StormX
Banned
Wiped out! Troops take over Venezuelan TOILET PAPER factory to ensure country gets supplies because of chronic shortage
In a tweet on Thursday, Venezuela's Vice President, Jorge Arreaza, said authorities would 'not permit hoarding of essential commodities, or any faults in the production and distribution process'.
'The action taken at the producer of toilet paper, sanitary napkins and disposable diapers corresponds to the obligation of the state to guarantee the normal supply of primary necessities,' price regulator Sundecop said in a statement.
President Maduro has cut dollar supplies for importers since winning election in April, creating shortages of goods including toilet paper and butter and stoking one of the world’s highest inflation rates.
Critics say the nagging shortages of products ranging from bathroom tissue to milk are a sign his socialist government's rigid price and currency controls are failing.
His predecessor and mentor, Hugo Chavez, nationalized more than 1,000 companies or their assets before dying in March this year.
Annual inflation accelerated to 45.4 percent last month from 42.6 percent in July, while the scarcity index measuring the amount of goods out of stock on store shelves reached 20 percent, the central bank said.
http://www.dailymail.co.uk/news/art...an-TOILET-PAPER-factory-chronic-shortage.html
Liberals utopia is failing
- Nation is suffering from lack of essential goods due to high inflation
In a tweet on Thursday, Venezuela's Vice President, Jorge Arreaza, said authorities would 'not permit hoarding of essential commodities, or any faults in the production and distribution process'.
'The action taken at the producer of toilet paper, sanitary napkins and disposable diapers corresponds to the obligation of the state to guarantee the normal supply of primary necessities,' price regulator Sundecop said in a statement.
President Maduro has cut dollar supplies for importers since winning election in April, creating shortages of goods including toilet paper and butter and stoking one of the world’s highest inflation rates.
Critics say the nagging shortages of products ranging from bathroom tissue to milk are a sign his socialist government's rigid price and currency controls are failing.
His predecessor and mentor, Hugo Chavez, nationalized more than 1,000 companies or their assets before dying in March this year.
Annual inflation accelerated to 45.4 percent last month from 42.6 percent in July, while the scarcity index measuring the amount of goods out of stock on store shelves reached 20 percent, the central bank said.
http://www.dailymail.co.uk/news/art...an-TOILET-PAPER-factory-chronic-shortage.html
Liberals utopia is failing