“The crisis in Venezuela is escalating, and it’s not funny anymore. Socialist President Nicolás Maduro, successor to the Hugo Chavez regime, has announced he will use his ‘decree powers’ to nationalize the country’s food distribution network. Milk, flour, and toilet paper may be hard to find, but money can always be located for public employees: ‘Maduro also announced a 30-percent increase in public wages on Friday.’ The government blames ‘hoarding’ — whatever that means — for [medicine] shortages. But doctors and pharmacists blame government price controls, production regulations, and trade restrictions for cutting off the supply.”
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