Caracas Venezuela: Shortages in stores and markets contributes to booming street sales

Posted on November 14, 2014 • Filed under: Business, Economy, Venezuela

Washingtonpost.com reported authorities mostly turned a blind eye to the informal commerce, but late last month Venezuelan President Nicolás Maduro went on TV to decree a ban on street sales of coffee, eggs, shampoo and some 50 other “regulated” items whose prices­ are capped by the government. He ordered the National Guard to police market stalls for such items as mayonnaise and powdered milk, and threatened to prosecute recidivist violators. The crackdown is tricky for Maduro. In Petare and elsewhere, it risks alienating some of the poor Venezuelans who had long been loyal to Maduro’s predecessor, the late Hugo Chávez, but are increasingly unhappy with his understudy. Read Article

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