Sunday, June 3, 2007

"An accomplishment of the revolution"

Latin America is where economics goes to die…

Venezuela: No, this is not a brand new refrigerator. This is the meat display at the supermarket I go to. This is a daily occurrence as they have not had meat for quite a while, as a matter of fact since at least April 20th. they have received meat twice, both times selling it in less than two hours. This had never happened in the country's history, but between land being taken over and left unused and price controls, supply has simply disappeared. There you have it, a true, real accomplishment by the revolution!
Lucky for the dogs there aren't any price controls on the row of dog food bags beneath the meat counter. [Link via Autonomous Source who features an article about energy price controls and shortages in Argentina.]

4 comments:

Jake said...

I guess we won't know if the meat price controls are successful until Hugo Chavez's carcass is dangling off a meat hook.

rhebner said...

If you can set aside the human suffering in all of this, it's kind of fun to watch a text book case of socialism in action. It's like watching a play or a favourite movie you've seen many times. You know exactly whats going to happen next, but the players on stage haven't a clue whats coming up!

The only twist here is that there is handful in the audience clutching their copies of "The Nation" hoping for a different ending to the play.

Fenris Badwulf said...

The first to try price controls was the Emperor Diocletian. It did not work then. It did not work for Trudeau, either.

It is a great way to transfer wealth to family members from non-family members, though

Anonymous said...

It sucks to be Venezuelan but I'm more worried about what is going to happen to us in Canada as all the parties (including the Conservatives) fall all over themselves trying to adapt Chavez's economy-wrecking populism to El Gran Norte Blanco.