Friday, November 14, 2014

The Venezuelan Government Saves Christmas


The program, unsurprisingly named "Happy Christmas Plan 2014," is the government's response to Venezuela's acute shortages. For months, basic items have been missing from store shelves -- toilet paper, medicines, and even deodorant have all disappeared at one point or another. Faced with the real possibility of scarcity playing Scrooge this holiday season, the government has decided to intervene by directly importing many of the sought-after items and selling them directly at subsidized prices, cutting out the middlemen. The government is focusing on six broad categories: toys, clothing, appliances, food, shoes, and hardware. Aside from selling the goods directly at military installations and government supermarkets, the government has also started inspecting private vendors of these items to make sure their shelves are stocked and that they're adhering strictly to pricing regulations. In order to regulate the purchase of the items, the government is restricting sales by fingerprinting customers. More…

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