It's official: Businesses must turn over 70% of production to Chavismo

[GatoGordo]

Government orders in writing to entrepreneurs give 70% of production: denuncia Fedecámaras

The businessman said that the country's problem is not distribution, but production

VANESSA DAVIES
Tuesday, August 14, 2018 at 5:28 a.m.

This decision feeds the informal market - of bachaqueros - of resale of goods, alerted the president of Fedecámaras, Carlos Larrazabal

What started as a rumor became reality. The first circulars already exist: the Venezuelan government ordered entrepreneurs, in writing, to deliver 70% of their production. One of the circulars bears the signature of the Minister of Food, the military Luis Alberto Medina, and was sent on August 8.

This implies that 7 out of 10 products will, in theory, go to the public network.



"That has already been said in meetings, and being passed in writing that 70% of production has to go to the formal channels and tiered pricing", confirmed Contrapunto Carlos Larrazabal, president of FEDECAMARAS.

Larrazábal assured that the country's problem is not one of distribution, but of production, and he recalled that the agricultural sector "is only sowing 70% of the cultivable areas" while the industrial sector works at less than 30% of its capacity.

He also warned that official channels are the source of goods for "bachaqueros". "We will begin to see, more and more, that it is through the informal channels that food arrives."

When the Government called the unions to talk about the agreed prices of 50 products -measured that did not materialize- the unions "raised the inconvenience" of the delivery of 70%, but judging from the circulars "they have already begun to formalize this requirement "

More than forcing the Government to give 70% of its production, Fedecámaras proposes to encourage production "to have products, to return to the Venezuelan culture of before". Otherwise, it will only be "administer the shortage", he anticipated.

http://contrapunto.com/noticia/gobierno-ordena-por-escrito-a-empresarios-darle-70-de-produccion-lo-denuncia-fedecamaras-218252/

Another great victory for Bolivarian Socialism!

[COLGATE4]

1. Somebody forgot his/her basic math:

0 x 70% = 0