Venezuela's top food company has accused troops of illegally seizing more than 500 tonnes of food from its trucks as part of President Hugo Chavez's campaign to stem shortages. The leftist Chavez this week created a state food distributor and loosened some price controls, seeking to end months of shortages for staples like milk and eggs that have caused long lines and upset his supporters in the OPEC nation. (Television New Zealand, Thursday)
The socialist economy lacks the appropriate knowledge which only the unplanned market can provide.
FEE Timely Classic
When Rationing Comes by Leonard E. Read