U.S. Vice President Kamala Harris is reportedly planning to introduce a price control scheme for food and groceries in America should she be elected – an alarming proposal to hear as a Venezuelan, who experienced the rampant shortages and economic chaos of price controls in the flesh.
I lived through the majority of the past 25 years of the disaster known as Venezuela’s socialist revolution, having only been able to flee from Venezuela a couple of months ago. Throughout the past 20 years or so, late socialist dictator Hugo Chávez and then his successor, Nicolás Maduro, signed off on several iterations of price controls in the same style as Harris’s reported policies, each one more disastrous than the last. The prospect of buying things “cheaper” due to price controls may seem enticing.
Who wouldn’t love to save a couple dollars here and there, especially under Bidenflation, which every single one of my American friends has been slammed by. But roughly two decades of price controls in Venezuela ultimately gave forth to severe shortages, rationing, corruption, and just unpleasant experiences and misery all around. Get ready for the "joy" of bread lines! Don't exceed your coconut rations! Black markets are so brat! pic.
twitter.com/sU9IqvBXmN — Breitbart News (@BreitbartNews) August 15, 2024 It got so bad that the Maduro regime, while still officially implementing price controls, has quietly stopped enforcing them for the most part. They have not publicly said w.