The Zimbabwification of Venezuela continues
You've probably heard that Venezuela is facing food shortages. From the Devil's Excrement:
"Since 2003 the efforts of the Government have been focused mainly in production plants for milk, sugar, coffee and refrigeration plants for meat and processing ones for fruits and vegetables. It is precisely these basic items that now present shortages, thus official intervention has not improved the insufficiencies of the economy."Now Chavez is threatening to nationalize supermarkets and corner stores. He seems to be aiming at breaking the speed record for destroying an economy.In fact, shortages follow the efforts of the Government. That is, the top priorities for the Government have shown the most intense shortages: Sugar, milk and meat in that precise order. This is nothing new, it is the history of Venezuela, where sectors where the Government participates are always lacking.
A few years ago I read a great piece on what happened in Zimbabwe, but have never been able to find it again. It simply described the policies first introduced by Mugabe's government, followed by how the economy adapted, then by what the government did in response, and so on. Each destructive iteration was a mass cull of golden geese that laid waste to the country's economy and left it in the horrible state it's in.