🚨 Vice President Kamala Harris's plan to tackle inflation could lead to food shortages, hyperinflation, and economic collapse, similar to what Venezuela experienced with price controls.
In 2003, Chávez imposed price controls on essentials like milk, sugar, coffee, and meat.
By 2011, these controls extended to everyday items like soap, detergent, shampoo, and toilet paper.
This led to shortages of essential goods, which jumped from 5% to over 22% in just ten years.
By 2015, inflation had nearly reached 70%, and by 2016, 82% of essential goods were scarce in Caracas, Venezuela's best-supplied city.
A survey by three top universities showed that by 2017, 93% of Venezuelans couldn't afford food, with 60% losing around 11 kilograms that year.
Empty shelves, long queues, and a booming black market became the norm.
Domestic production collapsed as businesses found it unprofitable to operate under price controls, leading to a street economy where essential goods were illegally sold at inflated prices.
Vice President Harris’s economic policies, which have already led to the worst inflation in 40 years, mirror those that triggered Venezuela's financial collapse, leading to hyperinflation and widespread hunger.
The Soviet Union and Venezuela have already tried this approach. Why is Vice President Harris looking to repeat it?
In 2003, Chávez imposed price controls on essentials like milk, sugar, coffee, and meat.
By 2011, these controls extended to everyday items like soap, detergent, shampoo, and toilet paper.
This led to shortages of essential goods, which jumped from 5% to over 22% in just ten years.
By 2015, inflation had nearly reached 70%, and by 2016, 82% of essential goods were scarce in Caracas, Venezuela's best-supplied city.
A survey by three top universities showed that by 2017, 93% of Venezuelans couldn't afford food, with 60% losing around 11 kilograms that year.
Empty shelves, long queues, and a booming black market became the norm.
Domestic production collapsed as businesses found it unprofitable to operate under price controls, leading to a street economy where essential goods were illegally sold at inflated prices.
Vice President Harris’s economic policies, which have already led to the worst inflation in 40 years, mirror those that triggered Venezuela's financial collapse, leading to hyperinflation and widespread hunger.
The Soviet Union and Venezuela have already tried this approach. Why is Vice President Harris looking to repeat it?
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