It wasn’t that long ago that we’d think something like this would never happen in America. But, after the government took over the auto industry and now they’re trying to take over health care, who knows? And I can think of a myriad of excuses they could use: making food affordable for everyone, breaking the law, owing the IRS money, not paying your taxes, etc. And just like with Chavez, there will be no way back.
Venezuela’s socialist President Hugo Chavez on Sunday nationalized Exito, a chain of supermarkets controlled by France’s Casino, on charges of price gauging after the government devalued the bolivar currency.
“Because of multiple violations of Venezuelan laws, the Exito chain will now belong to the republic, there is no way back,” Chavez said on his weekly television show.
via Venezuela’s Chavez nationalizes French-owned retailer – Yahoo! News.