Socialism isn't Helping Venezuela Much

The only area where Venezuela currently leads the world is in queue management science. Queue management experts are able to keep consumers, trapped in long lines to buy necessities, docile and non—confrontational through the use of Disney—style snake lines, inspirational signage and water cannons. Once they reach the head of the line, potential customers may be able to buy flour, cooking oil, butter, milk, cornmeal and diapers at government-mandated prices. Or maybe not, because the top—down economic managers in Venezuela have much more success producing lines than they do encouraging production of price—controlled goods. More…