Venezuela's black economic magic

[Zorro]

Sorcery is alive and well in Venezuela, once the richest country in South America, now an economic disaster. Hand over $100 and - hey presto! - you get a wad of notes the size of two house bricks: 100,000 Bolivars.

But that's an all-too-simple trick on the black market. Shopping for chicken, rice, toothpaste, soap, flour and toilet rolls has been turned into a vanishing act. The government's fixed prices for staples are at such low values shops lose money if they sell them - so they don't.

Pop-up queues appear when rumours swirl that a supermarket might have a batch of staples at the fixed price. That people in the country with the biggest oil reserves in the world queue for food is black magic indeed.

Four soldiers in flamboyant uniforms - black shakos, red feathers, gold brocade - guard the shaman responsible. Hugo Chavez lies in his tomb, a hero to his supporters, to his enemies the founder of a political cult. The mausoleum smacks of a shrine to a god suffering, like his country, from devaluation.

http://www.bbc.com/news/world-latin-america-35589524

[Marksman_91]

1. It's become more corrupt than ever before under Chavismo

Too bad there are many gullible first-world lefties who think the current state of affairs was caused by some US/CIA plot rather than the utter incompetence and corruption of the Chavista regime. They seem to forget about Occam's Razor.