Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latin America

Showing Original Post only (View all)

Bacchus4.0

(6,837 posts)
Mon May 13, 2013, 12:05 PM May 2013

Maduro blames Venezuela's biggest food company for scarcities [View all]

Caracas, May 11 (EFE).- Venezuelan President Nicolas Maduro accused Polar, the country's biggest food corporation, of reducing production and hoarding products to cause scarcities in the country, and spoke of economic "sabotage" against his presidency.

"We have many indications that Polar has been...reducing production and hiding products to cause scarcities in the consumer market," Maduro said during a event obligatorily broadcast on all radio stations and television channels.

The president has summoned the owner of the company, Lorenzo Mendoza, to a meeting this Tuesday with all his management team to explain to the government "why you are reducing production, why are you causing a scarcity of products."

Polar produces some of the basic ingredients of the Venezuelan diet, such as the P.A.N. brand of cornflour, the essential ingredient of the famous Venezuelan arepas.

http://www.globalpost.com/dispatch/news/agencia-efe/130511/maduro-blames-venezuelas-biggest-food-company-scarcities

30 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Predictable naaman fletcher May 2013 #1
he's proposing that the military be used now to produce food Bacchus4.0 May 2013 #7
This place well collapse before year end. nt. naaman fletcher May 2013 #8
well, at least they are getting Chinese satellites so they can watch the collapse live n/t Bacchus4.0 May 2013 #11
Expropriate! Flatulo May 2013 #2
So he's blaming the scarcity on an enterprise that is actually producing to its fullest? Marksman_91 May 2013 #3
thats why he isn't going to expropriate Polar. The previous businesses expropriated Bacchus4.0 May 2013 #4
As the government tries ever harder to flout the laws of supply and demand, and fails ever Flatulo May 2013 #5
amen n/t Bacchus4.0 May 2013 #6
Fanatics of any ideology are always detrimental to society Marksman_91 May 2013 #9
LOL ocpagu May 2013 #10
Now you're the one who's thinking binary. Flatulo May 2013 #13
Even if I accept everything you say here is true: naaman fletcher May 2013 #14
It's funny how people always remember to blame governments for that... ocpagu May 2013 #15
That's a different story naaman fletcher May 2013 #16
Nope. ocpagu May 2013 #17
I agree with you totally naaman fletcher May 2013 #18
right, he's trying to change the subject. We are talking about shortages Bacchus4.0 May 2013 #19
How come "that has nothing to do with the fact that price controls cause shortages"? ocpagu May 2013 #20
The objective has nothing to do with it naaman fletcher May 2013 #21
Oh, my... Flatulo May 2013 #23
Oh, so you believe anyone who's willing to make money is allowed to speculate and manipulate prices? ocpagu May 2013 #24
How is the value of a thing determined? At the simplest level, it is the cost of the labor, Flatulo May 2013 #28
Are you claiming that commodities traders are causing shortages in VZ? Are they causing Flatulo May 2013 #22
They are manipulating prices... ocpagu May 2013 #25
So, naaman fletcher May 2013 #26
Exactly my thoughts. Flatulo May 2013 #27
They don't care about the poor and it gives them talking points. joshcryer May 2013 #29
Polar rejects accusations that production has been reduced (Maduro lie #819,258) Bacchus4.0 May 2013 #12
Elías Jaua asks Polar to make a small "sacrifice" and produce at a loss to guarantee food supplies Marksman_91 May 2013 #30
Latest Discussions»Region Forums»Latin America»Maduro blames Venezuela's...»Reply #0