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...
Ranchemp.
(1,991 posts)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)This "U.S. meddling in Chile in the 70's" reference is fucking well deranged in every respect.
Ranchemp.
(1,991 posts)olddad56
(5,732 posts)okaawhatever
(9,461 posts)a la izquierda
(11,794 posts)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)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)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)Titonwan
(785 posts)Dat you George Jr?
Ranchemp.
(1,991 posts)Titonwan
(785 posts)You got a point, troll?
Ranchemp.
(1,991 posts)nomorenomore08
(13,324 posts)Sad, really...
Ranchemp.
(1,991 posts)Jaysus Keeerist.
nomorenomore08
(13,324 posts)Ranchemp.
(1,991 posts)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.
L0oniX
(31,493 posts)Ranchemp.
(1,991 posts)leftynyc
(26,060 posts)to those who call you a troll. I've been here over a decade and I completely agree with you.
Ranchemp.
(1,991 posts)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.
leftynyc
(26,060 posts)And a belated welcome.
frylock
(34,825 posts)i.e. Maduro and his Merry Band of Thugs?
Ranchemp.
(1,991 posts)Have a great day.
frylock
(34,825 posts)Ranchemp.
(1,991 posts)Glad you acknowledge that.
frylock
(34,825 posts)I feel that i'm a better person already thanks to your guidance.
Ranchemp.
(1,991 posts)Guess I'm good for something.
frylock
(34,825 posts)feel free to reply to this post as well.
Ranchemp.
(1,991 posts)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)
Post removed
Ranchemp.
(1,991 posts)And you have a great day ok?
Kingofalldems
(38,454 posts)Ranchemp.
(1,991 posts)MyNameGoesHere
(7,638 posts)Well it's a good start.
Ranchemp.
(1,991 posts)a la izquierda
(11,794 posts)Ranchemp.
(1,991 posts)MyNameGoesHere
(7,638 posts)give me major companies with US owners going to jail then I would get a little exited.
Archae
(46,327 posts)No doubt for drug corruption, torture and murder of his opponents.
Right-wing banana republics do that, so do left-wing.
delrem
(9,688 posts)MyNameGoesHere
(7,638 posts)We have Presidents that get away with war crimes. So what are we some kind of hamburger republic?
Comrade Grumpy
(13,184 posts)bemildred
(90,061 posts)christx30
(6,241 posts)anyone that does business with anyone in Venezuela is an idiot. I love watching this stuff. Pass the popcorn.
littlewolf
(3,813 posts)Ranchemp.
(1,991 posts)twist themselves into pretzels justifying this shit. Here's your popcorn with xtra butter.
leftynyc
(26,060 posts)as long as they're from the left. Pathetic.
Ranchemp.
(1,991 posts)A dictator, is a dictator, no matter if it's from the right or left, and should be condemned.
delrem
(9,688 posts)leftynyc
(26,060 posts)If this was a rightwinger trying to amass this kind of power, you'd have a hissy fit.
delrem
(9,688 posts)Only right-wingers think that by repeating a lie they can create a truth.
leftynyc
(26,060 posts)you want but arresting your opposition along with their supporters sucks. You have a problem with my definition...tough.
delrem
(9,688 posts)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)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)and that the "adults" who go along with the repetitious stream of lies are "deep thinkers".
bye
leftynyc
(26,060 posts)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)haven't seen one of those since the last weasel did it.
Pretty freaking pathetic.
leftynyc
(26,060 posts)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)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)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)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.
delrem
(9,688 posts)Have you ever heard of farmer/rancher co-ops?
FrodosPet
(5,169 posts)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.
delrem
(9,688 posts)LTX
(1,020 posts)"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" , I suppose your response is also just a shrug of your elitist shoulders and an "unlucky you."
EX500rider
(10,842 posts)According to the U.S. Census Bureau, 80 percent of the U.S. population lives in urban areas. Meaning far from farms and ranches.
EX500rider
(10,842 posts).....I am a "vulture capitalists"?
delrem
(9,688 posts)FrodosPet
(5,169 posts)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)So long as you treat your employees reasonably well and pay them a living wage.
Democat
(11,617 posts)Anyone who makes a profit is evil to some people.
hughee99
(16,113 posts)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" . This being the case, why would ANYONE import ANY products to Venezuela? Just for the pleasure of selling them at a massive loss?
grahamhgreen
(15,741 posts)Warpy
(111,255 posts)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)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.
..
..
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...
Ranchemp.
(1,991 posts)I guess the U.S. is responsible for that also.
Bacchus4.0
(6,837 posts)if referring to homicides. Ven keeps rising though with 2012 being the worst.
Ranchemp.
(1,991 posts)And as the economic situation worsens, it's only going to get worse.
Bacchus4.0
(6,837 posts)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)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)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)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)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.
Spitfire of ATJ
(32,723 posts)DeSwiss
(27,137 posts)fasttense
(17,301 posts)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)All this stuff that just can't work and yet it just keeps being there.
bitchkitty
(7,349 posts)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.
Zorro
(15,740 posts)Apparently nothing.
hack89
(39,171 posts)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:
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)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)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)which means that we can express our opinions, subject to the TOS and the admins approval.
EX500rider
(10,842 posts)Rightttttt......................that's why Venz. murder rate is about 10 times worse the the US's.
Ranchemp.
(1,991 posts)Because their criminal justice system is better the ours......Oh, wait.
RedstDem
(1,239 posts)so far
go man go!!!!
L0oniX
(31,493 posts)Titonwan
(785 posts)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)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)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)"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)the massive mismanagement and corruption of the Ven. govt.
yurbud
(39,405 posts)Theyletmeeatcake2
(348 posts)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)RW funnies?
Are you saying that the economists are liars with regards to the Ven. govt?
Theyletmeeatcake2
(348 posts)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.
Ranchemp.
(1,991 posts)Are the economists wrong about the govt. mismanagement and corruption?
Theyletmeeatcake2
(348 posts)During their 'GOLDEN AGE' ? Assets that belonged to the people were returned to the people ....how is that wrong my democratic friend?
Ranchemp.
(1,991 posts)Theyletmeeatcake2
(348 posts)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)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.
Theyletmeeatcake2
(348 posts)FACTS are great when you look at all of them
hack89
(39,171 posts)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)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)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)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)This article gives the illusion Chavez inherited a model economy....99% inflation in 1999!!!
hack89
(39,171 posts)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)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)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)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)that make idiotic decisions like restricting access to dollars?
Titonwan
(785 posts)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)Maduro is looking less like Chavez and more like Mugabe.
duplex
(32 posts)His confiscatory policies are putting Venezuela into the same situation that Zimbabwe has been suffering through.
Throd
(7,208 posts)I wonder how long some DUers will continue to support Maduro if he continues on his present path.
Ranchemp.
(1,991 posts)Sen. Walter Sobchak
(8,692 posts)Interestingly enough there was a strong correlation between supporting Robert Mugabe and posting anti-Obama anarchist nonsense.
penultimate
(1,110 posts)EX500rider
(10,842 posts)penultimate
(1,110 posts)Ranchemp.
(1,991 posts)He was the best.
penultimate
(1,110 posts)gopiscrap
(23,758 posts)Beacool
(30,247 posts)idwiyo
(5,113 posts)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.
hrmjustin
(71,265 posts)Pterodactyl
(1,687 posts)hrmjustin
(71,265 posts)nomorenomore08
(13,324 posts)Maduro may be the lesser evil compared to a "Pinochet clone" (as someone put it upthread) but still...
spanza
(507 posts)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!