26 January 2010
Venezuela continues to do over capitalism
The Venezuelan government continues to give lessons to the rest of us in how to deal with capitalism. The Exito chain of supermarkets decided to ignore the government's warning not to raise prices and their nationalisation was announced by President Hugo Chavez Frias over the weekend. To make matters even sweeter the RCTV channel has been forced off the air for refusing to obey the government's new broadcasting laws.
These moves demonstrate just how weak capitalism is when faced with a determined socialist government. The owners of the supermarket chain and the TV station will howl, but at the end of the day their is only going to be one winner in this pissing contest and it isn't going to be them.
On the other hand, the mere fact that such insolence could occur in Venezuela shows that unless capitalism is firmly corralled then incidents like this will happen. Hopefully the message will go out to the remaining dog shit element in that country: toe the line or face the consequences.