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Zorro

(15,740 posts)
Fri Nov 15, 2013, 01:29 AM Nov 2013

Venezuela jails 100 "bourgeois" businessmen in crackdown

Source: Reuters

Venezuela's socialist governmenthas arrested more than 100 "bourgeois" businessmen in acrackdown on alleged price-gouging at hundreds of shops andcompanies since the weekend, President Nicolas Maduro said onThursday.

"They are barbaric, these capitalist parasites!" Madurothundered in the latest of his lengthy daily speeches. "We havemore than 100 of the bourgeoisie behind bars at the moment."

The successor to the late Hugo Chavez also said hisgovernment was preparing a law to limit Venezuelan businesses'profits to between 15 percent and 30 percent.

Officials say unscrupulous companies have been hiking pricesof electronics and other goods more than 1,000 percent. Criticssay failed socialist economic policies and restricted access toforeign currency are behind Venezuela's runaway inflation.

Read more: http://finance.yahoo.com/news/venezuela-jails-100-bourgeois-businessmen-023227049.html



Oh yeah this is gonna end well...
142 replies = new reply since forum marked as read
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Venezuela jails 100 "bourgeois" businessmen in crackdown (Original Post) Zorro Nov 2013 OP
Uh oh. Ranchemp. Nov 2013 #1
OK. I want to self-alert this response. OK? delrem Nov 2013 #9
Struck a nerve did I? Ranchemp. Nov 2013 #26
wasn't that the intent of your original comment? olddad56 Nov 2013 #72
+1000 nt okaawhatever Nov 2013 #10
So you're okay with the Us having meddled in Chile? a la izquierda Nov 2013 #18
My Angels avatar makes you think like that? Ranchemp. Nov 2013 #28
No, your ROFL smilie. a la izquierda Nov 2013 #55
Ok. Ranchemp. Nov 2013 #56
I smell sulphur... Titonwan Nov 2013 #27
And the man who said that is now worm food. Ranchemp. Nov 2013 #29
So is everyone else that's dead Titonwan Nov 2013 #38
No point, just pointing out the fact that Pres. Chavez is now dead. Ranchemp. Nov 2013 #39
Never thought I'd see a DUer imply that Chavez was worse than Bush... nomorenomore08 Nov 2013 #104
Really, that's what you got out of my reply? Ranchemp. Nov 2013 #111
Okay, maybe I jumped to conclusions... nomorenomore08 Nov 2013 #124
No problem, Ranchemp. Nov 2013 #129
Do you know what a troll is? L0oniX Nov 2013 #33
Yes, do you? Ranchemp. Nov 2013 #36
Don't pay any attention leftynyc Nov 2013 #49
Thank you. Ranchemp. Nov 2013 #51
Excellent leftynyc Nov 2013 #53
they've lost the debate and name calling is all they've got left.. frylock Nov 2013 #62
I'm talking about the personal insults from one member to another. Ranchemp. Nov 2013 #63
of course you are frylock Nov 2013 #69
Thank you. Ranchemp. Nov 2013 #70
no, thank you.. frylock Nov 2013 #73
Happy to oblige. Ranchemp. Nov 2013 #74
i understand the importance of getting your post count back up.. frylock Nov 2013 #75
You think that's what this is about? Ranchemp. Nov 2013 #76
Post removed Post removed Nov 2013 #66
Back atcha Comrade Grumpy. Ranchemp. Nov 2013 #67
Who is they? Looks like one person to me. Kingofalldems Nov 2013 #64
Ok. Ranchemp. Nov 2013 #65
Only 100? MyNameGoesHere Nov 2013 #2
You forgot to add this. Ranchemp. Nov 2013 #3
No. a la izquierda Nov 2013 #17
Yes. Ranchemp. Nov 2013 #30
Actually I did not forget anything MyNameGoesHere Nov 2013 #24
A good start is the day Maduro gets perp-walked. Archae Nov 2013 #4
That is stormfront type BS. delrem Nov 2013 #8
Drug corruption? Yawn MyNameGoesHere Nov 2013 #23
Do you just make shit up out of whole cloth? Please cite specifics. Comrade Grumpy Nov 2013 #68
An excellent start. nt bemildred Nov 2013 #19
At this point christx30 Nov 2013 #5
I like to add frozen dark chocolate :D littlewolf Nov 2013 #13
It is entertaining to watch the Maduro defenders and apologists Ranchemp. Nov 2013 #31
Seems they don't mind dictators leftynyc Nov 2013 #50
Seems so. Ranchemp. Nov 2013 #52
Maybe they're honest about who's democratically elected and who's not. Ever thought of that? delrem Nov 2013 #85
Spare me leftynyc Nov 2013 #86
I would never lie and call a democratically elected leader a "dictator". delrem Nov 2013 #87
You can call him whatever leftynyc Nov 2013 #88
you didn't define anything, and you can't redefine 'dictator' delrem Nov 2013 #89
Lol - you nitpicking over nonsense leftynyc Nov 2013 #91
A brazen liar is calling the truth a "bullshit position" - delrem Nov 2013 #92
ooooooh - a temper tantrum leftynyc Nov 2013 #93
ooooh - a fake walkback via rewording! delrem Nov 2013 #98
And still can't bring leftynyc Nov 2013 #108
If you think I'm going to praise your lie, forget about it. Won't happen. delrem Nov 2013 #110
There is a problem, that the productive class gets paid peanuts while retailers gouge. delrem Nov 2013 #6
Most people can't go out to the farm to shop, LTX Nov 2013 #58
Right, Walmart provides that "service". delrem Nov 2013 #84
I have a Walmart AND a Meijer within walking distance FrodosPet Nov 2013 #95
unlucky you delrem Nov 2013 #96
And for the millions of other people who live in areas where there are no LTX Nov 2013 #107
"Have you ever heard of farmer/rancher co-ops" EX500rider Nov 2013 #114
So if i start a trucking company to haul produce.. EX500rider Nov 2013 #94
unless you're a major billionaire with lots of influence, you'll be in same position as farmers. delrem Nov 2013 #97
Yes you are a vulture if you do that FrodosPet Nov 2013 #99
Better a small business than a large corporation, I would tend to think. nomorenomore08 Nov 2013 #105
Why isn't the farmer a vulture capitalist if he takes a profit? Democat Nov 2013 #113
Are you sure THAT's the problem? hughee99 Nov 2013 #123
Here, we can start with the Waltons, perhaps. lol grahamhgreen Nov 2013 #7
Funny, I rather liked Chavez even though I knew he was a nutcase Warpy Nov 2013 #11
Exhibit A in how NOT to run a socialist economy. LAGC Nov 2013 #12
And the highest crime rate in Latin America. Ranchemp. Nov 2013 #35
highest in South America actually, Honduras and perhaps El Salvador are higher in the whole region Bacchus4.0 Nov 2013 #40
I meant overall crime rate. Ranchemp. Nov 2013 #43
ok, you may be right. Not sure about overall crimes. and you are definitely right Bacchus4.0 Nov 2013 #45
Very true, Ranchemp. Nov 2013 #47
I suspect that Maduro would step in to prevent employers from laying off workers Bacchus4.0 Nov 2013 #57
Jewelry stores routinely keystone.... Spitfire of ATJ Nov 2013 #14
She was right about one thing christx30 Nov 2013 #101
As opposed to the United States where the business model is to keep two sets of books. Spitfire of ATJ Nov 2013 #102
When you're done, send them over to Wall Street. DeSwiss Nov 2013 #15
Wow what a hit piece. fasttense Nov 2013 #16
Yep, lots of cognitive disconnect. bemildred Nov 2013 #20
If you don't find Yahoo News reputable bitchkitty Nov 2013 #21
So what do you dispute in the article? Zorro Nov 2013 #32
VZ made a horrible decision in 2003 when they implemented currency controls hack89 Nov 2013 #41
And how many Wall Street bankers have we jailed? tclambert Nov 2013 #22
I know, hunh Titonwan Nov 2013 #54
Yes, this is a democratic blog, Ranchemp. Nov 2013 #59
"The rule of law works better in Venezuela than it does here." EX500rider Nov 2013 #115
And the highest overall crime rate in all of Latin America. Ranchemp. Nov 2013 #119
love this guy RedstDem Nov 2013 #25
"They are barbaric, these capitalist parasites!" Well ...looks like the US has something in common. L0oniX Nov 2013 #34
I miss Hugo Titonwan Nov 2013 #37
"sometimes you have to wrench power from the corporatists" EX500rider Nov 2013 #116
Venezuela admits its economy has 'structural problems' hack89 Nov 2013 #42
Remember what Nixon said to do to Chile under Allende in the 70's? yurbud Nov 2013 #78
Or it could be, as most respected economists have said, Ranchemp. Nov 2013 #79
Is it heritage foundation, Cato institute, or did Rush not bother to say? yurbud Nov 2013 #83
Respected economists who are 100% correct describing Theyletmeeatcake2 Nov 2013 #109
That's the best you can come up with? Ranchemp. Nov 2013 #112
Hey,I don't have to come up with much do I? Theyletmeeatcake2 Nov 2013 #125
I notice you refuse to answer. Ranchemp. Nov 2013 #126
And what were these same economists saying about Venezuela ..... Theyletmeeatcake2 Nov 2013 #127
Congratulations, you've still managed to avoid answering the question. Ranchemp. Nov 2013 #128
Thank you!!! The economists report it as they see it in your opinion but Theyletmeeatcake2 Nov 2013 #130
The economists don't report is as they see it in my opinion, Ranchemp. Nov 2013 #131
Have a look at pre 1999 figures to see what was going on.... Theyletmeeatcake2 Nov 2013 #133
So things improved for a short time and now are getting very bad very fast hack89 Nov 2013 #136
Things weren't any better then and they're not better now. Ranchemp. Nov 2013 #139
So how is that it's bad if the common people do benefit ? Theyletmeeatcake2 Nov 2013 #142
Their golden age was pretty short hack89 Nov 2013 #132
The golden age I was referring to was pre1999. Theyletmeeatcake2 Nov 2013 #134
And Hugo's "solutions" to those economic problems are why they are where they are at. hack89 Nov 2013 #135
It is due to government imposed currency controls that were implemented in 2003 hack89 Nov 2013 #82
According to a recent article VZ still has a positive budget situation Theyletmeeatcake2 Nov 2013 #141
The next needed step is the arrest of the spies, wreckers and sabatuers AngryAmish Nov 2013 #44
How about VZ's economic policy makers hack89 Nov 2013 #61
"They are barbaric, these capitalist parasites!" Titonwan Nov 2013 #46
Not logical to throw retailers in jail and then complain about product shortages. geek tragedy Nov 2013 #48
Maduro should change his name to Mugabe duplex Nov 2013 #60
There used to be some Mugabe fans here on DU, but they faded away. Throd Nov 2013 #77
Probably to the bitter end. Ranchemp. Nov 2013 #80
Most of them were banned, a couple went quite. Sen. Walter Sobchak Nov 2013 #140
What's wrong with Mugabe? penultimate Nov 2013 #90
What's right with Mugabe? nt EX500rider Nov 2013 #117
At least one of his arms, feet, legs, eyes and ears. penultimate Nov 2013 #122
Besides being a murdering thug dictator? Ranchemp. Nov 2013 #120
That's how see it. ;) penultimate Nov 2013 #121
welcome to DU gopiscrap Nov 2013 #100
Venezuela continues to go down the rabbit hole. Beacool Nov 2013 #71
That's a good srart! Wish arseholes responcible for the last financial crisis would be in jail too. idwiyo Nov 2013 #81
Are these 100 business people going to get due process? hrmjustin Nov 2013 #103
Of course not. Pterodactyl Nov 2013 #137
I hope they do. Not good. hrmjustin Nov 2013 #138
Oof... I don't even want to take a side here... nomorenomore08 Nov 2013 #106
Here's one of the "parasites"! spanza Nov 2013 #118
 

Ranchemp.

(1,991 posts)
1. Uh oh.
Fri Nov 15, 2013, 01:39 AM
Nov 2013

Expect the usual suspects to chime in on how this is the fault of U.S. imperialism and that Maduro and his Merry Band of Thugs has no choice but to confront the evil empire that is the U.S. and how this is the result of the U.S. meddling in Chile in the 70's.

delrem

(9,688 posts)
9. OK. I want to self-alert this response. OK?
Fri Nov 15, 2013, 04:27 AM
Nov 2013

This "U.S. meddling in Chile in the 70's" reference is fucking well deranged in every respect.

a la izquierda

(11,794 posts)
18. So you're okay with the Us having meddled in Chile?
Fri Nov 15, 2013, 07:26 AM
Nov 2013

Your cute little avatar makes me think you're one of my thick skulled students who chuckled their way through my lecture on the Guatemalan Civil War.

Funny, that.

 

Ranchemp.

(1,991 posts)
28. My Angels avatar makes you think like that?
Fri Nov 15, 2013, 10:50 AM
Nov 2013

I guess I struck a nerve, didn't I?
Looks more and more like Maduro and his Merry Band of Thugs are becoming tin pot dictators.
Don't bother replying, I'm not taking it back nor are you going to change my mind about the corruption and criminal acts of the Ven. govt.

a la izquierda

(11,794 posts)
55. No, your ROFL smilie.
Fri Nov 15, 2013, 11:32 AM
Nov 2013

And aw, I has a sad that you don't want to discuss. On a discussion board.
You'll last long if you continually get your panties in a wad.

 

Ranchemp.

(1,991 posts)
129. No problem,
Sun Nov 17, 2013, 12:11 PM
Nov 2013

I've been known to hop, skip, and jump to conclusions.
And just to be clear, Hugo was much better than Boosh, Hugo didn't lie his way into any wars, kill hundreds of thousands of innocent people, but, his economic policies weren't any better, witness what's happening in Ven. now.

 

leftynyc

(26,060 posts)
49. Don't pay any attention
Fri Nov 15, 2013, 11:26 AM
Nov 2013

to those who call you a troll. I've been here over a decade and I completely agree with you.

 

Ranchemp.

(1,991 posts)
51. Thank you.
Fri Nov 15, 2013, 11:29 AM
Nov 2013

It doesn't really bother me to be called a troll, it just means that they've lost the debate and name calling is all they've got left.
I've got thick skin, I can take it.

frylock

(34,825 posts)
62. they've lost the debate and name calling is all they've got left..
Fri Nov 15, 2013, 12:36 PM
Nov 2013

i.e. Maduro and his Merry Band of Thugs?

frylock

(34,825 posts)
75. i understand the importance of getting your post count back up..
Fri Nov 15, 2013, 01:48 PM
Nov 2013

feel free to reply to this post as well.

 

Ranchemp.

(1,991 posts)
76. You think that's what this is about?
Fri Nov 15, 2013, 01:53 PM
Nov 2013

Increasing my post count?

I could care less about my post count, but, if it makes you feel better, I won't answer anymore of your posts in this thread, lest you accuse me of attempting to increase my count again.
Have a great day.

Response to frylock (Reply #62)

 

MyNameGoesHere

(7,638 posts)
24. Actually I did not forget anything
Fri Nov 15, 2013, 08:41 AM
Nov 2013

give me major companies with US owners going to jail then I would get a little exited.

Archae

(46,327 posts)
4. A good start is the day Maduro gets perp-walked.
Fri Nov 15, 2013, 01:52 AM
Nov 2013

No doubt for drug corruption, torture and murder of his opponents.

Right-wing banana republics do that, so do left-wing.

 

MyNameGoesHere

(7,638 posts)
23. Drug corruption? Yawn
Fri Nov 15, 2013, 08:38 AM
Nov 2013

We have Presidents that get away with war crimes. So what are we some kind of hamburger republic?

christx30

(6,241 posts)
5. At this point
Fri Nov 15, 2013, 02:35 AM
Nov 2013

anyone that does business with anyone in Venezuela is an idiot. I love watching this stuff. Pass the popcorn.

 

Ranchemp.

(1,991 posts)
31. It is entertaining to watch the Maduro defenders and apologists
Fri Nov 15, 2013, 10:55 AM
Nov 2013

twist themselves into pretzels justifying this shit. Here's your popcorn with xtra butter.

 

Ranchemp.

(1,991 posts)
52. Seems so.
Fri Nov 15, 2013, 11:31 AM
Nov 2013

A dictator, is a dictator, no matter if it's from the right or left, and should be condemned.

 

leftynyc

(26,060 posts)
86. Spare me
Fri Nov 15, 2013, 05:16 PM
Nov 2013

If this was a rightwinger trying to amass this kind of power, you'd have a hissy fit.

delrem

(9,688 posts)
87. I would never lie and call a democratically elected leader a "dictator".
Fri Nov 15, 2013, 05:20 PM
Nov 2013

Only right-wingers think that by repeating a lie they can create a truth.

 

leftynyc

(26,060 posts)
88. You can call him whatever
Fri Nov 15, 2013, 05:22 PM
Nov 2013

you want but arresting your opposition along with their supporters sucks. You have a problem with my definition...tough.

delrem

(9,688 posts)
89. you didn't define anything, and you can't redefine 'dictator'
Fri Nov 15, 2013, 05:39 PM
Nov 2013

You knowingly lie when you call him a "dictator" - and that has nothing whatever to do with what *I* call him.

 

leftynyc

(26,060 posts)
91. Lol - you nitpicking over nonsense
Fri Nov 15, 2013, 05:47 PM
Nov 2013

shows how shallow and what bullshit your position is but go ahead, knock yourself out while the adults concentrate on the real story.

delrem

(9,688 posts)
92. A brazen liar is calling the truth a "bullshit position" -
Fri Nov 15, 2013, 06:02 PM
Nov 2013

and that the "adults" who go along with the repetitious stream of lies are "deep thinkers".

bye

 

leftynyc

(26,060 posts)
93. ooooooh - a temper tantrum
Fri Nov 15, 2013, 07:41 PM
Nov 2013

I haven't seen one of those for a while. No - you're merely trying to distract from Maduro behaving just as a dictator would and you have no defense of it. It's pretty freeking pathetic.

delrem

(9,688 posts)
98. ooooh - a fake walkback via rewording!
Fri Nov 15, 2013, 09:24 PM
Nov 2013

haven't seen one of those since the last weasel did it.
Pretty freaking pathetic.

 

leftynyc

(26,060 posts)
108. And still can't bring
Sat Nov 16, 2013, 06:28 AM
Nov 2013

yourself to defend this behavior. Can't really blame you for lashing out. It's what children do. Ask yourself this if you have the courage - how would you defend this if you weren't busy trying to insult someone who couldn't possibly care less what you think? What would you be saying if this was a right leaning person? Because this isn't the last time Maduro is going to disappoint - I can guarantee it. Better get busy on that defense.

delrem

(9,688 posts)
110. If you think I'm going to praise your lie, forget about it. Won't happen.
Sat Nov 16, 2013, 07:31 AM
Nov 2013

People don't have to defend against lies, they just have to expose them. Lies don't help make your case, leftynyc - they just show that you live in a bubble.

delrem

(9,688 posts)
6. There is a problem, that the productive class gets paid peanuts while retailers gouge.
Fri Nov 15, 2013, 02:55 AM
Nov 2013

It bothers me - extremely - that I can't pay the farmer direct the full price of the product, without vulture capitalists interfering and ensuring that the farmer gets the least.

LTX

(1,020 posts)
58. Most people can't go out to the farm to shop,
Fri Nov 15, 2013, 11:53 AM
Nov 2013

and most farmers don't have the capital for delivery logistics or retail markets to sell. Middle men provide that service, and end consumers pay for it.

FrodosPet

(5,169 posts)
95. I have a Walmart AND a Meijer within walking distance
Fri Nov 15, 2013, 09:18 PM
Nov 2013

Do you know of any farmer/rancher co-ops in the East Central Oakland County (Pontiac / Auburn Hills, MI) area?

Not a lot of farms here, so it does seem like they would be rare and quite expensive.

LTX

(1,020 posts)
107. And for the millions of other people who live in areas where there are no
Sat Nov 16, 2013, 06:23 AM
Nov 2013

"farmer/rancher co-ops" (or who don't have the money, time, or car to drive a couple of hours or more to shop for organic kale and pine nuts at the "farmer/rancher co-op&quot , I suppose your response is also just a shrug of your elitist shoulders and an "unlucky you."

EX500rider

(10,842 posts)
114. "Have you ever heard of farmer/rancher co-ops"
Sat Nov 16, 2013, 11:12 AM
Nov 2013

According to the U.S. Census Bureau, 80 percent of the U.S. population lives in urban areas. Meaning far from farms and ranches.

FrodosPet

(5,169 posts)
99. Yes you are a vulture if you do that
Fri Nov 15, 2013, 09:34 PM
Nov 2013

According to Trotsky, transportation is specifically mentioned as one of the key industry that should be nationalized. Airlines, trucking and railroads, even taxicabs should be under government control and provided with generous subsidies so they can pay generous living wages regardless of how many people or how much stuff they carry.

People need wages, not profits!

nomorenomore08

(13,324 posts)
105. Better a small business than a large corporation, I would tend to think.
Sat Nov 16, 2013, 01:37 AM
Nov 2013

So long as you treat your employees reasonably well and pay them a living wage.

Democat

(11,617 posts)
113. Why isn't the farmer a vulture capitalist if he takes a profit?
Sat Nov 16, 2013, 10:47 AM
Nov 2013

Anyone who makes a profit is evil to some people.

hughee99

(16,113 posts)
123. Are you sure THAT's the problem?
Sat Nov 16, 2013, 04:37 PM
Nov 2013

It sounds like, within the country the exchange rate is 6.3 bolivars to the dollar, while the actual rate is 16 bolivars to the dollar and if you have to deal black market, the rate is going to be even worse than that.

If you buy a cellphone for $20 US from another country, it would have actually cost you 320 Bolivars (at the 16-1 rate), but the government is telling you at 6.3-1 your break even point is 126 bolivars, and anything above that is profit (or if large enough, "gouging&quot . This being the case, why would ANYONE import ANY products to Venezuela? Just for the pleasure of selling them at a massive loss?

Warpy

(111,255 posts)
11. Funny, I rather liked Chavez even though I knew he was a nutcase
Fri Nov 15, 2013, 04:35 AM
Nov 2013

and his reforms, while necessary, were very badly done.

Maduro seems even more hamfisted. Chavez managed to persuade the capitalist movers and shakers to play ball with him. Maduro is only good at pissing them off and making them destabilize the country through artificial shortages.

Jailing the worst of them isn't going to help him one bit, they'll only escalate the problems.

That's what ideologues never seem to learn, that they have to learn how to play ball with a lot of people they don't like in order to get things done.

Maduro thinks he can bully them into it. Maduro is wrong.

I hope when he goes he won't be replaced by some Pinochet clone. However, when nominal socialists act this badly, it's unavoidable.

LAGC

(5,330 posts)
12. Exhibit A in how NOT to run a socialist economy.
Fri Nov 15, 2013, 04:45 AM
Nov 2013

If they were smart, they'd try to emulate northern Europe's successful democratic socialist systems, let the markets do most of the heavy-lifting with a very progressive tax system, not go full-blown Zimbabwe-style totalitarian command-economy.

Since the weekend, soldiers and inspectors have gone into 1,400 shops, taken over operations at an electronics firm and abattery-making company, and rounded up a handful of looters.
..
..
Venezuela's official inflation, 54 percent annually, is the highest in the Americas.
..
..
The government has ordered local telecom companies to block various websites showing the bolivar at 10 times the official rate of 6.3 to the greenback on the illegal market.


Shit's about to hit the fan...

Bacchus4.0

(6,837 posts)
40. highest in South America actually, Honduras and perhaps El Salvador are higher in the whole region
Fri Nov 15, 2013, 11:09 AM
Nov 2013

if referring to homicides. Ven keeps rising though with 2012 being the worst.

Bacchus4.0

(6,837 posts)
45. ok, you may be right. Not sure about overall crimes. and you are definitely right
Fri Nov 15, 2013, 11:18 AM
Nov 2013

about it will get worse. So while some are cheering the witch hunt against shop owners, what will happen now is a shortage of electronics and appliances, and then employees will lose their jobs as business owners will not be able to pay workers if profit margins are too small.

 

Ranchemp.

(1,991 posts)
47. Very true,
Fri Nov 15, 2013, 11:23 AM
Nov 2013

and because of Maduro govt policy of confiscating and arresting shop owners/managers, no foreign business is going to risk investing in Ven. and many others will leave, thus creating more unemployed and poverty.

My heart weeps for the ordinary Venezuelan citizen, who really have no say over the govt anymore.

Bacchus4.0

(6,837 posts)
57. I suspect that Maduro would step in to prevent employers from laying off workers
Fri Nov 15, 2013, 11:46 AM
Nov 2013

and I assume the state would have to begin paying the workers at some point as businesses go under and shortages continue.

Police are being used to check prices at businesses but not combat crime apparently.

Venezuela is already like the plague to foreign investors. Its a disaster.

 

Spitfire of ATJ

(32,723 posts)
14. Jewelry stores routinely keystone....
Fri Nov 15, 2013, 05:44 AM
Nov 2013

But they're considered a luxury item.

Necessities like milk and eggs should be subject to oversight to make sure people aren't getting screwed and part of what's going on there are attempts to make people suffer and then blame the government.

There is this whole Ann Rand thing amongst the elite that they are god-like examples we are all to aspire to and without them the rest of us would revert back to a state of utter savagery.

I've run into that attitude from people who own a print shop.

christx30

(6,241 posts)
101. She was right about one thing
Fri Nov 15, 2013, 11:25 PM
Nov 2013

If you're a business owner, get your shit out of these countries before the government comes along and nationalizes (steals) everything.
That's why is would never do business with them. Anyone that does is stupid.

 

fasttense

(17,301 posts)
16. Wow what a hit piece.
Fri Nov 15, 2013, 06:41 AM
Nov 2013

This article is designed to send capitalist into a tizzy. It attacks all the sacred cows of capitalism - limiting profits, looting, government control of business. Now if they added making the uber rich and corporations pay actual real taxes then capitalist heads will explode. They even managed to add the words "enabling act" at the end. Wow talk about biased reporting.

I think I will wait for more realistic news reporting before believing any of this.

bemildred

(90,061 posts)
20. Yep, lots of cognitive disconnect.
Fri Nov 15, 2013, 07:53 AM
Nov 2013

All this stuff that just can't work and yet it just keeps being there.

bitchkitty

(7,349 posts)
21. If you don't find Yahoo News reputable
Fri Nov 15, 2013, 08:02 AM
Nov 2013

then you'll have to wait for someone else to post. Zorro only ever posts hit pieces from Yahoo. He posts only about Maduro. When Chavez was alive he posted only about Chavez.

hack89

(39,171 posts)
41. VZ made a horrible decision in 2003 when they implemented currency controls
Fri Nov 15, 2013, 11:10 AM
Nov 2013

to prevent capital flight. The result has been 50% inflation, food shortages and massive debt. VZ depends on capitalism to survive - they sell oil on the global markets while importing many basic consumer goods including food.

A fundamental problem is that business owners don't have access to US dollars they need to buy goods on the international market. So they either buy dollars on the black market and increase their prices to cover the actual costs or they stop selling altogether.

Their problems are self inflicted - they even admit it:

Venezuela's finance minister has acknowledged that the economic policies of late President Hugo Chavez and his successor have not yet succeeded.

Nelson Merentes said the government had "improved" the living standards of many Venezuelans, but not solved the "structural problems" of the economy.

But his government's monetary policy, nationalisation of key industries and management of public funds have been blamed for high inflation, under-performing industry and shortages of basic supplies.


http://www.bbc.co.uk/news/world-latin-america-23924372

tclambert

(11,085 posts)
22. And how many Wall Street bankers have we jailed?
Fri Nov 15, 2013, 08:04 AM
Nov 2013

NOT ENOUGH!

The rule of law works better in Venezuela than it does here. In the US, the rich get a pass . . . or a bailout.

Titonwan

(785 posts)
54. I know, hunh
Fri Nov 15, 2013, 11:32 AM
Nov 2013

And the freebooters here defend this hogwash of reporting. Greedy gougers get their due and people are crying about their 'free market' right to operate unabated.
Wait, isn't this a 'democratic' blog?

 

Ranchemp.

(1,991 posts)
59. Yes, this is a democratic blog,
Fri Nov 15, 2013, 11:56 AM
Nov 2013

which means that we can express our opinions, subject to the TOS and the admins approval.

EX500rider

(10,842 posts)
115. "The rule of law works better in Venezuela than it does here."
Sat Nov 16, 2013, 11:23 AM
Nov 2013

Rightttttt......................that's why Venz. murder rate is about 10 times worse the the US's.

 

Ranchemp.

(1,991 posts)
119. And the highest overall crime rate in all of Latin America.
Sat Nov 16, 2013, 03:23 PM
Nov 2013

Because their criminal justice system is better the ours......Oh, wait.

 

L0oniX

(31,493 posts)
34. "They are barbaric, these capitalist parasites!" Well ...looks like the US has something in common.
Fri Nov 15, 2013, 10:57 AM
Nov 2013

Titonwan

(785 posts)
37. I miss Hugo
Fri Nov 15, 2013, 10:59 AM
Nov 2013

He had guts and was actually concerned for the little people. Of course the capitalist defenders here will disagree but sometimes you have to wrench power from the corporatists and we are hardly anyone to talk about hypocrisy.

EX500rider

(10,842 posts)
116. "sometimes you have to wrench power from the corporatists"
Sat Nov 16, 2013, 11:27 AM
Nov 2013

I guess it depends on whether you think if a oil rich govt that can't keep the lights on should also go into the TV/Stereo business.

hack89

(39,171 posts)
42. Venezuela admits its economy has 'structural problems'
Fri Nov 15, 2013, 11:12 AM
Nov 2013
Venezuela's finance minister has acknowledged that the economic policies of late President Hugo Chavez and his successor have not yet succeeded. Nelson Merentes said the government had "improved" the living standards of many Venezuelans, but not solved the "structural problems" of the economy.

Generous government subsidies have slashed poverty and inequality.

But Venezuelans are suffering from the highest inflation in Latin America, sluggish growth and shortages

But his government's monetary policy, nationalisation of key industries and management of public funds have been blamed for high inflation, under-performing industry and shortages of basic supplies.


http://www.bbc.co.uk/news/world-latin-america-23924372

yurbud

(39,405 posts)
78. Remember what Nixon said to do to Chile under Allende in the 70's?
Fri Nov 15, 2013, 02:32 PM
Nov 2013

"Make the economy scream."

And we have seen similar tactics done to other countries thereafter.

Even if it isn't the US's doing, the local elite could doing their own version of it.

 

Ranchemp.

(1,991 posts)
79. Or it could be, as most respected economists have said,
Fri Nov 15, 2013, 02:43 PM
Nov 2013

the massive mismanagement and corruption of the Ven. govt.

Theyletmeeatcake2

(348 posts)
109. Respected economists who are 100% correct describing
Sat Nov 16, 2013, 07:03 AM
Nov 2013

What happened.... I expect you to start with the Hayek mantra soon and throw in a bit of trickle down economics....not even good in theory....you right wing funnies are so full of it!!!

 

Ranchemp.

(1,991 posts)
112. That's the best you can come up with?
Sat Nov 16, 2013, 10:45 AM
Nov 2013

RW funnies?
Are you saying that the economists are liars with regards to the Ven. govt?

Theyletmeeatcake2

(348 posts)
125. Hey,I don't have to come up with much do I?
Sun Nov 17, 2013, 08:31 AM
Nov 2013

As regards the previous Venezuelan governments ,they were voted out fair and square ....that is democracy my friend....and they weren't voted out because things were going swimmingly...and what about the attempted overthrow of Chavez...I meant rw fundies but I think funnies is a more apt description.

Theyletmeeatcake2

(348 posts)
127. And what were these same economists saying about Venezuela .....
Sun Nov 17, 2013, 10:55 AM
Nov 2013

During their 'GOLDEN AGE' ? Assets that belonged to the people were returned to the people ....how is that wrong my democratic friend?

Theyletmeeatcake2

(348 posts)
130. Thank you!!! The economists report it as they see it in your opinion but
Sun Nov 17, 2013, 01:54 PM
Nov 2013

Reading it can give the impression that Venezuela was better off in the old days of wine and roses.....maybe for the ruling class that controlled(and still does !) the media ....I notice that these reporters have links to Miami newspapers that have anti Cuban links....follow the money trail is the golden rule as you should know....if not ! do you shit stir for fun? So in answer to your question all i say is that the mark of good journalism is that both sides are put so a person can get a grounding in the facts and then it puts a light on the jist of the report ....do you think FOXNEWS is news?Venezuela was not a Rolls Royce to start off with so reporting that's it turned into a clunker is deceptive ...Facts are just that ..have a nice day ya hear!!!

 

Ranchemp.

(1,991 posts)
131. The economists don't report is as they see it in my opinion,
Sun Nov 17, 2013, 02:12 PM
Nov 2013

they report the facts, they take a set of numbers and statistics and report the facts, not opinion, and their determination has been that the official exchange rate, coupled with massive mismanagement and widespread corruption within the Chavez, now Maduro govt. is the root of Ven. economic meltdown, and to top it off, you've got an electrical infrastructure that's been ignored and is failing, the highest overall crime rate in Latin America, chronic shortages of basic goods, and that's a recipe for disaster.

Ignore it all you want, but the facts are the fact.

hack89

(39,171 posts)
136. So things improved for a short time and now are getting very bad very fast
Sun Nov 17, 2013, 05:03 PM
Nov 2013

Referring to pre-1999 is meaningful only if things are getting better right now. At their present pace they will be back exactly where they started - and still heading downwards.


 

Ranchemp.

(1,991 posts)
139. Things weren't any better then and they're not better now.
Sun Nov 17, 2013, 09:51 PM
Nov 2013

matter of fact, except for a brief time when it looked like the Chavez admin. might have gotten their economic house in order, they're on a course of complete economic destruction.

Theyletmeeatcake2

(348 posts)
142. So how is that it's bad if the common people do benefit ?
Mon Nov 18, 2013, 06:34 AM
Nov 2013

aAs long as they pay their bills...vz has a history of inflation( even pre Chavez ) and they've survived and now with the oil revenues actually going to the rightful owners they are in a better position and the people have a better standard of living....i don't see the constant harping about the economy is anything other than scare mongering from anti bolivarian interests..Hayek loving economists are great at predicting everything other than what happens ,has anyone ever had success with his ideas...interesting to hear of examples of the successes...i'm all ears ....as a matter of fact generally people are better off now than before so what you talking about Lewis????? i think you have a problem with VZ so let it go Man!!!

hack89

(39,171 posts)
132. Their golden age was pretty short
Sun Nov 17, 2013, 02:13 PM
Nov 2013

Considering it was funded in part by misguided currrency reform and massive debt. The present mess has been easy to forecast for years.

I can give the appearance of prosperity if I max out my credit cards but eventually I run out of credit and all I have are massive bills.

Theyletmeeatcake2

(348 posts)
134. The golden age I was referring to was pre1999.
Sun Nov 17, 2013, 04:02 PM
Nov 2013

This article gives the illusion Chavez inherited a model economy....99% inflation in 1999!!!

hack89

(39,171 posts)
135. And Hugo's "solutions" to those economic problems are why they are where they are at.
Sun Nov 17, 2013, 04:05 PM
Nov 2013

a decade of economic mismanagement has caught up with them - hence my analogy of maxing out credit cards. Yes - the pre-1999 economy was not good. There were better ways to fix them as we are currently learning.

on edit: My reference to a golden age was that brief moment when VZ appeared to have their economic house in order under Hugo.

hack89

(39,171 posts)
82. It is due to government imposed currency controls that were implemented in 2003
Fri Nov 15, 2013, 03:06 PM
Nov 2013

when you restrict dollars that businesses need to import merchandize then the results are inflation and shortages.

Socialist economies are still held captive to the basic laws of economics, especially one dependent like VZ is to the global economy.

Theyletmeeatcake2

(348 posts)
141. According to a recent article VZ still has a positive budget situation
Mon Nov 18, 2013, 05:18 AM
Nov 2013

which i think means they can still pay their way .Damn them for gaining benefits from THEIR oil industry.Getting those US companies out has been a good move in the long run as their poverty figures have reduced. Better in many pockets than just a greedy few.

 

AngryAmish

(25,704 posts)
44. The next needed step is the arrest of the spies, wreckers and sabatuers
Fri Nov 15, 2013, 11:13 AM
Nov 2013

There should be a series of jails deep in the jungle where these parasites should work to repay the people for what they have stolen.

hack89

(39,171 posts)
61. How about VZ's economic policy makers
Fri Nov 15, 2013, 12:04 PM
Nov 2013

that make idiotic decisions like restricting access to dollars?

Titonwan

(785 posts)
46. "They are barbaric, these capitalist parasites!"
Fri Nov 15, 2013, 11:20 AM
Nov 2013

JP Morgan, Goldman Sachs and many others will strongly disagree, natch. I say we give Native Americans back a LOT of their land, pay African Americans (of slavery lineage) compensation and nationalize vital resources by seizing all oil/mineral rights from corporate dominance. Now if that makes me a socialist, thank you for the compliment!

 

geek tragedy

(68,868 posts)
48. Not logical to throw retailers in jail and then complain about product shortages.
Fri Nov 15, 2013, 11:23 AM
Nov 2013

Maduro is looking less like Chavez and more like Mugabe.

duplex

(32 posts)
60. Maduro should change his name to Mugabe
Fri Nov 15, 2013, 12:03 PM
Nov 2013

His confiscatory policies are putting Venezuela into the same situation that Zimbabwe has been suffering through.

Throd

(7,208 posts)
77. There used to be some Mugabe fans here on DU, but they faded away.
Fri Nov 15, 2013, 02:26 PM
Nov 2013

I wonder how long some DUers will continue to support Maduro if he continues on his present path.

 

Sen. Walter Sobchak

(8,692 posts)
140. Most of them were banned, a couple went quite.
Sun Nov 17, 2013, 11:42 PM
Nov 2013

Interestingly enough there was a strong correlation between supporting Robert Mugabe and posting anti-Obama anarchist nonsense.

idwiyo

(5,113 posts)
81. That's a good srart! Wish arseholes responcible for the last financial crisis would be in jail too.
Fri Nov 15, 2013, 02:52 PM
Nov 2013

I feel absolutely no pity for parasites who feed off poor and try to destabilise the country by raising prices on goods. They belong in prison. period.

nomorenomore08

(13,324 posts)
106. Oof... I don't even want to take a side here...
Sat Nov 16, 2013, 01:42 AM
Nov 2013

Maduro may be the lesser evil compared to a "Pinochet clone" (as someone put it upthread) but still...

spanza

(507 posts)
118. Here's one of the "parasites"!
Sat Nov 16, 2013, 12:20 PM
Nov 2013

Parasites, "apatrids", oligarchs, speculators, as the Venezuelan government calls them. Here's one of them being caught speculating by the military police. He really looks like a mix of Samuel Sachs and Donald Trump, right fellow zealots? Rejoice!

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