View Full Version : The managed market


ORAC
10th Jan 2006, 07:12
Welcome back to communism and the managed market - Venezuelan style. Empty shelves in supermarkets, soldiers raiding warehouses, nationisation of the industry. Just like the good old days of the USSR. next step confiscation of the land no doubt....

Venezuela's coffee industry in chaos as price of beans doubles (http://www.guardian.co.uk/venezuela/story/0,12716,1683002,00.html)



Unwell_Raptor
10th Jan 2006, 09:29
My son works in that area, and tells me that Chavez can pretty much do as he likes because of the oil price. Now that the Generals have (mostly) moved on, South America looks to be in for an era of populist leftish People's Democracy type of Government that isn't going to leave the economies in good shape.