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Source link: http://archive.mises.org/10656/a-tale-of-two-shortages/

A Tale of Two Shortages

September 15, 2009 by

>With his people clamoring for their caffeine fixes, Chavez has expropriated his country’s two largest coffee roasters, Fama de América and Café Madrid, blaming these companies for the scarcity, claiming that the roasters were hoarding, speculating, and smuggling. Meanwhile, here in America, President Obama insists that all people need access to medical care, believing that healthcare “should be a right for every American.” FULL ARTICLE

{ 9 comments }

Barry Loberfeld September 15, 2009 at 7:37 am

“With his people clamoring for their caffeine fixes, Chavez has expropriated his country’s two largest coffee roasters, Fama de América and Café Madrid, blaming these companies for the scarcity, claiming that the roasters were hoarding, speculating, and smuggling.”

Ah, yes, that great evil that bedevils socialism even more than the black market — WRECKERS!

greg September 15, 2009 at 11:15 am

Chavez is nationalizing every industry he can to make up for the shortfall in oil revenue. He took over the cement industry and brought that industry to a standstill in his country.

The comparison to the developments in our healthcare industry is a little too over the top. Our healthcare industry is not the problem as they are very much competing, providing quality healthcare and the price they are paid for is low. What is not right is the insurance structure and the fact they are ripping you off every time you file a claim. The problem is that what healthcare bills is not what insurance companies pay, so if you don’t understand basic accounting principles, you think you are getting your money’s worth.

Deregulate the insurance business and allow us to buy outside our state!

john September 15, 2009 at 1:21 pm

Columbia? Where is Columbia? Do you mean Colombia?

Sean W. Malone September 15, 2009 at 1:32 pm

This is a bit evil of me, and I should disclaim it by saying that I do not wish to see this amount of suffering inflicted on other people – but I truly wish sometimes that Venezuela as a huge, widely regarded nation that people understood clearly and explicitly for the philosophies its leadership is employing. If they did, watching it collapse would be a great example for the US… But it appears we are condemned to repeat these failures again & again.

Ohhh Henry September 15, 2009 at 1:44 pm

Many Canadians and Americans suffer from a mysterious and debilitating neurological disease.

They are perfectly able to understand an article like this one in the FT which explains how the socialist Chavez has destroyed the coffee industry. They know that the USSR collapsed due to disastrous central planning and its corrosive effect on all things economic and financial. They have grokked the essential fact that nationalizing food production in North Korea has caused malnourishment and starvation. Everyone who reads a paper or watches the TV news knows that printing money has been a catastrophe for Zimbabwe.

But the part of their brain which is used to analyze problems in their own countries, like health care, banking, automobile manufacturing, etc. has some kind of mysterious lesion or else is a water-filled empty space. When their own government nationalizes or begins to regulate and centrally plan something they cannot understand why the results are so unsatisfactory. “Insufficient funding” is what most Canadians think is wrong with their Cuban-style medical system. “Not enough oversight” of the banking industry. They observe the exact same mechanisms working in Pyongyang and in Washington DC and conclude in the first case that the government is fundamentally evil and in the second case that government’s only real problem is that they are taking the boots to malefactors with insufficient zeal.

The “third way” is in reality a kind of balancing point in people’s minds between mental constructions based on observation and logic and constructions built out of fantasies and prejudice.

newson September 15, 2009 at 7:31 pm

chavez – living proof that marxism and popular democracy can coexist happily. marxist-democrat allende’s rule was cut short before he could totally bankrupt chile, el presidente seems to have better chances of reaching the end-game.

the arts crowd love him too. check out the rapturous welcome at this year’s venice film festival. disheartening.

Bruce Koerber September 15, 2009 at 8:26 pm

Like two peas (or coffee beans) in a pod!

Walt D, September 15, 2009 at 9:30 pm

“the arts crowd love him too. check out the rapturous welcome at this year’s venice film festival. disheartening.”
The’re making a new movie about socialists – it’s called “Has Beans!:-) !!

newson September 16, 2009 at 12:52 am

el presidente was in venice with oliver stone, who presented his “south of the border” biopic on …guess who?

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