Wednesday, January 9, 2013

Venezuela Tackles Hoarding

In a Financial Times article linked to by Drudge, it notes the following:
Meanwhile, Mr Maduro on Tuesday showed he would continue the radical economic path of Venezuela’s ailing president as he cracked down on what he claimed was hoarding and speculation by private companies.

In reaction to opposition claims that the Opec nation was suffering from a power vacuum in Mr Chávez’s absence, the government made a show of force by sending troops to take control of food distribution networks, including Venezuela’s six private sugar mills, as scarcity of basic goods riled shoppers.

Although little is known about the policy preferences of Mr Maduro, a former trade unionist, the move signals that Mr Chávez’s controversial economic management is unlikely to be substantially moderated under a government led by Venezuela’s vice-president if the socialist leader’s cancer forces him to relinquish power.
Cracking down on "hoarders" is part and parcel with food and commodity shortages or price spikes. That is one of the reasons OPSEC is so important as to your food storage.

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