"Venezuela is reaching the end point of socialism: economic collapse. Its government, headed by Hugo Chavez’s successor and acolyte Nicolas Maduro, has followed the classic left-wing playbook, with the result, inter alia, that you can no longer buy toilet paper in Venezuela. Producing such a complex product evidently is beyond the capacity of the state.
Naturally, Venezuela suffers from rampant inflation, currently running at over 50% annually. So the government has imposed price controls. With an election impending, President Maduro has vowed to intensify enforcement of penalties for “price gouging.”...
FredHayek wrote: But will the electorate get it right this time?
Let's send in the UN to supervise the election... I'm sure that will ensure an impartial result.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus