Venezuela to Nationalize All Food Distribution, Increase Public Wages 30%

Venezuelan President Nicolas Maduro has promised to nationalize food distribution in the South American nation beset with record shortages of basic goods, runaway inflation and an escalating economic crisis.

During a rally on Friday, on International Workers’ Day, the socialist leader allowed a union activist to ask for the nationalization of food and essential-item distribution.

Various estimates suggest the government already controls about half of the country’s food distribution, but that hasn’t stopped record shortages in shops and market

Read more at http://globaleconomicanalysis.blogspot.com/2015/05/venezuela-to-nationalize-all-food.html#HUp40MbFosyWUWBs.99

Heads up Argentina! Brazil! For any country taking Venezuela’s path, think twice!

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