Shops' electricity rationed in crisis-hit Venezuela

[Zorro]

Source: AFP

Venezuelans are accustomed to severe shortages of cooking oil, diapers and other staple products. But those hoping to buy what they could find got a new unpleasant surprise this week.

They found malls dark and shuttered under a government electricity rationing regime.

"This is madness, this is not the solution!" said Nataly Orta, 48, at the locked gate of the Lider mall in eastern Caracas.

"It's a drastic measure that will only create more unemployment and worsen an economy already in crisis."

Read more: http://news.yahoo.com/crisis-ridden-venezuela-electricity-scarce-035644120.html

[Archae]

1. Blaming the CIA/US in 3-2-1...

"Maduro can do *NO* wrong!"

[ThreeWayFanny]

2. Welcome to Democratic Socialism....

[jtuck004]

3. Your lights are flickering. In Socialism they at least have a consideration, a thought about their

needs. And in some cases they get them.

It is Capitalism that induces shortages, for profit.


Can you tell us the difference between the meaning of "mall" in our first world enclave vs Venezuela? Just curious.

[christx30]

4. Shortages here are caused by currency

and price controls.

Let's say I'm making toothpaste. It costs me $1.50 per tube to manufacture and I want to sell it for $2, using that profit to pay my employees and upgrade my factory. Maduro tells me I'm not allowed to sell for more than 75 cents. And the price controls stop me from getting my hands on American dollars to buy the raw materials I need. And my company will go out of business. It's not worth it to me to go to work every day. Supplies are going to go shrink. You think a capitalist wants shortages? Why? You can't make sales if your customers can't get your products.

[ThreeWayFanny]

5. Yet here in the US of A ..

... there is no shortage of toilet paper. And bernie sanders complains about the fact that we have a choice of 23 underarm spray deodorants and of 18 different pairs of sneakers.

It's always amazing how ideology can blind some to simple, easily observed facts.

[jtuck004]

6. So you can't. It's what I thoughtt, so no longer to waste me time. Bye. n/t

[ThreeWayFanny]

7. And good bye to you..

.... I have some shopping to do.

[christx30]

8. Pictures I'm seeing are showing

what looks like a normal mall. Looks no different from anything that we have here in the US.

http://news.yahoo.com/crisis-ridden-venezuela-electricity-scarce-035644120.html

[Little Tich]

9. Is Venezuela running out of oil? O is it just mismanagement? n/t