“Made in Socialism” is a Chavista slogan
stamped on Venezuelan products that points to a dysfunctional system: while the
company that manufactured the good nominally has a private owner, he has no
control over it. In Venezuela, a company can no longer freely dispose of its
own assets when, pursuant to the Organic Labor Law, the government decides to
occupy it “temporarily.” Instead, a new Board of Directors composed of government
officials runs the firm. More… 
Tuesday, July 28, 2015
What “Made in Socialism” Means to Venezuelans
“Made in Socialism” is a Chavista slogan
stamped on Venezuelan products that points to a dysfunctional system: while the
company that manufactured the good nominally has a private owner, he has no
control over it. In Venezuela, a company can no longer freely dispose of its
own assets when, pursuant to the Organic Labor Law, the government decides to
occupy it “temporarily.” Instead, a new Board of Directors composed of government
officials runs the firm. More… 
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