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Venezuela: Cheap Television Sets For All!

Soulskill posted about 10 months ago | from the you're-next-radio-shack dept.

Television 702

solareagle writes "Venezuelan President Maduro has declared war on 'bourgeois parasites' by taking over Daka, an electronics retailer similar to Best Buy. USA Today reports, 'National guardsmen, some of whom had assault rifles, were positioned around outlets of [Daka] ... Maduro has ordered to lower prices or face prosecution. Thousands of people lined up at the Daka stores hoping for a bargain after the government forced the companies to charge "fair" prices. "I want a Sony plasma television for the house," said Amanda Lisboa, 34, a business administrator who waited seven hours outside a Caracas store ... "It's going to be so cheap!" "This is for the good of the nation," Maduro said, referring to the military's occupation of Daka. "Leave nothing on the shelves, nothing in the warehouses Let nothing remain in stock!" Maduro said his seizures are the 'tip of the iceberg' and that other stores would be next if they did not comply with his orders.'"

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Wow (0)

CheezburgerBrown . (3417019) | about 10 months ago | (#45408705)

Is this real?

Re:Wow (5, Interesting)

dskzero (960168) | about 10 months ago | (#45408723)

Yes. Source: I live in Venezuela.

Re:Wow (1)

CheezburgerBrown . (3417019) | about 10 months ago | (#45408755)

I hope your workplace is safe from this type of thing.

Re:Wow (4, Insightful)

dskzero (960168) | about 10 months ago | (#45408789)

Thanks. Fortunately, it is, but at some point this madness will hit everything in the country.

Re:Wow (0)

Anonymous Coward | about 10 months ago | (#45409009)

bummer.

i've been to venezuela many times. it is a great place. the last time i was there the black market exchange was Bs.7 to $1. that was just 3 years ago. now it is Bs.60 to $1. a country with vast oil reserves should be investing not spending!

Re:Wow (5, Insightful)

gl4ss (559668) | about 10 months ago | (#45408903)

can you then tell are the "fair" prices high enough that they can restock or did venezuela just fuck up over-the-table electronics retailing for good in the country?

if the prices are't high enough then it's a short term robbery solution really..

I mean who the fuck would officially import ANYTHING to the country after this if they might e forced to sell the inventory at a lower price than what they paid for it...

Re:Wow (5, Informative)

Stormy Dragon (800799) | about 10 months ago | (#45409135)

It's enough if you exchange the Venezuelan currency to dollars at the official exchange rate. Of course only a complete fool would exchange dollars for bolivars at the official exchange rate. If you do at the rate people who actually do have dollars will agree to, then the store is only getting like 10% of what they paid for the electronics.

Next comes the blood. (5, Interesting)

xzvf (924443) | about 10 months ago | (#45408759)

Yes and as stupid as it sounds. This will work for a short while. Every person of means is probably desperately trying to leave. Once the "bargains" are gone, there will be no more product. Price controls drive growth into the ground and set the stage to inflation when they are released. Next comes wage control, then shortages, rise in crime (fueled by black markets), persecution of the wealthy, then hollowing out the middle class, and finally riots and needless death.

Re:Next comes the blood. (5, Informative)

Anonymous Coward | about 10 months ago | (#45408915)

Crime is already very high, Caracas is the murder capital of the world last I checked.

https://en.wikipedia.org/wiki/Caracas#Crime [wikipedia.org]

Re:Next comes the blood. (-1)

Anonymous Coward | about 10 months ago | (#45408973)

sounds like the time line that is happening in soviet america right now!

Re:Next comes the blood. (1, Funny)

Anonymous Coward | about 10 months ago | (#45409063)

Once the "bargains" are gone, there will be no more product.

That's pretty much what's happened to the US record industry, minus the violence. People say they deserve to have the product for free, or at much lower prices, but they can only make that happen once and then you get inferior stuff from then on.

Re:Next comes the blood. (1, Offtopic)

jedidiah (1196) | about 10 months ago | (#45409127)

Yawn.

The real problem is that you can't charge anyone for the Black Album again. The copy you bought 20 years ago is still good today. There's no more media churn to make your old copy worthless.

Beyond that, the record industry has to compete with LOLCats and Netflix.

Re:Next comes the blood. (0)

Anonymous Coward | about 10 months ago | (#45409151)

Buy music? Who does that? You just download a pirated copy with bittorrent. You're showing your age, grandpa.

Re:Next comes the blood. (2)

RightwingNutjob (1302813) | about 10 months ago | (#45409131)

Difference is that it's awfully difficult to steal a TV from a store and call it a victimless crime with a straight face.

Re:Wow (5, Interesting)

localman57 (1340533) | about 10 months ago | (#45408765)

Yeah. It's real. And the ironic part is that Chavez died at just the right time that a lot of people are going to look back on his rule as the good ole days. The path he laid out was utterly unsustainable, but was pleasant in the sort term for a lot of the people who ended up on the right end of his ultimately self-defeating economic policies. A lot of what he did was paying for things on credit against oil that wasn't even pumped yet. The wheels would have come off the bus eventually, but now they're going to come off while Maduro's driving, not Chavez. And people will blame Maduro (not that he doesn't have it coming as well, as is obvious from this article).

Re:Wow (5, Insightful)

Anonymous Coward | about 10 months ago | (#45408941)

I remember all the morons on Slashdot who thought Chavez was the best thing since sliced bread and wanted the U.S. to follow in his footsteps.

Re:Wow (1)

Debra Plucknett (2850371) | about 10 months ago | (#45409027)

Gotta keep the masses happy in whatever way.

Re:Wow (0)

Anonymous Coward | about 10 months ago | (#45409161)

Obviously this is a way to flip the bird at capitalism and most major banking cartels. However it's likely not the right way.

Not to mention it can only last for so long. Playing Robin Hood with your own country is a good way to cut off all foreign investment. And once that happens, it's pretty much down the tubes from there. And it seems quite doubtful they have the means of production for everything at home, so quality of life without goods coming in will suffer at that point. Once the country's credit rating takes a big enough dive, anything imported will have to be paid for in advance and up front at higher prices than what they're paying now.

As much as the current socio-economic system sucks, it's still going to be quite an uphill battle to work around it. The level of automation and things like AI to get the productivity needed to break out from the current system while keeping people happy still isn't here yet. The way things look , theres not going to be a Star Trek quasi-socialist utopia for at least another hundred years or so. (And that's if only enough people really want it.)

He forgot .... (5, Funny)

frovingslosh (582462) | about 10 months ago | (#45409173)

He forgot to add: " If you like your current TV set, you can keep your current TV set. "

And people called Atlas Shrugged Fiction.... (4, Insightful)

CajunArson (465943) | about 10 months ago | (#45408713)

People said that the characters in Atlas Shrugged were two-dimensional cardboard cutouts and that real life is totally not like that... I guess they never went to Venezuela.

They also said that Ayn Rand would leave us in some sort of post-apocalyptic world with no police, firemen, schools, or anything basic services. Who knew that the entire city government of Detroit for the last 40 years were all a bunch of secret Ayn Rand worshipers who have finally put her dreams into action!?!?!?!??

Re:And people called Atlas Shrugged Fiction.... (2)

ifiwereasculptor (1870574) | about 10 months ago | (#45408799)

"Maduro showed astonishment at a fridge on sale in Daka for 196,000 bolivars ($31,111 at the official rate), and said an air-conditioning unit that goes for 7,000 bolivars ($1,111) in state stores was marked up 36,000 bolivars ($5,714) by Daka.."

Seems something is dratically wrong there, though. I don't know is this sort of approach will yield any results, but it'll be interesting to see the fallout.

Re:And people called Atlas Shrugged Fiction.... (5, Informative)

localman57 (1340533) | about 10 months ago | (#45408851)

The important phrase here is official rate. The bolivar is bullshit, and everybody knows it. That's why it trades at 10 times as many per dollar as the official exchange rate. Venezuela doesn't make televisions. They're imported, and the people who do make them price them in yen, RenMinBi, or Won, or perhaps dollars. The people who sell them are likely to want hard currency to pay for them. So the price in bolivars looks nuts. This is what happens when you peg an artificial exchange rate, folks.

Re:And people called Atlas Shrugged Fiction.... (4, Insightful)

maccodemonkey (1438585) | about 10 months ago | (#45408867)

People said that the characters in Atlas Shrugged were two-dimensional cardboard cutouts and that real life is totally not like that... I guess they never went to Venezuela.

To be fair, I'm pretty sure Venezuela is a parody of real life.

I also don't think Ayn Rand was talking about Venezuela, or that most of her detractors would support a government take over of Best Buy, but you know, shades of grey and all that.

Re:And people called Atlas Shrugged Fiction.... (-1)

Anonymous Coward | about 10 months ago | (#45409067)

Perhaps the US Government may not take over Best Buy but Dianne Feinstein is currently sponsoring legislation such that the insurance companies that are dumping all their clients due to ObamaCare will be forced to continue selling their current plans. The whole ObamaCare thing not withstanding, having the Government force a company to offer a product at a specified price irrespective of whether it is profitable or not is not that much different. If the Government confiscates all a company's property and then proceeds to sell it to people on the cheap is not much different than the Government forcing a company to sell a product at a loss. Either way, the end result is the same, the company loses their money and/or property. In both the Best Buy / Daka example as well as the Insurance company example, it goes right to the heart of the company's business models and the Government can quickly put them out of business.

Re:And people called Atlas Shrugged Fiction.... (2)

rickb928 (945187) | about 10 months ago | (#45409083)

You haven't read Atlas Shrugged, have you?

Re:And people called Atlas Shrugged Fiction.... (4, Informative)

Rockoon (1252108) | about 10 months ago | (#45409175)

I also don't think Ayn Rand was talking about Venezuela, or that most of her detractors would support a government take over of Best Buy, but you know, shades of grey and all that.

Have you even read Atlas Shrugged? Venezuela might not have been mentioned, but Mexico was nationalizing everything in the story, later followed by America passing the "Fair Share Directive" leading to "Directive 10-289" which locks the entire workforce into their current jobs and at their current pay, and demands that they consume exactly as much as they did the previous year. Thats a government takeover of everything.

Re:And people called Atlas Shrugged Fiction.... (0)

maccodemonkey (1438585) | about 10 months ago | (#45409221)

Have you even read Atlas Shrugged? Venezuela might not have been mentioned, but Mexico was nationalizing everything in the story, later followed by America passing the "Fair Share Directive" leading to "Directive 10-289" which locks the entire workforce into their current jobs and at their current pay, and demands that they consume exactly as much as they did the previous year. Thats a government takeover of everything.

You want to give Ayn Rand credit because all she did was describe Communism in a country in a continent next to the continent Venezuela is in? I'm not seeing the insight here. Ayn Rand neither invented Communism or alternate history.

Re:And people called Atlas Shrugged Fiction.... (5, Insightful)

mi (197448) | about 10 months ago | (#45409177)

I also don't think Ayn Rand was talking about Venezuela, or that most of her detractors would support a government take over of Best Buy

The World Social Forum [venezuelanalysis.com] — yes, it is just what it sounds like, plenty of Ayn Rand detractors, to put it mildly — once declared Hugo Chavez a "guest of honor". Yeah, they would support just such a government. Of course, when the take-overs (a.k.a. confiscations) begin in earnest, the weaker among them will try to forget it and lament, how this particular attempt at Communism "was not done right either" and how the next one — the one they'll undertake — will finally show the whole glory of the new order.

Re:And people called Atlas Shrugged Fiction.... (0)

Anonymous Coward | about 10 months ago | (#45408883)

Isn't there a free speech zone where all the Ayn Rand fans gather and circle jerk?

LOLWUT (2)

ArchieBunker (132337) | about 10 months ago | (#45408889)

Detroit has been run by Democrats for decades.

Re:LOLWUT (5, Funny)

CajunArson (465943) | about 10 months ago | (#45408921)

Sarcasm: Requesting permission to buzz the tower.
ArchieBunker: Negative Ghostrider, the pattern is full.

Re:LOLWUT (0)

Anonymous Coward | about 10 months ago | (#45408963)

That's fine, you just go on believing there is any real difference of consequence between Ds and Rs.

I'll just leave you with this:
http://www.youtube.com/watch?v=mIX5_mFVXZM [youtube.com]

Re:LOLWUT (0, Troll)

Anonymous Coward | about 10 months ago | (#45409197)

> Detroit

And it is doing great considering how whites have abandoned it. They didn't want to pay their fair share, and the city government there is doing an amazing job of keeping things running. A Republican ruler would have cut spending and increased the rate of decline. All of the problems in that city are rooted in white people that do not want to pay their fair share.

Re:And people called Atlas Shrugged Fiction.... (2)

Gothmolly (148874) | about 10 months ago | (#45408977)

There's a difference between GETTING money and MAKING money.

Re:And people called Atlas Shrugged Fiction.... (1)

shutdown -p now (807394) | about 10 months ago | (#45409185)

Atlas Shrugged is still a poorly written fiction (at least, I've never known of any person who could be identified as John Galt).

Poorly run government is not fiction, but then that is not new. Though I have to admit that I can't think of any historical case where it would be quite as ridiculous as that. It looks like the guy in charge of the country has basically taken the common American misrepresentation of socialism, and just applied it verbatim - to prove teh Yankees wrong, perhaps? The results are as comically bad as you'd expect, much like what you get when you try to implement the opposite by literally following Atlas Shrugged as a guide.

Get it now (2)

simonbp (412489) | about 10 months ago | (#45408715)

Get it now, because no one in their right might is going to import electronics into Venezuela anytime soon.

Isn't vaguely socialist dictatorship great?

Re:Get it now (-1)

Anonymous Coward | about 10 months ago | (#45408763)

Just like nobody in their right mind will try to import illegal drugs into the United States, huh?

Re:Get it now (4, Informative)

TWX (665546) | about 10 months ago | (#45408861)

There's a profit to bringing in illegal drugs, as there's a market for the drugs that isn't state-regulated and when state-seized, are destroyed rather than sold.

By contrast, since companies, importers, what have you, expect to and need to make money on their importation of products, this grab will show that there's no good in above-board importing into that country. If they can seize and sell electronics, they can seize and sell anything . It's not safe to do legitimate business in Venezuela anymore.

What I expect to happen is that grey-market and black-market importers will smuggle products in, sell them for considerably more money than they should even go for legitimately, and attempt to hide their revenue, indeed much like drug smugglers do here.

Get some facts first, or wait til dust settles (1)

ciaran_o_riordan (662132) | about 10 months ago | (#45409043)

> It's not safe to do legitimate business in Venezuela anymore.

He seized five shops in a country of 29 million people. Don't you think you're being a little alarmist proclaiming the end of imports?

Re:Get it now (0)

Anonymous Coward | about 10 months ago | (#45409107)

There will always be some businesses willing to operate in high-risk environments, as long as they're rewarded appropriately. Instead of all importers pulling out of the market, it's more likely that the ones still operating will simply increase their prices to cover their risk. (If they aren't allowed to increase their prices at all -- that's another story.)

Re:Get it now (-1)

Anonymous Coward | about 10 months ago | (#45408939)

Sure they will. They'll just learn to accept reasonable profits instead of 10000000000000% per item.

Same goes for every product on the planet. Someone WILL step in who wants to make 1% or 5% or 10% over costs.
Sure it's not the high % they get now. But that's gone in that country.

Re:Get it now (0)

Anonymous Coward | about 10 months ago | (#45408981)

This is a really ignorant comment, You really have no clue.

Re:Get it now (2)

khallow (566160) | about 10 months ago | (#45409035)

The real amusement here is that the earlier poster demonstrates greater faith in capitalism than capitalists have. Mandate that TVs be sold belong cost and capitalists will find a way to make a profit on that. That's a huge faith in capitalism that even capitalists don't have.

Re:Get it now (1)

Meeni (1815694) | about 10 months ago | (#45409139)

To be fair, there is a way. Cut on quality, deliver less, and meet the new price target. A fridge is not rocket science, it can be made for -very- cheap. Additional gadgets like wireless connectivity and other crap can be removed (anyway these are margin makers, they don't cost nearly as much as what they retail for). Insulation padding can be reduced (operative cost will be higher, but the price point will be met). Etc.

Joke (0)

Anonymous Coward | about 10 months ago | (#45408719)

My calendar is obviously wrong, and this is Slashdot's April the first sense of humour...

let me be the first to say... (0)

Anonymous Coward | about 10 months ago | (#45408721)

Good luck with that.

A Whole New Meaning To The Term (5, Funny)

wrackspurt (3028771) | about 10 months ago | (#45408731)

'National guardsmen, some of whom had assault rifles, were positioned around outlets of [Daka] ...

FIRE! Sale

good for them (-1)

Anonymous Coward | about 10 months ago | (#45408735)

We could use some more folks like this here in the states. Instead of Best Buy though we could just empty the 1%ers bank accounts and hang those that resist. Might make some progress

Re:good for them (1, Insightful)

Anonymous Coward | about 10 months ago | (#45408865)

This would be a good start. Everything you have over 500 million? Gone. Belongs to the other 99% now.
Thanks for doing your part so well. You rich have truely served your purpose for the greater good.

But nah. never happen. instead it's going to get more and more unequal until people have to die.
We're pretty much past the point where that happened other times in history. So we're getting overdue.

It's gonna get nasty and violent. The wealth WILL be redistributed. And the longer it takes the worse it will be.

Should be entertaining at least. Hope i see it in my lifetime.

Re:good for them (-1)

Anonymous Coward | about 10 months ago | (#45408887)

How I wish you would try. I would love to see your brains splattered on the sidewalk. I'd love to be the one to do it. With a bat would be best, so I could see the look in your eyes as your head caved in and the brains spurted out your nose. You and all the OWS losers.

Re:good for them (0)

Anonymous Coward | about 10 months ago | (#45408959)

So the forklift that lifts your lardass out of you parent's basement is finally working again?

Re: good for them (0)

Anonymous Coward | about 10 months ago | (#45408991)

The second amendment works for everyone friendo, better get started because we did a long time ago

Re:good for them (0)

Anonymous Coward | about 10 months ago | (#45409001)

You got one.
What you gonna do about his 5-50-500-5000 friends who came with him?

The masses will win.
Even if you kill them all. Congrats. You can no longer run your city, state, country.

Brand new TeeVee (1)

Anonymous Coward | about 10 months ago | (#45408745)

and nothing to wipe their asses with

Don't get sick [go.com] , fuckers.

Re:Brand new TeeVee (0)

Anonymous Coward | about 10 months ago | (#45409153)

Toilet paper is shitty anyhow.

hmmm. I wonder (1)

Pharoah_69 (2866937) | about 10 months ago | (#45408753)

I wonder if Juan Valdez got one.

Hidden Agenda (0)

Anonymous Coward | about 10 months ago | (#45408757)

Once everyone has a TV then the government can broadcast propaganda to everyone.

In which case they should be free.

Re:Hidden Agenda (1)

dskzero (960168) | about 10 months ago | (#45408803)

They will probably end up eating them, since there is a food shortage as well. Also, toilet paper shortage.

Re:Hidden Agenda (3, Funny)

ArcadeMan (2766669) | about 10 months ago | (#45409079)

Without food, you won't need toilet paper. Problem solved!

Could be happening in the USA soon. (-1)

Anonymous Coward | about 10 months ago | (#45408769)

Runaway inflation at its finest, a African country that starts with a "Zed" is a textbook case of this.

Re:Could be happening in the USA soon. (4, Funny)

BenJeremy (181303) | about 10 months ago | (#45408845)

Without Zimbabwe, I'd never have achieved my dream of becoming a Trillionaire.

Suck on that, Bill Gates.

This was just a personal vendetta or vote fishing. (3, Insightful)

dskzero (960168) | about 10 months ago | (#45408771)

Prices are so high in Venezuela because of inflation and exchange control. A dollar is worth 6.30 Bs according to the government but it's nearly impossible to get them, so you have to search in the black market where it goes for at least 60 Bs. This store (Daka) though wasn't importing merchandise, so the prices were not just, but since it was allied with the government, it was allowed to sell at whatever prices: something happened, either they screwed up or this is just an election ploy (there are elections next month). Now, the rest of the affected stores ARE importing, and why would they do it now? Since Venezuela's production is nearly zero, this will only lead to broke merchants, and less market fluidity. And these "cheap television sets"? They are being sold at three or four times their price in the black market. As ussual, Chavists are breaking this country apart.

Attention Tea Party knuckleheads: (-1, Flamebait)

L. J. Beauregard (111334) | about 10 months ago | (#45408779)

Food, shelter and health care are necessary for life.

TV sets are necessary only for effective distribution of propaganda.

Re:Attention Tea Party knuckleheads: (0, Troll)

CajunArson (465943) | about 10 months ago | (#45408831)

OH TOTALLY! When I think of the Venezuelan dictatorship, the very very first thing that springs to mind is how the tea party worships Hugo Chavez like a bunch of mindless drones!!

Thank God-Emperor Obama that Rachel Maddow and Sean Penn have exposed those evil tea partiers and their evil affiliation with the pro-free market radical libertarian venezuelan evil dictators!

Re:Attention Tea Party knuckleheads: (0)

Anonymous Coward | about 10 months ago | (#45408975)

I'm not american.. but I'm taking a stab here that the point L. J. Beauregard was making is that unless the Tea Party wants to be on the receiving end of a spectacle such as this, they'd do well in NOT trying to sabotage any policies attempting to provide "Food, shelter and health care". And perhaps a dig at them watching Fox News *shrug*.

Re:Attention Tea Party knuckleheads: (1)

gl4ss (559668) | about 10 months ago | (#45408961)

don't worry when they mean "all" it means friends of the soldiers(who can then resell for the real street price, since supplies are very, very limited, due to nobody, not even government, exchanging money at the official rate! that's what I gathered.).

Re:Attention Tea Party knuckleheads: (0)

Anonymous Coward | about 10 months ago | (#45408997)

But why stop there? Free food, shelter, health care, cell phones, gasoline, TVs (how will you get YOUR propaganda to them if they don't have TVs?), cars (everyone deserves a luxury car), education, a house, money, a computer, an iPad, an iPad 2, an "XBONE", free abortions (free is cheaper than having to pay for birth control!), vacations, alcohol (beer summits for all!), and tickets to Disney world. Don't worry about how we'll pay for it. Money is already free, right, just take it from someone that has more than you. YOU deserve it, because you're such a great guy! :-) And you shouldn't have to pay taxes. I mean, taxes are only for rich people, and rich people are anyone that makes more than you.

Re:Attention Tea Party knuckleheads: (0)

Anonymous Coward | about 10 months ago | (#45409041)

Some people like running water and heat too.

Re:Attention Tea Party knuckleheads: (1)

Rockoon (1252108) | about 10 months ago | (#45409231)

I like massages with happy endings, and my guess is that so do 150 million other Americans.

For the record, this is not what socialists want (2)

rsilvergun (571051) | about 10 months ago | (#45408787)

at least not sane ones. If anyone knows the background on this though I'd love to hear it. This sounds more like a political attack on the owner of the store. I'm all for getting electronics into the hands of those less fortunate. But do it like Britain used to do with the old Z (that's Zed)x, not like this...

Re:For the record, this is not what socialists wan (1, Informative)

Tailhook (98486) | about 10 months ago | (#45408863)

at least not sane ones

You may indulge some high-minded socialist fantasy, but the millions of muppets your side takes its support from are exactly this kind of feral animal, and you know it.

If anyone knows the background on this

Election coming up. Maduro is buying votes.

Why bother? (1)

rsilvergun (571051) | about 10 months ago | (#45408923)

history has shown siding with the rich works much, much better. I'm not asking that rhetorically either. What's so different about Valenzuela that buying votes this way would work (meekly hoping for a rational, well informed answer instead of more Ayn Rand inspired wargaharble... :( ).

Re:Why bother? (1)

Elyjah (108222) | about 10 months ago | (#45409031)

What's so different about Valenzuela...

The difference is that Valenzuela [wikipedia.org] is dead.

Re:For the record, this is not what socialists wan (0)

Anonymous Coward | about 10 months ago | (#45408993)

Yup, just like Obama is buying votes with Obamacare. Or rather, subsidies (exceptions) for those effected by Obamacare. Don't work in a union or vote Democrat? Well, no subsidies for you! Dependence, fear, and love; Either way, you will vote Democrat in next election...or else!

Re: For the record, this is not what socialists wa (0)

Anonymous Coward | about 10 months ago | (#45409149)

That's dinner impressive word salad there. You forgot the randomly capitalIzed words...

Re:For the record, this is not what socialists wan (1)

cpt kangarooski (3773) | about 10 months ago | (#45408881)

That seems like an odd example. I thought that Sinclair hated government involvement in business (unless he could get money without losing control, anyway).

I wasn't thinking of it from the biz standpoint (1)

rsilvergun (571051) | about 10 months ago | (#45408911)

more the educational one. The UK gov't pushed heavy on computers in education. In the States Apple practically gave them away, and Microsoft famously turned defeat into victory when they 'gave' millions of Windows licenses to schools as part of their Anti-trust settlement with Sun/Java.

Correct Idea, Incorrect Execution (0)

Anonymous Coward | about 10 months ago | (#45408815)

The idea is sound: No companies should be allowed to exploit its consumers.

However, the execution is flawed. Now, instead of 1 provider (Daka) there are 0 providers. Reducing supply and keeping demand the same means there will be worse prices and black markets.

The proper execution:
- Provide a government subsidy to Daka's competitor.
- If there is no competitor, offer a tax holiday (~1-5 years) to anyone who wants to create one.
- Forbid anyone who owns a share in Daka from selling it to anyone else for the duration of the tax holiday.
- Forbid anyone who owns a share in Daka from buying a share in the competitor for the duration of the tax holiday.

Re:Correct Idea, Incorrect Execution (0)

Anonymous Coward | about 10 months ago | (#45409211)

Wrong Idea, Horrible Execution

The idea is terrible.

The proper idea:
- Stop stifling competition (this includes artificial control of the currency, which is why they are so expensive in the first place)
- If there is real competition and people are allowed to choose who they purchase from, anyone who exploits their consumer will rapidly have no consumers
- Forbid anyone from using the power of government to enforce a monopoly

The idea of controlling this from the top never works in the long term. It will create grey or black markets. People will end up in jail or dead after raiding these illegal electronics importers/sellers.

But lets look at the bright side. TV just rots the brain anyways, so aren't they all just better without those 'bourgeois' TV's in the first place.

like the girl in willy wonka who wants everything (1)

schlachter (862210) | about 10 months ago | (#45408823)

since when is it a national right to have big screen tvs...or tvs of any size?

Thailand Sugar (4, Interesting)

Anonymous Coward | about 10 months ago | (#45408835)

Thailand last non-elected Prime Minister tried to buy popularity in a similar way, by capping sugar prices very low. The penalty he introduced was 7 years in prison!
Sugar producers smuggled the sugar and sold it across the border, others abandoned crops since it wasn't worth the cost of the fertilizer.

There was a sugar shortage after that.

(comment snipped due to NSA surveillance).

For those who want a $15 minimum wage in the USA.. (-1, Troll)

JoeyRox (2711699) | about 10 months ago | (#45408929)

Pay close attention to what's happening in Venezuela, and every other country that has attempted to enforce price or income controls. Prosperity can't legislated or mandated.

Re:For those who want a $15 minimum wage in the US (0)

Anonymous Coward | about 10 months ago | (#45409033)

http://money.cnn.com/2013/11/06/news/economy/minimum-wage-seatac-new-jersey/ [cnn.com]

You could have at least posted the link. Boy oh boy! Are those states fucked. Mass exodus, watch it come! Sure sucks to run a business in those states. Run like hell while you still can!

Re:For those who want a $15 minimum wage in the US (0)

Anonymous Coward | about 10 months ago | (#45409055)

Pay close attention to what's happening in Venezuela, and every other country that has attempted to enforce price or income controls. Prosperity can't legislated or mandated.

Of course prosperity cannot be legislated. You can only legislate more fair income distribution. That's actually the only purpose of taxes. Minimum wage is very important part of that equation, along with appropriate tax structure (ie. progressive taxes, instead of flat taxes).

Price controls, on the other hand, do not mix well with free market and tend to be extremely poor choice in almost all cases. Price controls only make sense if there exist no private sector economy - ie. communism. And even then, they result in shortages (due to black market) without rationing.

So while you are correct on price controls, that has nothing to do with minimum wages. Too much increase in minimum wages drives inflation, but again, that has nothing to do with what Venezuelaâ(TM)s government is doing.

Re:For those who want a $15 minimum wage in the US (-1)

Anonymous Coward | about 10 months ago | (#45409133)

You can only legislate more fair income distribution. That's actually the only purpose of taxes.

I've been thinking /. posters are dumber than average people for years. I think that statment proves it.

Don't debate idiots, they bring you down to their level and beat you with experience. This guy is a top tier idiot.

Re:For those who want a $15 minimum wage in the US (5, Informative)

Anonymous Coward | about 10 months ago | (#45409071)

Hello from Australia.

Minimum wage here is $16.37 AUD ($15.23 USD).

Seems pretty prosperous.

Re:For those who want a $15 minimum wage in the US (0)

RightwingNutjob (1302813) | about 10 months ago | (#45409189)

Maybe that's got more to do with having vast mineral wealth, a robust diversified economy, and a well-educated hard-working population than it a wage floor on the books.

Re:For those who want a $15 minimum wage in the US (0)

Gothmolly (148874) | about 10 months ago | (#45409085)

VZ is a trial balloon for the US government, they can pull stunts which are less bad than down there, and they seem like JP Morgan.

Re:For those who want a $15 minimum wage in the US (1)

shutdown -p now (807394) | about 10 months ago | (#45409205)

Prosperity can, in fact, be legislated (I think that even libertarian minarchists will agree that government is necessary, at minimum, to protect private property).

But you certainly don't do it by basically taking all goods currently present in the country, and splitting them equally among everyone, all while printing money.

Re:For those who want a $15 minimum wage in the US (1)

Anonymous Coward | about 10 months ago | (#45409217)

Yes, because it's been such a disaster in the countries that have implemented it.

The UK, Australia, Canada, France, Hong Kong, Japan, South Korea, The Netherlands, New Zealand - some of the many countries that have set minimum wage at $10+ an hour. And many of those countries have socialist healthcare too! Scandalous!!

sFhit (-1)

Anonymous Coward | about 10 months ago | (#45408947)

That they 3an hold session and join in

No, the plasma TVs aren't ten a penny (0, Troll)

ciaran_o_riordan (662132) | about 10 months ago | (#45408969)

Great journalism. Report on what one person outside the shop hopes, instead of what actually happened in the shop.

Daka has five shops in the whole of Venezuela.

It's very hard to know what's happening in Venezuela when you don't live there. Most of the media is owned by foreign (US) companies, so it's hard to know what sources to trust. Coverage in foreign media is often just ridiculous.

Re:No, the plasma TVs aren't ten a penny (0)

Anonymous Coward | about 10 months ago | (#45409129)

yeah, when i wan to hear about censored U.S. stories I go to RT (russia today), and to hear bad things about russia and north korea I use U.S. news

I hear there's a variety of issues in Venezuela but nothing is being reported in the u.s.

Can Slashdot tone down the Nazi rhetoric? (-1)

Anonymous Coward | about 10 months ago | (#45409005)

Every day in Saudi Arabia, the United States no.1 ally, the worst Crimes against Humanity imaginably are perpetrated against victims of the regime. However, Saudi Arabia is not on Slashdot's "bash this nation" list, any more than the racist terror state known as Israel. But every day here, we expect the owners of Slashdot to find ANY excuse to demonise those nations on Obama's sh*t list, like Cuba, Syria, Iran, North Korea, Russia, and Venezuela.

This is supposed to be a site pushing stories of interest to 'nerds', but we now see instead the crudest of political agendas, so ANY excuse is used to justify vile propaganda against the peoples of nations America would love bomb and/or invade. The US war machine grows ever more massive with each passing year, and the US war machine is armed with ever more sickening weapons of total extermination as its budget balloons. At no time in Human History has a major power converted its entire economic and social systems into supporting and lionising its military capabilities without that nation eventually indulging in large scale atrocities against its neighbours. For the USA, its neighbours include every nation on this Earth.

America has carried acts of genocide South of the border on many previous occasions, and without doubt, if a larger series of wars are started across our planet, the USA will launch one of the largest unprovoked attacks in Human History against Venezuela to secure its oil reserves for their war machine. The propaganda against this nation that never ceases in America's mainstream media (and George Soros pseudo independent outlets) is in readiness for that time, grooming American citizens to EXPECT US military action.

How do you feel about Slashdot's owners perverting the purpose of this site to push their political agendas? Clearly many Americans cannot wait for the time when their war machine is fully unleashed upon the World. They cannot understand why you would accumulate 'might' if you do not intend to use that might to destroy and enslave others. Great wars do not happen because one or two powerful monsters inflict them on the rest of us- they happen because the monsters successfully groom a significant chunk of the population to actively anticipate them, and work to gain the passive support of most of the rest.

BTW, Europeans, even those that support America, LOATH with all their hearts America's racist and fascist attitude towards Cuba and South America. When Slashdot attacks Venezuela for instance, most non-Americans see this for the vile despicable racist propaganda it is. Only those Europeans on the ultra-right, who dream of the return of slavery and 'empire', congratulate Americans for attacking Cuba and South America.

Re:Can Slashdot tone down the Nazi rhetoric? (2)

jedidiah (1196) | about 10 months ago | (#45409195)

> Every day in Saudi Arabia

The Saudi regime doesn't act like crazy paranoid nutbags out to get us or out to convince their own citizens that we are out to get them.

That does alter the equation a bit.

As far as "atttacks on Venezeula" go, I see much more of that in European news sources as American ones just tend to ingore Venezeula and leave them to their self inflicted misery.

If anything, you're the frothing bigot here distorting reality by whatever means necessary to justify your little hate-gasm.

Silly Venezuelans. TVs ARE for poor people. (0)

Anonymous Coward | about 10 months ago | (#45409201)

In the western world, the more TV you watch, the more likely you are to be a poor person. Ever wonder why the ads for TV during the daytime hours are either focused on the elderly, for the unemployed or people collecting disability? Despite how poor people get in the western world, they still find a way to scrape up enough money to pay the cable bill.

Next TV model (1)

mysidia (191772) | about 10 months ago | (#45409123)

Comes with an activation fee, requiring an online activation of the set involving contacting the manufacturer's activation partner to purchase a turn-on code, after purchased from the store, payable in Bitcoins.

With a rebate available, upon submisison of the receipt showing the dollar amount actually paid for the set.

Venezuelan Economy 101 (5, Informative)

Canapial (1454625) | about 10 months ago | (#45409193)

Venezuela sells oil to the world and receives US dollars in exchange. Dollars are NOT freely available for the common citizen. They are granted through much bureaucratic processes (institutions named CADIVI, SICAD and so on). Foreign exchange controls have set an official rate of 6,3 BsF per 1 US dollar, which are hardly obtainable as previously mentioned. A black market that widely operates outside the foreign exchange controls have set the price at around almost TEN times that amount (60,00 BsF as of today). Since Venezuela's inflation rates are going through the roof, people want to protect their money by obtaining dollars instead. Small businesses have imported goods using black market dollars [again, dollars are seldom available to the common folk], thus having to inflate prices ten times to protect their investments. This workaround upset the government and a crackdown ensued. Thus, many of these businesses are forced to sell at ludicrously low prices and subsequently shut down for good. Protip: there's a hefty election day in less than a month. With a raging food shortage that has been going on for many months, this was seen as a populist move to turn the balance back on their favour at the expense of dozens of legit businesses that got caught in this loop. Greetings from warm, sunny, and recently HDMI'zed Venezuela.

Destruction (1)

shimul1990 (3413815) | about 10 months ago | (#45409209)

Destruction caused by the nature is more devastating than the destruction caused by the human being.
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