Venezula has more oil offshore than any county in the World an yet people are lined up arounf the block to buy one stick of butter and a roll of toilet paper. Gene Hoffman
A recent New York Times article about the protests in Venezuela reported
that "demonstrators condemn a wide range of perennial problems,
including… shortages of basic goods like sugar and toilet paper." This
has become a meme in coverage of the unrest, as just about every story
mentions these "shortages" as a reason for the student demonstrations.
The word has become a kind of shorthand for the chaos and decay of the
Venezuelan economy, driven by bolivarian socialism's uniquely
self-destructive mix of economic policies. But how, you might wonder,
does government policy cause a toilet-paper crisis?
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