Maduro orders seizure of closed Venezuela factories, jailing of owners

[Suzanimal]

Venezuelan President Nicolas Maduro on Saturday ordered authorities to seize factories that have stopped production and jail their owners, a day after declaring a state of emergency to combat the country's economic crisis.

"We must take all measures to recover productive capacity, which is being paralyzed by the bourgeoisie," he told a rally in Caracas.

"Anyone who wants to halt (production) to sabotage the country should get out, and those who do must be handcuffed and sent to the PGV (Venezuelan General Penitentiary)," he said.

Maduro also ordered military exercises to counter foreign threats.

...

http://www.msn.com/en-us/news/world/...cid=spartandhp

[Origanalist]

Jail the owners, lol, that will save the day. That place is toast.

[oyarde]

Yep , total loss , gone .

[Working Poor]

Venezuela is going down what a shame it is. I saw a video by The Anarcast the other day talking about the money crisis there.

[LibertyEagle]

Maybe they should let in some illegal aliens and a bunch of "refugees". Because we all know, they help the economy of the nation they insert themselves in. Or some claim around here.

[mrsat_98]

Jail the owners, lol, that will save the day. That place is toast.

"Just the ones that won't work. This is a good thing." said Boobus

[ifthenwouldi]

What's so frustrating is that I'm sure it's a beautiful country that could realistically have a vibrant tourism sector, but the government cannot get out of its own way.

[Anti Federalist]

Ought to make every progressive economics student spend a summer internship there.

[Anti Federalist]

What's so frustrating is that I'm sure it's a beautiful country that could realistically have a vibrant tourism sector, but the government cannot get out of its own way.

Welcome to Cuba, for the last 60 years.

[Anti Federalist]

ordered authorities

Just something to set aside, for future reference.

When a nation collapses, and people are rioting in the streets simply for food to survive, the cops will always have plenty of food and fuel.

[tod evans]

Just something to set aside, for future reference.

When a nation collapses, and people are rioting in the streets simply for food to survive, the cops will always have plenty of food and fuel.

^^^^^^^^^ Pay attention! ^^^^^^^^^^^^^^

[libertyjam]

Just something to set aside, for future reference.

When a nation collapses, and people are rioting in the streets simply for food to survive, the cops will always have plenty of food and fuel.

Funny, there was this book that I read once that totally illustrated this (and the subject of the OP title), what was the name of it? mmmm , Something Atlas, Atlas something, I think by some funny-named woman, it'll come to me..... /SARC

[Cleaner44]

It seems to be like Atlas Shrugged in real life.

Let anyone with a brain should get out while the looters eat each other alive.

[tod evans]

It seems to be like Atlas Shrugged in real life.

Let anyone with a brain should get out while the looters eat each other alive.

If they're able........

[Suzanimal]

Coca-Cola forced to halt production in Venezuela over sugar shortage

Coca-Cola is halting production of its namesake soft drink in Venezuela for the foreseeable future due to a shortage of sugar.

The US company says it is being forced to take the action because it has run out of the raw material.

Venezuela's economy is teetering on the edge of collapse with widespread food shortages and inflation forecast to surpass 700%.

Last month, Venezuela's largest food and drinks company, Empresas Polar, stopped production of beer because it was unable to obtain enough imported barley.

Coca-Cola said sugar-free drinks would be unaffected.

The move comes after a week of violent clashes between security forces and supporters of the opposition to President Nicolas Maduro.

Last week Mr Maduro imposed a 60-day state of emergency giving extra powers to police and soldiers.

...

http://www.foxnews.com/leisure/2016/...?intcmp=hplnws

[Zippyjuan]

Under Chavez things started out good. Poverty was reduced- literacy up, infant mortality and unemployment down. A high price for oil helped fund all of that. Now the entire economy is collapsing and social problems rising. Price controls helped reduce inflation but when they went below production costs, goods started disappearing. Shortages means the real prices of goods soared- last year the annual inflation rate was estimated to be over 250% and could double or triple this year.

[FindLiberty]

[tod evans]

^^^^^^^^ Caution! Molyneux video ^^^^^^^^

[angelatc]

^^^^^^^^ Caution! Molyneux video ^^^^^^^^

So the Venezuelans spanked their kids and made the economy collapse. Got it - thanks for the heads up!

And as far as the "it's the oil prices, stupid!" argument, others say that's only a part of the problem, and that the beginning of the end predates the fall in oil prices.

This is circa 2009:

According to a February 2008 report from the Washington-based Center for Economic and Policy Research, not only has unemployment dropped, formal employment has increased significantly (PDF) since Chavez took office. But other economists express concerns about the country's high inflation levels. The IMF has forecast inflation of 25.7 percent in 2008 and 31.0 percent in 2009—among the highest rates for any country in the world—and according to news reports, the country is already experiencing food shortages of goods such as sugar and milk. Francisco Rodriguez, former chief economist of the Venezuelan National Assembly, writes in a 2008 Foreign Affairs article that income inequality has increased during Chavez's tenure, and further, Chavez's social programs have not had a significant impact on infant mortality rate or literacy rates among Venezuelans.

[puppetmaster]

What's so frustrating is that I'm sure it's a beautiful country that could realistically have a vibrant tourism sector, but the government cannot get out of its own way.

pure socialism Bernie supporters.....look at what your future is.

[Pauls' Revere]

Ought to make every progressive economics student spend a summer internship there.

safe spaces provided.