In Venezuela, price controls have lead to food shortages, long lines and rioting.
Anyone with even a slight knowledge of economics knows this will be the outcome. Yet, the populist demagogues keep failing over and over and over again.
Venezuela’s Food Shortages Trigger Long Lines, Hunger and Looting
Anyone with even a slight knowledge of economics knows this will be the outcome. Yet, the populist demagogues keep failing over and over and over again.
LA SIBUCARA, Venezuela—Hours after they looted and set fire to a National Guard command post in this sun-baked corner of Venezuela earlier this month, a mob infuriated by worsening food shortages rammed trucks into the smoldering edifice, reducing it mostly to rubble.
The incident was just one of numerous violent clashes that have flared in pockets around the country in recent weeks as Venezuelans wait for hours in long supermarket lines for basics like milk and rice. Shortages have made hunger a palpable concern for many Wayuu Indians who live here at the northern tip of Venezuela’s 1,300-mile border with Colombia.
The soldiers had been deployed to stem rampant food smuggling and price speculation, which President Nicolás Maduro blames for triple-digit inflation and scarcity. But after they seize contraband goods, the troops themselves often become targets of increasingly desperate people.
“What’s certain is that we are going very hungry here and the children are suffering a lot,” said María Palma, a 55-year-old grandmother who on a recent blistering hot day had been standing in line at the grocery store since 3 a.m. before walking away empty-handed at midday. ...
While the government blames the shortages on bachaqueros, economists say they are the consequence of price controls and a broken economic model that has left average Venezuelans with diminishing employment options.
“The people that used to give us work—the private companies, the rich—have all gone,” said Ms. Palma in La Sibucara, adding that she also occasionally traffics goods to get by. “It’s not the greatest business but we don’t have work and we have to find a way to eat.”
The incident was just one of numerous violent clashes that have flared in pockets around the country in recent weeks as Venezuelans wait for hours in long supermarket lines for basics like milk and rice. Shortages have made hunger a palpable concern for many Wayuu Indians who live here at the northern tip of Venezuela’s 1,300-mile border with Colombia.
The soldiers had been deployed to stem rampant food smuggling and price speculation, which President Nicolás Maduro blames for triple-digit inflation and scarcity. But after they seize contraband goods, the troops themselves often become targets of increasingly desperate people.
“What’s certain is that we are going very hungry here and the children are suffering a lot,” said María Palma, a 55-year-old grandmother who on a recent blistering hot day had been standing in line at the grocery store since 3 a.m. before walking away empty-handed at midday. ...
While the government blames the shortages on bachaqueros, economists say they are the consequence of price controls and a broken economic model that has left average Venezuelans with diminishing employment options.
“The people that used to give us work—the private companies, the rich—have all gone,” said Ms. Palma in La Sibucara, adding that she also occasionally traffics goods to get by. “It’s not the greatest business but we don’t have work and we have to find a way to eat.”
Venezuela’s Food Shortages Trigger Long Lines, Hunger and Looting
