Maduro’s regime announces official rationing for Venezuela
Nice workshop but the results are against any efficiency: rationing is announced. And we can announce fearlessly right now that the unavoidable black market will come with it.
Things must be really bad, and prospects for improvement almost nil for the regime to make it finally official that by the end of the year all supermarkets and food stores will have a finger print system to restrict what you can purchase. In short, if we are to believe the regime, if I buy 2 pounds of corn flour at store X, any other store will know about it and I will not be allowed to buy more corn flour for that week.
That from the view over here the logistics seem unworkable is irrelevant. I do not even know where the regime is going to get the currency to buy all the material it needs to equip all the stores it wishes to control.
No, what truly natters here is that the regime has taken finally an economic decision: controls will not be eased on the economy, real long term market solutions will not take place. As a consequence utmost centralization and control will proceed, with the poverty spread that comes along. Forget about devaluation, increase the price of gas, release some exchange controls to improve at least production of food. Here, we are going to use the few dollars available to buy a subsistence food system for all. After all if you cannot buy a car why should you worry about the price of gas? If you cannot afford travel, why should you care about which airlines fly to Venezuela? If you cannot afford Foie Gras and Salmon, why worry about corn flour being rationed to you?
And if you have any doubts about my words look at other bits of news.
The health sector is demanding a humanitarian emergency because medical supplies are not arriving and stocks are now depleted. The regime merely replies that they are overreacting even though you only need to visit the nearest pharmacy and listen to attendants tell a third of patrons “we do not have this one”. But of course, one thing is to ration food, another thing is to ration medicine…
If food scarcity is a problem, other items are also missing. Toilet paper may be back, but look for shampoo or deodorant. Tooth paste is also back but gone is soap.
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