Today Hugo Chavez “invented” another wonderful concept that will turn Venezuela into a country of parasites and subsidies that will bankrupt the country in no time. Said the ignoramus:
“In the model that I envision, public companies will not depend to survive on their installed capacity, nor the quality of its articles, nor their costs, nor their sales, because their continuity would be assured by the State”
Thus, according to this ignorant man that unfortunately is the President of Venezuela, the company will turn its production over to another Government entity that will sell it without any added value. Thus, he claims, thinks, imagines or dreamt, products will be much cheaper and will have the same quality (???) as those produced by capitalist companies. (Not clear how the last part follows)
here you have it, Chavez wants to add to The Devil’s Excrement a model of Venezuelans becoming inefficient parasites, living off the overall subisdy of the State, which according to this “vision” by Chavez will subsidize everything and kill the capiatlist system.
Sounds like the Soviet Union, with the inefficiencies built in to insure the failure of the whole system and the impoverishment of the population.
Way to go Hugo, hard to imagine a worst system than that!!
(Hat tip @lozanomoreno57!)