Friday, May 17, 2013

Venezuela runs out of bog roll - viva la revolucion!

So this is where a "Bolivarian revolution" gets you.

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Venezuela hopes to wipe out toilet paper shortage by importing 50m rolls
Associated Press in Caracas
guardian.co.uk
Thursday 16 May 2013

Minister blames shortage on 'excessive demand caused by media campaign generated to disrupt the country'

First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities – toilet paper. Blaming political opponents for the shortfall, as it does for other shortages, the government says it will import 50m rolls to boost supplies.

That was little comfort to consumers struggling to find toilet paper on Wednesday. "This is the last straw," said Manuel Fagundes, a shopper hunting for tissue in Caracas. "I'm 71 years old and this is the first time I've seen this."

One supermarket visited by the Associated Press in the capital on Wednesday was out of toilet paper. Another had just received a fresh batch, and it quickly filled up with shoppers as the word spread. "I've been looking for it for two weeks," said Cristina Ramos. "I was told that they had some here and now I'm in line."

Economists say Venezuela's shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government's controls on foreign currency. "State-controlled prices – prices that are set below market-clearing price – always result in shortages. The shortage problem will only get worse, as it did over the years in the Soviet Union," said Steve Hanke, professor of economics at Johns Hopkins University.

President Nicolás Maduro, who was selected by the dying Hugo Chávez to carry on his "Bolivarian revolution", claims that anti-government forces, including the private sector, are causing the shortages in an effort to destabilise the country. ... Commerce minister Alejandro Fleming blamed the shortage of toilet tissue on "excessive demand" built up as a result of "a media campaign that has been generated to disrupt the country.

"The revolution will bring the country the equivalent of 50 million rolls of toilet paper," he was quoted as saying Tuesday by state news agency AVN. "We are going to saturate the market so that our people calm down."

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