Skip to comments.Price of corn flour in Venezuela soars 900 percent
Posted on 05/24/2016 9:03:28 AM PDT by C19fan
Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour -- used to make corn patty arepas, a staple of local cuisine -- has risen 900 percent.
The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).
(Excerpt) Read more at yahoo.com ...
They just don’t get it.
They just keep thinking that they need just a little bit more government control to make it all better.
Hey socialists! Here’s something to think about while you’re meditating.
“What if I’m wrong? What if I don’t actually know more than the rest of humanity combined?”
Holy crap. My little bag of Gladiola is priceless!
Lots of good graphics on this general topic in this thread:
Bernezuela—Do You Really Want To Go There?
Venezuela’s socialist rulers have belatedly realized if something costs virtually nothing... surprise - nothing is available.
The kicker is now its going to be available but you can’t afford it! See how it works?
Bolivarian 21st Century socialism finding its way through the mud.
“The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).”
Sure, and let’s just call pi = 3.
“Venezuela’s oil-dependent economy has been crippled by the plunge in price of petroleum on global markets.”
Yea, that’s it. It’s not the fact that the government tries to control everything and always screws it up, is it?
This ignores the shortages that happened when oil was $100 a barrel.
At the official exchange rate, a kilo of chicken will set you back an astounding $89 USD. Well, unless you exchange on the black market, then it is a mere $0.85 USD. Additionally, since the largest bill is the 100 Bolivar, to get that chicken, you'll have to fork over at least 9 bills.
IF there were markets like there were before the massive embezzlement took place, you can imagine what the backpack full of cash would feel like in doing the weekly shopping.
Many Latinos can’t imagine anything but a caudillo, socialist, fascist political regime
Submit or starve.
Ah, the joys of communism.
Tortilla Wars !
I would suspect the cost in silver or gold has gone DOWN.
Will this make it on the NPR nightly news?
Didn’t think so.
Will Gwen Ifill and Judy Woodruff find the time to report of the insane number of rapes and sexual assaults by muslim refugees? Surely they’ll discuss the ‘rape trees’ just over the border.
No time for that either?
BERNezuela whenever referencing this country.
Spread the word!
Is it that they can’t imagine it, or that they are afraid to work for it?
Socialism at work... how soon ‘til we get ‘SHOW TRIALS’ and party purges?
Their economy was crippled when oil was at peak price too.
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