BBC News is reporting that the government of Venezuela has seized control of a toilet paper factory, allegedly “to avoid any scarcity of the product”:
The National Guard has taken control of the plant, and officers will monitor production and distribution.
Earlier this year officials ordered millions of toilet rolls to be imported to counter a chronic shortage.
Last week President Nicolas Maduro created a special committee to tackle the problem, which the government blames on unscrupulous traders. …
In a tweet on Thursday, Venezuela’s Vice President, Jorge Arreaza, said authorities would “not permit hoarding of essential commodities, or any faults in the production and distribution process.” (read more)
We first became aware of the serious situation in Venezuela in May, when alerted to the toilet paper shortage by the indispensable Bard of Murdock. This most recent development was brought to our attention by our friend Tim at Dyspepsia Generation, who notes that “the problem with socialism is that eventually you run out of other people’s money … and toilet paper.”
For further enlightenment: