More 21st Century Socialism news:
It wasn’t enough for the late Hugo Chavez to plunder private farms when he was still alive; now there’s this,
The rural crime spree, which farmers say has accelerated since it began about two years ago, has forced some growers to cut back. Driving an SUV on a dirt road along a vast expanse of green rice paddies here in western Portuguesa state, Venezuela’s grain belt, Mr. Pérez said he normally grows 2,000 acres of rice. But as he regroups from the December robbery, he says he will plant about half that amount this year.
. . .
Agricultural production in Venezuela had already been hobbled by the socialist government’s land confiscations and price controls, which often force farmers to sell at a loss. As domestic food production dropped, Venezuela turned increasingly to imports. But with oil prices plunging, the country now has fewer petrodollars to purchase food abroad.
The problem is compounded by Byzantine currency controls that make it more difficult for private companies to access the dollars needed to import food. And many products that are produced here are smuggled to neighboring Colombia to be sold for big profits. The resulting scarcity has helped fuel the world’s highest inflation and produced long lines at supermarkets as people clamor for milk, meat, pasta and other staples.
the armed forces would plant crops on more than one million acres located on bases and military-controlled territory across the country.
Maduro, like his pals the Castros, does not realize that agriculture is a science.
The Supreme Court ruling took away the National Assembly’s power to remove justices, and declared unconstitutional its members’ review of the lame duck appointments of 34 judges to the Supreme Court.
Meanwhile, there’s a gold deal,
Gold Reserve deal with Venezuela a potential turning point for Canadian miners with arbitration wins the award is worth over US$740 million. So far, there’s only a memorandum of understanding, but María Auxiliadora Dubuc has questions (in Spanish), since the settlement involves unspecified government actions that remain undisclosed to the public. Compare and contrast with a normal petrostate
Long story short, in Canada the Oil Bust doubles as a Manufacturing Boom.
No hope of that in the 21st Century Socialist economic landscape.