insurmountable political divide — a reflection of how near-record 54 percent inflation and shortages of basic goods such as milk and toilet paper are affecting all families in South America's biggest oil producer.
..
Jose Solano, shopper number 223, sides with Maduro and blames an "economic war" waged by enemies of the socialist revolution started by the late Hugo Chavez for pushing up prices beyond reach. With his son, he plans to spend the night sleeping in line so they can purchase a 46-inch, Sony plasma TV at a quarter of the 54,000 bolivar listed price still visible through the glass store front. The TV costs $8,571 at the official exchange rate and about $1,000 at the black market rate.
Sadly this country is spiraling out of control.
The more the government takes over with controls the worse it seems to get.
And the black market there is growing by leaps and bounds.
And with such shortages in goods and stagnant salaries many found time to wait in line for big screen TVs.
And this is the country who has a TP shortage because the government took over the TP factory.
Venezuelan shoppers amass outside seized stores
At 1:30 a.m., shoppers were still arriving to join the hundreds who began amassing in the afternoon after price inspectors said they found evidence of "usury" and Maduro ordered the chain's "occupation." In a televised address Friday night, the president vowed to reopen the stores Saturday and unload their stock of plasma televisions, washing machines and other seized merchandise at "fair prices."
..
The Friday night frenzy, described by one bargain hunter as an "organized looting," cut across Venezuela's normally insurmountable political divide — a reflection of how near-record 54 percent inflation and shortages of basic goods such as milk and toilet paper are affecting all families in South America's biggest oil producer.
..
Jose Solano, shopper number 223, sides with Maduro and blames an "economic war" waged by enemies of the socialist revolution started by the late Hugo Chavez for pushing up prices beyond reach. With his son, he plans to spend the night sleeping in line so they can purchase a 46-inch, Sony plasma TV at a quarter of the 54,000 bolivar listed price still visible through the glass store front. The TV costs $8,571 at the official exchange rate and about $1,000 at the black market rate.
Appliances are "necessary for life", thus they also receive special status alongside toilet paper and government must ensure equality for all on affordability. Sounds legit.
Quote:
Jose Solano, shopper number 223, sides with Maduro and blames an "economic war" waged by enemies of the socialist revolution started by the late Hugo Chavez for pushing up prices beyond reach. With his son, he plans to spend the night sleeping in line so they can purchase a 46-inch, Sony plasma TV at a quarter of the 54,000 bolivar listed price still visible through the glass store front. The TV costs $8,571 at the official exchange rate and about $1,000 at the black market rate.
lol. Plasma TVs for the people!
I'm guessing more appliance companies will pull funds out of Venezuela and ensure even more shortages, thus ensuring more seizures and government redistribution, etc. until they reach the abyss of forced labor for construction of major appliances?
And Maduro blames rich businessmen and politicians backed by the US for the out of control inflation.
He says he's going to do what it takes to stop the robbery of the people.
Another article says the store has 3 chains. The government took over all three and plan to clean out the stores and warehouses with nothing left. They called in the army to keep the peace while the people "shopped".
Price controls were put in a decade ago and haven't budged.
He's also losing popularity and an election is coming up.
I guess this is his way of campaigning to get the popular vote
Huh? Mad about what? I don't typically pay attention to what is going on in Venezuela.
you should. it's significant because the "president" you elected, with his 2nd grade education, seems to like countries like venezuela.
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