Monday, June 21, 2010

Try parasitic government class...

Venezuela: Hugo Chavez Spearheads Raids as Food Prices Spike - CNBC

Much of the wasted food, including powdered milk and meat, was found last month in the buildup to legislative elections in September. The scandal is humiliating for Chavez, who accuses wealthy elites of fueling inflation and causing shortages of products such as meat, sugar and milk by hoarding food.

"They are not going to stop us in the plan, which is to give the people what is their right," Chavez said Friday during the inauguration of a supermarket chain the government bought this year from French retailer Casino.

A note to Chavez - you can't force people to sell anything at a loss for too long. Eventually they either go bankrupt or refuse to continue. Either way it causes hoarding and shortages.

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