Venezuela to nationalize food distribution

AFP ^ | May 2, 2015

[Zakeet]

Venezuelan President Nicolas Maduro has promised to nationalize food distribution in the South American nation beset with record shortages of basic goods, runaway inflation and an escalating economic crisis.

[Snip]

Various estimates suggest the government already controls about half of the country's food distribution, but that hasn't stopped record shortages in shops and markets.

Venezuela is struggling with a recession, 68.5-percent annual inflation and severe shortages of the basic goods that it relies on oil money to import.

On any given day, people in Venezuela can wait hours to get some subsidized milk, cooking oil, milk or flour -- if they can be found at all.

[Ronniesque]

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