Customers lined up at 6:30 a.m. outside a government-subsidized store in the Santa Rosalía neighborhood for a chance to get whatever groceries were available. Meridith Kohut for The New York TimesWith Venezuelan Food Shortages, Some Blame Price Controls -- New York Times
CARACAS, Venezuela — By 6:30 a.m., a full hour and a half before the store would open, about two dozen people were already in line. They waited patiently, not for the latest iPhone, but for something far more basic: groceries.
“Whatever I can get,” said Katherine Huga, 23, a mother of two, describing her shopping list. She gave a shrug of resignation. “You buy what they have.”
Venezuela is one of the world’s top oil producers at a time of soaring energy prices, yet shortages of staples like milk, meat and toilet paper are a chronic part of life here, often turning grocery shopping into a hit or miss proposition.
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My Comment: The Venezuelans are going through the same crap that I had to go through when I was growing up in the former Soviet Union. Price controls and government regulations over supply and demand NEVER .... I repeat .... NEVER NEVER NEVER work .... but fools like Chavez,Castro, Km Jong-Un, and God knows how many still believe that it does.