A man stocks up on toilet paper at a supermarket in Caracas, on May 17, 2013.
Stores have run out, and each new delivery sees a rush on supermarkets. The demand is so great the government has now been forced to order 50 million rolls to appease desperate shoppers. One woman standing in line at a Caracas supermarket that received a fresh delivery told the Associated Press that she had been scouring the capital city’s shops for two weeks. “Even at my age, I’ve never seen this,” another, 70-year-old shopper told Sky News.
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Economists blame Venezuela’s shortages partly on price controls, initiated by the late President Hugo Chavez, to make goods affordable to the poorest people in society (in a government store, a kilogram of pasta costs $0.30, writes the BBC). But that has also led to country-wide shortages of staple items, and Venezuela’s “scarcity index” is currently at 21% – meaning that out of 100 basic products, 21 aren’t available in stores, notes the BBC. “State-controlled prices—prices that are set below market-clearing price—always result in shortages,” said Steve Hanke, professor of economics at Johns Hopkins University, told the Associated Press. “The shortage problem will only get worse, as it did over the years in the Soviet Union.”
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But socialist President Nicolás Maduro (who was hand-picked by Chavez to succeed him) blamed the toilet paper shortage on “anti-government forces,” reports the Associated Press. While pledging to rectify the situation, commerce minister Alejandro Fleming pointed the finger at the media, who he accused of purposely creating “excessive demand” for toilet paper in order to disrupt the country. Whatever the cause of the current crisis, Fleming confirmed that he was taking drastic action: “The revolution will bring 50 million rolls of toilet paper,” he said, adding: “We are going to saturate the market so that our people calm down.”
Source:timenews Follow @timenewsfeed