November 11, 2013
Socialism. You gotta love it. In Venezuela the government of Nicolás Maduro has sent the military into Daka, a popular electronics store similar to Best Buy.
Soldiers will now make sure customers are charged a fair price for plasma televisions, washing machines and other imported appliances.
“Members of Venezuela’s National Guard, some of whom carried assault rifles, kept order at the stores as bargain hunters rushed to get inside,” reports USA Today.
“Daka’s store managers, according to Maduro, have been arrested and are being held by the country’s security services. Neither Daka nor the government responded to requests for comment.”
Maduro, the successor of Hugo Chávez, went on state television Friday and called for the “occupation” of the electronics chain.
“This is for the good of the nation,” Maduro said. “Leave nothing on the shelves, nothing in the warehouses … Let nothing remain in stock!”
Maduro and the government say the United States is waging economic war on Venezuela. Economists blame a decade of price controls and a socialist command economy for Venezuela’s problems.
Socialists never learn. When a government sets prices, controls resources, micromanages production, and regulates consumption the result is poverty. Daka’s prices are direct result of the socialist control freak government’s monetary policy.
“With such a shortage of hard currency for importers and regular citizens, dollars sell on the black market for nine times their official, government-set value. Prices, at shops such as Daka, are set according to this black market, hence the government’s crackdown,” reports USA Today.
This article was posted: Monday, November 11, 2013 at 4:50 pm