The fate of Lácteos Los Andes

Lácteos-los-AndesMore than five years ago, Hugo Chávez announced that the government bought private dairy company Lácteos Los Andes, making it part of his “food sovereignty” plan, along with other companies like coffee maker Fama de America.

For years, it was presented to the public as an example of what socialism can achieve. Its products even had attached a special heart-shaped logo to prove it.

Well, fast forward to the present and workers of Lácteos Los Andes are denouncing that the company is bankrupt, with its numbers deep in the red for the last three years. They also staged a protest last week in downtown Caracas to demand better working conditions.