Due to the world’s largest humanitarian crises in Venezuela, thousands of people are now fleeing to nearby countries such as Columbia, Brazil, Peru, and Ecuador for relief.
Venezuela has been in a total economic meltdown in the aftermath of Hugo Chávez’s socialist revolution, and the struggle of their businesses is just the beginning.
Because of the nonstop economic sabotage over 130 arrests have been made by Venezuela authorities.
Several managers of top chains have been arrested according to Attorney General Tarek William Saab. They were accused of attempting to destabilize the economy by speculating and hoarding basic products.
Twenty-nine people have been given conditional release and the remaining ten have been pardoned.
The investigation exploded just after Maduro introduced multiple economic reforms created to save the country’s shattered economy.
Reported by breitbart:
In announcing the reforms, Maduro warned private businesses there was “no excuse” for raising their prices because of his pledge to pay for the additional cost of hiring employees for three months. The regime claims that it agreed on fixed prices after talks with businesses and analyzing costs of production, although this claim was disputed by the Consecomercio trade union who said just 35 companies were consulted.
As such, the government intended to fix prices on 25 basic products, including beef, chicken, and eggs, although the price controls have meant many of these products have just disappeared altogether.
The arrests also make grim reading for private enterprise across the country, as the Maduro regime seeks to consolidate a Cuba-style socialist vision by seizing control of businesses whose prices are too high for Venezuelans, who have recently been living off monthly minimum wage of just a couple of dollars a month.
The regimes of Hugo Chávez and Nicolás Maduro have long employed tactics of intimidation against private businesses, mainly by coercing them to lower their prices. Private operations are now closing at an unprecedented rate because of steep costs and an inability to turn a profit, or merely fear of reprisal from the regime. According to figures from Consecomercio, 40 percent of shops have closed this year, and that figure is only expected to rise.
Last Sunday, Maduro announced the creation of a “Ministry of Interior Commerce” on Sunday designed to “unify” the country’s private and public sectors, a move many fear will only deeper entrench the regime’s meddling in private enterprise.