Interpretation

BBC's Will Grant is absolutely clueless.

Last week President Chavez ordered troops to rice processing plants after accusing producers of sidestepping the law on controlled prices by producing a higher grade of rice.

...

Mr Chavez is attempting to reduce the cost of the basic shopping basket of ordinary Venezuelans at a time of soaring inflation, says the BBC's Will Grant in Caracas.

I don't think inflation fighting is an even remotely acceptable explanation. Here, we have Mr. Chavez's military assets seizing other people's productive assets, because they followed the law to the letter. Who will now retain any profits from the use of these assets? Mr. Chavez's government. So who gets immediate benefits from this seizure? Plainly, Mr. Chavez! Will more rice be produced, and at lower cost? The reporter doesn't seem to realize that it doesn't matter. He won't be reporting the actual results of the seizure either way...

But business leaders and food producers are furious at what they see as a further attack on their ability to turn a profit, our correspondent says

Now I get it. We must judge Mr. Chavez not on the morality of means taken, but stated ends. And we simply shouldn't believe what producers say at all.

Pages

Powered by Movable Type 5.02

About this Entry

This page contains a single entry by Kevin published on March 5, 2009 11:40 AM.

Access to Healthcare was the previous entry in this blog.

Trust is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.