Paging Dr. Who

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Personally, I like my time sequential. Starting at the beginning and running straight through to the end. Which is why I don’t appreciate the crazy time-warpy feeling I get reading about chavista policy.

I mean, seriously? You want to fight inflation by setting price controls for every mass consumption item?

What is this, 1979?!

What’s next, the Phlogiston Climate Change Control Initiative? The Institute for Improved Public Safety through Phrenology? Por Dios, vale…

1 COMMENT

  1. Don’t worry, the article says the law will be approved in the Council of Ministers on Tuesday and imposed as a decree, which means you probably have a good three hours to lobby opposition to the concept.

  2. O sea, La Quinta using the same things tried (and failed) during la Cuarta. La que los parió.
    I wonder what my Chavista in-laws will say when I point this out to them.

    • Do you really have Chavista in-laws? Oh, dear!
      I mean: a Chavista brother or parent is a tragedy, but you can’t choose your brother or parent!

      • I call them in-laws because I’ve been dating her (way smarter) son for 7 long years. And I won’t going to dump the poor guy because half of his family is red-shirt wearing, Thugo-cultists (the other half are arrepentidos-now-anti-Ch, but sadly I interact less with those).

        • Do you know he can have a recessive Chavista gene? Mendel tells us that if you also have a recessive Chavista gene there is a chance in four you will have a Chavista child!
          OK, OK…love is blind.

          • Its not a gene, its a virus, its called the Niche Virus… Its turns you red and makes you give up your free will voluntarily in exchange for a bosal de arepas.

            Its transmitted through the airwaves and encouraged by lack of opportunities for non-contaminated individuals, these so-called opportunities will fill your stomach while draining your brain of modern ideas.

            I could go on and on… 😉

  3. I see that the walk towards yet another serious economic crisis in Venezuela goes along, should I say nicely? and as expected? Nope. Too sad.

    Now they try price controls and, oh, they already have exchange controls for runaway inflation. They are set to repeat the same mistakes of the old half-Socialist Adecos, only with more zeal, adding to them new and unique revolutionary Socialist mistakes.

    Venezuela is still the same country of 1979, but poorer, raggedier, more on the edge, more frantic, more violent, more Boom/Bust Town than anything.

    Every one of these cycles of attempted rescue of the petrostate, a failed model since 1983 (even Chavez is a radical attempt to rescue the petrostate, in a sense) is like an aftershock of an earthquake to a seriously damaged building.

    I regretfully pick catastrophic collapse of the building as the most likely alternative.

  4. In the years following the end of the Vietnam War, the Communists implemented strict central controls of the economy and collectivized agricultural production. The result was that in two years, agricultural production fell to the point that there was literally starvation, in this tropical country. This led one commenter to note that, “Only the communists could have figured out how to stop pineapples and bananas from growing.” The Vietnamese, being practical people, reversed their policies and Vietnam is now self-sustaining and an important trading partner in the world.

    Chavismo, on the other hand, is incapable of reversing its policies, because to admit error is to admit weakness. Every unintended consequence of their latest economic intervention in the market, leads to the excuse for the next intervention. The answer is never to admit error and reverse themselves. The answer is always to apply more controls that, in turn, create more unintended consequences. These unintended consequences are multiplying exponentially with the result that the economy is careening out of control.

  5. I can hear Colombian Industrial Real Estate agents licking their chops over this………….

    What burns me up is the arrogance they must feel. They can do what no others have. Time and again they get a bloody nose, and because of what Roy mentioned about not admitting mistakes, there is no hope that they can correct the course.

  6. Am I the only one who sees the whole “control de ganancias” more as a plan to strip all opposition-minded business from any extra cash they might unwittingly give to the oppo presidential campaign than anything intended to reduce inflation?

    And wouldn’t it be funny if we start a rumor that the UN is planning to do with global oil production what Chavez is trying to do to everything else? That they’re going to put a “control de ganancias” on all OPEC members forcing them to sell all oil at $15/b or they will “expropriate” it. I’m sure chavistas will wholeheartedly support if the international community joins forces to kick in the nuts that evil, hyper-capitalistic empire that is OPEC, right?

    • Partially. If only because I cannot picture the current Makleds, Rupertis, Fernandez Barruecoses, Chacons, Cabelloes and Antonini Wilsons being visited, inspected or audited in any form. So, anyone sufficiently low profile and willing to furnish eh, supplementary income to the would-be auditors.

      But I also see the sheer idiocy of Socialist ideas at work. Think of Giordani and Jaua. Fantasies of how the world “ought to be” according to them, completely disconnected from the way the world actually works…

  7. “Am I the only one who sees the whole “control de ganancias” more as a plan to strip all opposition-minded business from any extra cash they might unwittingly give to the oppo presidential campaign than anything intended to reduce inflation?”

    Nope, add me to that list.

  8. I know it is nice to make price and currency control ideas sound like chavista doctrine. My position for a long time now, has been that this is a trait of Venezuelan identity (or worst, shared by many people in Latin America). That is why it looks like going back to the future.

    I have always said that most Venezuelans are a little bit lefty when it comes to the economy. Will a new government really opt out of price and currency control and behave just a bit to the right?

  9. I read that the controls are in preparation of an imminent devaluation of the Bolivar. The idea is to get more Bolivars per dollar from the high price of petroleum to catch up on bills.

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