Venezuela’s “21st Century Socialism”: Food Lines For The People, New Cars For The Military

“Food lines are part of our daily existence,” exclaims one member of the Venezuelan public, as people line up for hours outside state-owned supermarkets to buy regulated staple goods, or, as Bloomberg reports, pay three times as much from street hawkers. However, on the other side of the fence in Southern Caracas, President Maduro’s “21st Century Socialism” looks a little different as Bloomberg notes 100s of brand new (admittedly Chinese) cars await new owners following the Defense Minister’s pledge to purchase 20,000 autos for the armed forces. Simply put, in order to maintain the appearance of utopia, Maduro ensures military personnel don’t have to contend with the economic chaos in the rest of the country.

This post was published at Zero Hedge on 09/29/2014.