The paper chase

The BBC Business News reports:

Venezuela’s National Assembly has backed plans to import 39 million rolls of toilet paper, in an effort to relieve a chronic shortage.

Lawmakers voted to approve a $79m credit for the country’s ministry of commerce, which will also be used to buy toothpaste and soap.

The products are currently in short supply in Venezuelan shops.

The oil-rich nation relies on imports, but currency controls have restricted its ability to pay for foreign goods.

President Nicolas Maduro, who won a narrow majority in April’s presidential elections, maintains that the country’s periodic shortages of basic goods are the result of a conspiracy by the opposition and rich sectors of society. (continue reading

The Bard of Murdock comments:

The socialist caucus
Now running Caracas
Is on the hot seat in the polls.
The national issue?
A shortage of tissue
That common folk purchase in rolls.

The problem is vivid.
The public is livid,
As price controls wipe out supply.
Now people are queuing
In hopes of accruing
A super absorbent two-ply.

The previous autumn
The market hit bottom,
When need far exceeded demand.
Which happens when masses
Are ruled by asses,
And finish with nothing in hand.

As public opinion
Throughout the dominion
Continues its negative trend,
The socialist caucus
Now running Caracas
Says all will be well in the end.

 

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