Coming Soon to a Third-World Country in the Making Near You
February 28th 2009 Economy, Communism, Assholes, Free Market

Chavez orders army to seize Venezuela rice mills

Venezuelan President Hugo Chavez on Saturday sent troops to temporarily take over rice processing plants in the South American nation, his toughest move against industry since a referendum win this month. … Chavez accused the companies of disrupting the supply chain by refusing to produce rice at prices set by the government.

Nationalization won’t happen this way in the US. Instead, it’ll be a combination of legal acquisition, regulation, and threats.

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-SteveF







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