Sunday, September 26, 2010
Markets in Everything: "Democratic Prices," Venezuelan Style
To quote from the NY Times article:
Tucked into a corner on Plaza Bolívar is Café Venezuela, part of a chain of open-air restaurants established by the government this year. The cafe serves Venezuela-grown coffee and Venezuelan snacks like cassava bread at so-called solidarity prices, half or less than what customers would pay elsewhere.
Ideology is also on the menu. The cafes were created by Comerso, a state holding company for socialist enterprises, which also manages stores that sell everything from subsidized arepas, the crispy corn cakes that are the staple of the Venezuelan diet, to inexpensive Chinese cars. The branch in Plaza Bolívar replaced a clothing store that once occupied the same spot and was expropriated live on television by Mr. Chávez.
The planners behind the cafes have multiple objectives: to provide food and conviviality at democratic prices, to serve as commercial linchpins to renew some of the city’s most run-down districts and, not incidentally, to remind satisfied patrons of the government’s populist program in an election year.
Note it is the Times reporter, not a Venezuelan Chavista, who coins the phrase "democratic prices."
But the best part of the story is this:
Doris, 20, said she still planned to vote for Mr. Chávez and his list of congressional candidates. “Supporting Chávez is the best way to get a job,” she said. She is studying petroleum production and hopes the correct political views can help her land a job at the national oil company.
I guess that is called crony socialism.
Grouch: I'm no fan of Chavez, and think he is causing massive long-term damage to the Venezuelan economy, and is harming the very people he claims to help. I refuse to buy gas from Citgo gas stations because I don't not want the profits funneled to the Chavez regime.
HT: Kids Prefer Cheese