Venezuela seizing factories, arresting owners

Socialist Venezuela is so bankrupt that it is unable to import key commodities and unable to supply electricity to factories, so scapegoats have become necessary. The situation became critical when the country’s largest beer producer, Polar, halted production a couple of weeks ago because it was unable to import barley, owing to Venezuela’s lack of foreign exchange. Venezuelans are among the world’s heaviest consumer of beer, and with the summer coming upon them, the lack of the cooling beverage became intolerable to the “masses” that are supposed to support the government on Nicholas Maduro. Valentina Oropeza of AFP reports: Venezuelan President Nicolas Maduro announced a sweeping crackdown Saturday under a new emergency decree, ordering the seizure of paralyzed factories, the arrest of their owners and military exercises to counter alleged foreign threats. The embattled leftist is struggling to contain a raging economic crisis that has led to...(Read Full Post)

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