Originally posted by: Lothar
Yes, but the poor were able to afford bread, milk, and eggs before Chavez came to power. Now they can't.
Venezuela's inflation was 31 percent last year, the highest in the region.
Unless Chavez is giving the poor a "31%" increase in income every year(which he isn't), anyone with more than 2 brain cells to rub together will understand that Chavez isn't providing them with anything.
Hugo Chavez's nationalization spree and price freeze on products hasn't achieved anything and only made things worse for the ordinary people. The "few hundred families" you mentioned will still be able to afford to eat, the poor wouldn't.
Socialists like Chavez, Castro, and many others bemoan the capitalist emphasis on profit and growth, and focus on distributing wealth instead. This would be fine if wealth appeared out of nowhere, and all governments had to do was distribute it. But if the wealth had to be produced first, markets do it much better.
Market capitalism beats Bolivarian socialism.
The latest decree from Hugo Chavez to banks:
"
Give loans at 15% interest or be nationalized"
Loan money at 15% when inflation is 31%?