“MY VENEZUELA EXPERIENCE AS HEAD OF TRADING IN THE REGION FOR CARGILL:”

1. The government took over our “minute rice” facility at gunpoint because we were “gouging” the nation’s poor. The government was never able to run the plant. It never ran again. It was returned years later with no equipment inside

2. There are 1000’s of generals in the army. They are each given a slice of the economy to loot. The large number of generals made it difficult to organize a coup against the regime.

3. The government opened grocery stores and sold staples below the cost we sold them to the government. In theory they used petro oil money to lower grocery prices. Our regular grocery outlets were forced out of business. When the government demanded we sell them products below cost we simply had to shut down. The populous became ever more dependent on the government handouts. (PS this is the mayor of New York City’s proposal.

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