Latin America
In reply to the discussion: 4 Board Members of Enne Superstores Arrested in Venezuela for Food Hoarding [View all]Flatulo
(5,005 posts)1. The State is asking them to sell goods below the price they paid for them.
2. There is a concerted conspiracy to destabilize the government and create social unrest.
3. A twenty-day stockpile is simply unreasonable for logistical and planning purposes.
As for 1), selling goods below your cost guarantees self-destruction. Is the State asking private retailers to do this? If so, then I can understand their holding out for a higher price., everyone needs to make at least a small profit to stay in business.
I suppose 2) is possible, although cartels are usually undone by one or more members breaking ranks, then the whole scheme falls apart.
Item 3) - I have no way of knowing this. If retail distributors cannot get a good price for a less than twenty-day supply, then I can see them ordering in larger quantities to get a better price, and holding some back so as not to run afoul of the law.
I eagerly await more information about this matter.