Hugo Chavez seizes rice processing plants that refuse to sell rice at the government approved price
What is interesting is how interesting is how both Chavez and Obama blame companies for any problems. From the BBC:
Venezuelan President Hugo Chavez has ordered the army to take control of all rice processing plants in the country.
Mr Chavez accused some firms of overcharging by refusing to produce rice at prices set by the government.
He warned that some companies could be nationalised if they tried to interfere with supplies of the grain.
Mr Chavez - who has nationalised large swathes of Venezuela's economy - did not say how long the government intervention would last. . . . .
Announcing the move to send troops to the rice plants in a televised address to the nation on Saturday, Mr Chavez criticised the producers for failing to sell their rice at government prices. . . . .
Labels: Chavez, nationalization
posted by John Lott at 12:53 PM
1 Comments:
And this is why the Venezuelan economy is in the tank. The only thing keeping them afloat is the oil they sell to their fraternal socialist brethern in China.
What is interesting is that at no time has any socialist country ever been successful. At least in the eyes of intelligent people. The socialists see no problems with their actions because they despise freedom. When they see people making a good life for themselves and passing their property on to their children, the socialists scream that someone is being exploited.
Strangely, the only exploitation going on is when the socialists exploit a group to arouse their hatred at others that have caused their "victimization."
Until that attitude is removed from this country, we are in peril of becoming a Venezuela. Or North Korea. Or Zimbabwe.
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