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Venezuela Gives Businesses Until Monday to Comply with "Fair Prices Act" or Face State Takeover
Mish ^ | Feb 6, 2014 | Michael Shedlock

Posted on 02/06/2014 9:04:42 AM PST by bkopto

There will be no goods at all on shelves of any stores in Venezuela if the president follows through with his latest warning.

Via translation from El Economista, please consider Maduro Threatens to Expropriate Businesses for Violation of Fair Prices Act:

The president of Venezuela, Nicolas Maduro, has threatened to expropriate businesses that do not comply with the new Fair Prices Act. "I have called for self-regulation of products and prices. I'll Give businesses until Monday to comply. Come Monday, if I find companies violating the Law of Fair Prices I'll take more radical measures," Maduro warned.

"Do not underestimate sectors of the bourgeoisie on whether to expropriate. You will discover on Monday we are going to apply more drastic measures," added the Venezuelan president, who was quoted by the newspaper La Truth.

Maduro also reported Tuesday the arrest of a businessman on the border with Colombia. Maduro assured the businessman will face the maximum sentence of 14 years in prison for trafficking in consumer products.

(Excerpt) Read more at globaleconomicanalysis.blogspot.com ...


TOPICS: Business/Economy; Government
KEYWORDS: communism; socialism
The Kulaks will submit or else.
1 posted on 02/06/2014 9:04:42 AM PST by bkopto
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To: bkopto

Just another form of Obamacare the state will rule all.


2 posted on 02/06/2014 9:07:48 AM PST by Vaduz
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To: bkopto

Well that was the intention from the beginning - to confiscate legitimate businesses. End goal of communism: all the means of production in the hands of the collectivity.


3 posted on 02/06/2014 9:07:49 AM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: bkopto

Take all your merchandise out back, set it on fire.

Return to the store, set that on fire too.

Leave the country.

Let the little commie thieves starve in the dark.


4 posted on 02/06/2014 9:10:12 AM PST by Black Agnes
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To: bkopto

This should go well...


5 posted on 02/06/2014 9:13:01 AM PST by MNlurker
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To: bkopto

Crazy me. I thought a “fair price” was determined by the buyer, the seller, supply and demand. Venezuela is blessed with wise politicians who know better.


6 posted on 02/06/2014 9:14:57 AM PST by Phillyred
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To: bkopto

Who is John Galt?


7 posted on 02/06/2014 9:17:23 AM PST by rjsimmon (1-20-2013 The Tree of Liberty Thirsts)
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To: I want the USA back
End goal of communism: all the means of production in the hands of the collectivity.

The means of production are of no use in the hands of people who have no idea how to produce anything except stolen elections.

8 posted on 02/06/2014 9:22:58 AM PST by E. Pluribus Unum (The only way women can "have it all" is if men aren't allowed to have anything.)
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To: bkopto

The usurper is taking notes with his mighty pen.


9 posted on 02/06/2014 9:25:19 AM PST by bgill
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To: bkopto

I am old enough to remember a Republican President who did something not too different from this.


10 posted on 02/06/2014 9:29:27 AM PST by Buckeye McFrog
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To: rjsimmon

Quién es Juan Galt


11 posted on 02/06/2014 9:40:44 AM PST by Flick Lives (Got a problem with the government? Have a complaint. Get a free IRS audit!)
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To: Buckeye McFrog

I do too. I was a wee lad at the time, but in retrospect I wonder how Congress could let that happen.

The point is, both the Ds and the Rs are statists, just to slightly differing degrees.


12 posted on 02/06/2014 9:42:18 AM PST by bkopto (Free men are not equal. Equal men are not free.)
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To: bkopto
if I find companies violating the Law of Fair Prices I'll take more radical measures,

Price controls lead to

1) increased demand
2) reduction of supply
3) 1) and 2) lead to shortages.
4) shortages lead to administrative chaos and chaos in distribution of consumer's goods and factors of production and wages
5) shortages reduce the quality of products and services
6) shortages lead to increased hoarding
7) shortages lead to rationing

This has been known since the time of Adam Smith, but is either unknown or simply evaded by those with a destructionist mentality who want to punish businessmen, capitalists and the rich because they have "too much." This includes not only Venezuelan commies, but also the great majority of today's presumably educated political and intellectual libtard leaders

13 posted on 02/06/2014 9:44:17 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: bkopto

The end is near. Zimbabwe has come to Latin America.


14 posted on 02/06/2014 9:46:19 AM PST by jimfree (In November 2016 my 13 y/o granddaughter will have more quality exec experience than Barack Obama)
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To: Black Agnes
The problem it that with one and two done three is not possible.
15 posted on 02/06/2014 9:46:52 AM PST by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: bkopto
Price controls = nothing available to buy...zip!
16 posted on 02/06/2014 10:07:48 AM PST by JPG (Yes We Can morphs into Make It Hurt.)
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To: Harmless Teddy Bear

I’m in agreement with the “burn it down” strategy.

Unless you have stockholders who you are beholden to, destroy your stock, leave the country and take the loss.


17 posted on 02/06/2014 10:10:50 AM PST by EQAndyBuzz (Insurgent Conservative)
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To: bkopto

Well, on the plus side Comrade Maduro is still making good money from selling their heavy oil to US Gulf Coast refineries since the Canadian heavy oil is still blocked.

Viva Hussein!!

Death to Keystone!!


18 posted on 02/06/2014 10:33:08 AM PST by Rockpile
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To: mjp

“This has been known since the time of Adam Smith, but is either unknown or simply evaded by those with a destructionist mentality who want to punish businessmen, capitalists and the rich because they have “too much.”

Those principles that lead to destruction aren’t unknown to them, they simply don’t care about the suffering of anyone besides themselves. In fact, they take evil delight in hurting others. It feels good hurting others. “See that manure pile, Comrade? Go stick your nose into it, or we’ll do it for you. And you will like it.”


19 posted on 02/06/2014 10:35:51 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: bkopto

"Hmmm. They can do that?"
20 posted on 02/06/2014 10:42:09 AM PST by Paine in the Neck (Our Lives, our Fortunes, and our sacred Honor)
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To: bkopto

Those socialist and their language. Notice the use of “self regulate” and “fair”.

“Either voluntarily put the gun in your mouth and pull the trigger or I will do it for you. You’re going to commit suicide even if I have to do it for you!”


21 posted on 02/06/2014 11:17:38 AM PST by Bogey78O (We had a good run. Coulda been great still.)
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To: EQAndyBuzz
You leave with what money?

Most businesses have their capital tied up in the building and stock.

Burn it and you have nothing.

Then you have no money to pay someone off for an exit visa, safe passage across the border and where are you going to go?

It isn't as hollywood but what people do is sell their business, usually for much less than it is worth to the local party apparatchik.

22 posted on 02/06/2014 1:02:10 PM PST by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Vaduz

Oh how the rats in dc are salavating over this wish for us


23 posted on 02/06/2014 3:25:16 PM PST by ronnie raygun (zippy the a##clown sez..............................)
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To: ronnie raygun

They will soon feel the back of the head slap soon when all has failed their party will take years to recover if at all.


24 posted on 02/07/2014 9:08:40 AM PST by Vaduz
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