Re: Venezuelan food prices surge 11%% in one month
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Re: Venezuelan food prices surge 11%% in one month         


Author: SaPeIsMa
Date: May 14, 2010 02:08

"Chom Noamsky" wrote in message
news:uYRGn.4003$z%%6.700@edtnps83...
> Archie, how can this be? Does the Great Man not impose price controls on
> basic foods so the poor can eat? Why yes, he does, except those price
> controls have led to chronic shortages of food. Doesn't really matter how
> affordable food prices are if there is no food to buy.
>
> So... what was the Bolivarian genius' solution to the food shortage
> problem... (ahem) relax the price controls (ahem). Bingo, 11%% food price
> jump in a span of just 30 days. I suppose the poor could just eat 11%%
> less, not that they have a choice, since there was no 11%% matching bump in
> the minimum wage:
>
> http://www.businessweek.com/news/2010-05-07/venezuelan-prices-surge-to-7-year-high......
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