Venezuelan President To Expand Price Controls

Venezuelan
President Nicolas Maduro wants to put price controls on all
consumer goods.

From the
BBC:

Venezuelan President Nicolas Maduro says he plans to extend
price controls to all consumer goods, if he is given powers to
govern by decree.

In a televised address, Mr Maduro said that he wanted to set
legal limits on businesses’ profit margins.

The news comes after electronic stores accused of selling
products at inflated prices were seized in Venezuela. 

From the
Los Angeles Times:

Venezuelan President Nicolas Maduro ordered the “occupation” of
a chain of electronics stores after the socialist government
accused the company of overcharging its consumers.

Troops went to the Daka chain’s five stores and ordered the
company to start selling its products at lower prices, Reuters
reported. Several managers of the company were arrested.

What could possibly go wrong?

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