Tuesday, 30 October 2007

Chávez's Hummer Revolution

Chavezhummer

Who needs food when Hummers can be run on state-subsidized petrol? From the New York Times:

Venezuela is grappling with Latin America's highest inflation rate, about 16 percent. The local currency, the bolívar, has plunged almost 50 percent in unregulated trading this year, reaching a record low of about 6,000 to the dollar in October (the official rate is fixed at 2,150 to the dollar.) Gasoline is one of the few products subject to price controls here that is in relatively ample supply. Newspapers have been filled recently with tales of consumers struggling to find milk. Last month, eggs were scarce.

Can you smell the socialist success? (It's the miasma of food in short supply.) Of course, the far left refuses to acknowledge that Chávez's triumph over liberty has anything to do with the price of oil, but most people seem to think otherwise.

Trackbacks

Trackback address for this entry:
http://www.aqurette.com/cgi-bin/mt/mt-tb.cgi/457

Your Comment


Your comment will appear after approval from the journal editor.


Type the characters you see in the image above.