Happy Socialist Christmas: Venezuala Seizes 4 Million Toys From “Price-Gouging” Importer, Gives To Nation’s Poor

Toys for Socialist Tots’ appears to be the latest scheme dreamed up by Venezuela’s President Maduro to keep the people from the verge of outright revolution. As Bloomberg reports, Venezuela price regulators on Friday seized almost 4 million toys from warehouses around greater Caracas and said they’d distribute them to low income children ahead of the Christmas holiday.

William Contreras, the country’s price czar, accused toy importer Distribuidora Kreisel of hoarding and price gouging and asked that the company’s directors be detained and prohibited from leaving the country.

Flanked by national guardsmen, he said the company had received preferential exchange rates for goods it imported as early as 2009 and then raised prices by as much as 50,000 percent.

“These products will be put to use by the Clap,” he said, referring to the government’s community-based network that distributes food to low income residents. “Venezuela’s boys and girls will have their baby Jesus guaranteed, and these companies will learn that they can’t play with the rights of the Venezuelans.”  Read more here! »

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