Wednesday, March 17th, 2010

Venezuala’s Public Option

Does this reasoning sound familiar?

President Hugo Chavez on Tuesday announced a new chain of government-run, cut-rate retail stores that will sell everything from food to cars to clothing from places such as China, Argentina and Bolivia.

“We’re creating Comerso, meaning Socialist Corporation of Markets,” Chavez said at the opening of a “socialist” fast-food location for traditional Venezuelan arepas (cornbread).

“They’ll see what’s good. We’ll show them what a real market is all about, not those speculative, money-grubbing markets, but a market for the people,” said Chavez in his drive to change Venezuela from a market-based economy to a socialist one.

“We’re going to challenge all that junk food that just fattens people up,” he added referring to the arepa stand he opened to the public.

…”We’re going to defeat speculation. Private individuals in sales can still sell, but they’ll have to compete with us and with a people who is now fully aware,” Chavez said.

Chavez has taken the Democrats aborted plans for a “public option” in health insurance and applied it to, well, everything.

You have to feel sorry for the people of Venezuala as their country is destroyed around them by the failed ideas of the 20th century.

Print This Post Print This Post



This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

Comments

One Response to “Venezuala’s Public Option”
  1. JonCatalan says:

    What I wonder is how much time Venezuela has before it goes financially broke. Its public debt has been falling, but I wonder how that is being paid (through revenue stream or through currency creation?). The Venezuelan money supply has more than doubled, but it seems as if Chavez is more content just to fuel massive shortages by creating price ceilings. I wonder how long that can persist.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.