In June, I noted how familiar and predictable Venezuela’s deterioration has been, citing Manzoni’s classic novel The Betrothed. Seventeenth Century government meddling in the Italian economy created starvation-level problems, and naturally, the government looked for scapegoats.
Venezuela has continued along this predictable path. As Jim Wyss reports in the Miami Herald:
Facing a bread shortage that is spawning massive lines and souring the national mood, the Venezuelan government is responding this week by detaining bakers and seizing establishments.
In a press release, the National Superintendent for the Defense of Socioeconomic Rights said it had charged four people and temporarily seized two bakeries as the socialist administration accused bakers of being part of a broad “economic war” aimed at destabilizing the country.
Yeah… detain bakers and seize their establishments. That’ll fix the bread shortage!
Watch this short Ami Horowitz report from Venezuela for more Manzoni parallel’s, particularly the part about how the powerful insiders continue to do just fine. Please, please, folks, could we start learning from history and ignoring those whose main purpose is to deceive us into giving them more money?