Venezuela: Toilet Roll Stash Found Amid Crisis
Venezuela: Toilet Roll Stash Found Amid Crisis
Police find a warehouse containing thousands of bales of loo paper, weeks after the government blamed a conspiracy for a shortage.
12:53pm UK, Friday 31 May 2013
A huge stash of toilet roll has been found in Venezuela, just weeks after it was revealed the country faced a crisis over shortages.
A tip off from a member of the public led police to a warehouse where 2,450 bales were discovered.
Officers also found 7,000 litres of fruit juice and 400 packages of disposable baby nappies.
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Price controls were introduced for certain basic goods in 2003 after an oil industry strike paralysed the economy, sent inflation soaring and led to shortages of goods.
Experts say such price controls lead to shortages as there is little incentive to supply when the amount manufacturers receive for the goods is less than they are worth.
It can also lead to hoarding as some are tempted to buy up large amounts of goods when they are cheap so they can be resold elsewhere or later where or when prices are more expensive.
More: http://news.sky.com/story/1097759/venezuela-toilet-roll-stash-found-amid-crisis
= new reply since forum marked as read
and look at the posts saying how it was an evil fucking conspiracy by multinational corporations?
