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Showing Original Post only (View all)Venezuela jails 100 "bourgeois" businessmen in crackdown [View all]
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...