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Peoples Republic Of Cork Discussion Forums - View Single Post - Venezuela the Socialist Dream Crumbles
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Old 07-10-2013, 03:43 PM
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Originally Posted by strict66 View Post
R.C. I'd imagine you're a Guardian reader are you ?
Guardian has basically the same story:

Venezuela food shortages: 'No one can explain why a rich country has no food'
Toilet paper, rice and coffee have long been missing from stores, as Venezuelan president blames CIA plot for chronic shortages

For Oliveros, an additional cause for the shortage of basic food staples is the decrease in agricultural production resulting from seized companies and land expropriations. "More than 3m hectares were expropriated during 2004-2010. That and overvalued exchange rate destroyed agriculture. It's cheaper to import than it is to produce. That's a perverse model that kills off any productivity," he says.

Venezuela's central bank, which has been publishing a scarcity index since 2009, puts this year's figure at an average of 20%, which, according to economists in the country, is similar to countries undergoing civil strife or war-like conditions.
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