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Venezuela's government-run supermarkets offering "just" prices
I'll admit I had no idea there existed a "just price" for a liter of vegetable oil, but as you can see, it is clearly written in permanent marker right there on the advertisement. You can't argue with that. Turns out it's 4.73 Bolívares Fuertes, or a little over one US dollar. For that price, I'll suppress my capitalist instincts and enjoy the 32% savings!
This photo was taken at the Mercado Bicentenario, a government-owned grocery store located in Caracas, Venezuela.
[via Greg Mankiw]
Filed under: Business, Food and Drink, Venezuela
Reader Comments (Page 1 of 1)
Astrid Machado Oct 29th 2010 10:23PM
Well maybe you shouldn't supress your capitalist instincts... I'm from Venezuela, let me tell you the only reason the goverment is able to do stuff like this is because they take the companies from people, people that have put on hard work to get their own oil, milk, or wtvr company, so it's not fair... and on the other hand there's the fact that the goverment has the highest income from oil and gas that this country has ever seeing, and the people is as poor as this country has ever seen... is that fair? or logical?...
Which country in the world has a debt this big when they have this huge income? which other country in the world gives out oil, energy plants, and lots of other stuff when half of the country suffers from energy cuts, long hours with no light, same happens with water, public health services suck. The traffic is awful cuz the streets have holes everywhere...
So from Venezuela, i'm going to have to ask u to refrain from leaving ur capitalist aside, cuz socialism as it's applies to this country is everything but socialism, since u can't say u are implementing a socialist model when u and the other goverment people drive around in hummers, and ur people don't have food, energy or constant water services...