How Long Are The Shelves Stocked? In Venezuela, Not Much Longer

peterchristopher's picture

Hugo Chavez continues his consolidation of power and confiscation of private property.  

http://www.instablogs.com/outer_permalink.php?p=chavez-launches-new-venezuela-market-promises-fair-prices-no-profits

Will he be able to maintain prices equal or lower than before, and keep the shelves stocked?  Considering the history of North Korea, U.S.S.R., Nicaragua, China, and other dubiously-misguided, excessively Communist projects in this century, the odds are against this miracle.

The irony is that private ownership of property and business aligns the interests of interests of individuals and society better than state ownership of property and business.

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