Today the Cabinet approved what is simply another step in Hugo Chavez Dictatorial takeover of the country. A decree was approved today which in its article 4 simply states:
“All of the assets neccessary to develop the activities of production, fabrication, import, storage, transport, distribution and commercialization of foodstuffs and products subject to price controls are declared of public utility and social interest”
What this means is that the Government can now take over, occupy, nationalize and expropriate any facility in the chain of production, distribution and delivery of any product subject to price controls at will. The products can also be confiscated at will by Government officials. Since the Government can add products to this list at will, this means just about any sector can be threatened with this decree and it gives the Government another weapon to subjugate and create fear in people. This decree is a clear violation of a Constitutrion that guarantees economic freedom in Venezuela, but clearly absence the rule of Law and the lack of independence of the Supreme Court guarantee that it will stand.
Another sad step in giving Hugo Chavez dictatorial control over the country. Another step in making food production unattractive for investment, insuring that shortages and inflation will intensify in the future. Another failed policy by an ignorant Government.