SOCIALISM AT WORK: ALL THAT OIL MONEY AND CHAVEZ CAN'T STOCK HIS NATION'S SUPERMARKETS

VENEZUELA NEWS & VIEWS - (VIA GLENN - WHO HAS MORE):

Christmas shelves in Venezuela: something is missing It is common knowledge around the world that some food items have left Venezuela's shelves. Plenty of excuses have been offered to account for the absence of milk, sugar, beans, noodles and more.

For example, conveniently, the world prices of milk and wheat have been going up. That might be but these items are not any scarcer in the shelves of, say, Colombia than they were a few months ago.

Another good excuse advanced by chavismo is that the poor in Venezuela have such a great income that they are snatching milk from the shelves faster than any rich person can do. Of course, all of these are just that, excuses, and any serious economist laughs at them.

IF SOCIALISM WORKED THEN WE'D ALL BE DRIVING YUGOS.