Venezuela’s president jails 100 businessmen in ‘economic war’

G

Grandluxe

November 15, 2013 4:21 pm
Venezuela’s president jails 100 businessmen in ‘economic war’
By Andres Schipani in Bogotá

Venezuela’s President Nicolás Maduro has intensified his crackdown on private businesses by jailing more than 100 “bourgeois” businessmen, the latest salvo in what he calls an “economic war” on alleged unfair pricing. “I broke the spine of the economic war and the economic coup they were planning,” Mr Maduro said late on Thursday. “We have more than 100 of the bourgeoisie behind bars at the moment.”

The government says unscrupulous businessmen belonging to the “parasitic bourgeoisie” have been raising prices of certain goods more than 1,000 per cent. Promising to step up an “economic offensive”, Mr Maduro announced that he was to set caps on businesses’ profit margins and extend controls to establish “fair” prices. “They are barbaric, these capitalist parasites,” he said.

Mr Maduro inherited an economic time bomb from former leader Hugo Chávez. Policy paralysis has led to dwindling hard currency reserves and galloping inflation of 54 per cent. There are rampant shortages of food and goods, which economists attribute to currency market distortions.

http://www.ft.com/cms/s/0/21a4fcfe-4e06-11e3-b15d-00144feabdc0.html#axzz2klUFb0Nm

Obama's wet dream.....
 
Quote from Grandluxe:

November 15, 2013 4:21 pm
Venezuela’s president jails 100 businessmen in ‘economic war’
By Andres Schipani in Bogotá

Venezuela’s President Nicolás Maduro has intensified his crackdown on private businesses by jailing more than 100 “bourgeois” businessmen, the latest salvo in what he calls an “economic war” on alleged unfair pricing. “I broke the spine of the economic war and the economic coup they were planning,” Mr Maduro said late on Thursday. “We have more than 100 of the bourgeoisie behind bars at the moment.”

The government says unscrupulous businessmen belonging to the “parasitic bourgeoisie” have been raising prices of certain goods more than 1,000 per cent. Promising to step up an “economic offensive”, Mr Maduro announced that he was to set caps on businesses’ profit margins and extend controls to establish “fair” prices. “They are barbaric, these capitalist parasites,” he said.

Mr Maduro inherited an economic time bomb from former leader Hugo Chávez. Policy paralysis has led to dwindling hard currency reserves and galloping inflation of 54 per cent. There are rampant shortages of food and goods, which economists attribute to currency market distortions.

http://www.ft.com/cms/s/0/21a4fcfe-4e06-11e3-b15d-00144feabdc0.html#axzz2klUFb0Nm

Obama's wet dream.....
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This is coming soon to a theatre near you (and me.):( :mad:
(Unless we stop it!!!!)
 
I saw the ayn rand movie parts 1 and 2 on net flix... its so hard to believe idiot leftists really think like this. You watch the movie and you think to yourself... no politicians are that dumb and that power crazed...

then you see our democrats marching down the road to venezuela and you just can't believe it.
 
Quote from Grandluxe:

There are rampant shortages of food and goods. . .
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Well, arresting 100 business leaders and threatening the rest if they raise prices should certainly solve that problem. Once they are good and scared, they'll be quite willing to be slaves, selling goods they do not have for less than it costs to get them. There's an economic model for success if Obama ever saw one. I mean, every economist knows that shortages of food and goods means prices are way too high. Meanwhile, how about outlawing hurricanes and bad weather?

Man, how do people get to be this damn stupid?
 
Quote from TGregg:

Well, arresting 100 business leaders and threatening the rest if they raise prices should certainly solve that problem. Once they are good and scared, they'll be quite willing to be slaves, selling goods they do not have for less than it costs to get them. There's an economic model for success if Obama ever saw one. I mean, every economist knows that shortages of food and goods means prices are way too high. Meanwhile, how about outlawing hurricanes and bad weather?

Man, how to people get to be this damn stupid?
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It's that lethal combination of a failed ideology combined with enough power to take a bad situation and make it truly catastrophic.

We are obviously witnessing a sizeable taste of it here with O-care, now just imagine an "advanced" third world hellhole with all sorts of financial issues (and without the bernak to snap his fingers)...
 
Venezuela has restrictive gun policies. Citizens can own .22 rifles and shotguns while the military has all the good hardware. The Public Sector sends out soldiers to take businesses from their owners because they can. It might not play out the same in the US of A. Business owners could form defense clubs and hire mercs and shoot up anybody that came to take their property. That doesn't change the left's ideas in the US, they still destroy their tax base same as the leftist shitheads in Venezuela! Price controls have a 2500 year history of complete failure but pols will still impose them...

When Rome unraveled, the entire class of politicians and lawyers were killed off. I'm not sure that is because the citizenry understood that they had been damaged by them or because the wealth was so concentrated in the hands of the politically connected that they became the most obvious targets for marauding. Maybe it was a little of both. We're seeing similarities in the US nowadays; the highest incomes are in the Washington DC area for example.
 
<B>"The authorities are increasingly reliant on external debt to finance this."
For "external debt", read loans from China. According to Bloomberg news agency, the state-run China Development Bank has lent Venezuela $42.5bn over a five-year period.
Oil Minister Rafael Ramirez said in September 2012 that of the 640,000 barrels of oil a day that Venezuela exports to China, 200,000 went towards servicing the country's debt to Beijing."</B>


Basically like slaves to China, What can you do when you owe people so much money?
 
Quote from Grandluxe:

<B>"The authorities are increasingly reliant on external debt to finance this."
For "external debt", read loans from China. According to Bloomberg news agency, the state-run China Development Bank has lent Venezuela $42.5bn over a five-year period.
Oil Minister Rafael Ramirez said in September 2012 that of the 640,000 barrels of oil a day that Venezuela exports to China, 200,000 went towards servicing the country's debt to Beijing."</B>


Basically like slaves to China, What can you do when you owe people so much money?
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It's cool to watch: The Left weakens a culture by instituting low morals and theft in the form of income redistribution then a stronger one lends them money and extracts pounds of flesh...
 
Quote from jem:

I saw the ayn rand movie parts 1 and 2 on net flix... its so hard to believe idiot leftists really think like this. You watch the movie and you think to yourself... no politicians are that dumb and that power crazed...

then you see our democrats marching down the road to venezuela and you just can't believe it.
More...

It's the same mentality that promotes currency debasement: they will live long enough to enjoy the spoils of the former republic and will be dead by the time it all collapses. "get what you can while the getting is good"

This is human nature. It becomes much more acceptable in their minds when they do not believe they will answer to the LORD for their sins....

:eek:
 
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