Venezuela’s Congress grants Nicolas Maduro power to rule by decree
Decree powers will strengthen the embattled leader’s hand as he goes after businesses the government accuses of sabotaging Latin America’s biggest oil economy
In an economy completely fucked over by erratic and arbitrary government they’re giving more power to an erratic and arbitrary former bus driver.
That’ll work just great.
a severely distorted economy with embarrassing product shortages and inflation surging to nearly 55 percent.
One is intended to limit businesses’ profit margins to 15 per cent to 30 per cent as part of a state “economic offensive” against price-gouging.
What’s the betting there won’t be an inflation adjustment to those allowable margins?
At which point, of course, all private enterprise shuts down. Well done that man.