The Corner

Venezuela Runs Out of Toilet Paper

Hugo Chávez is dead, but his economic policies live on:

First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities – toilet paper.

Blaming political opponents for the shortfall, as it does for other shortages, the embattled socialist government says it will import 50 million rolls to boost supplies.

That was little comfort to consumers struggling to find toilet paper on Wednesday.

“This is the last straw,” said Manuel Fagundes, a shopper hunting for tissue in downtown Caracas. “I’m 71 years old and this is the first time I’ve seen this.” . . .

“State-controlled prices — prices that are set below market-clearing price — always result in shortages. The shortage problem will only get worse, as it did over the years in the Soviet Union,” said Steve Hanke, professor of economics at Johns Hopkins University.

Commerce minister Alejandro Fleming sees forces other than the laws of supply and demand at work. He blames the shortage on “a media campaign that has been generated to disrupt the country,” and intends to fight back. “We will bring in 50 million [rolls] to show those groups that they won’t make us bow down,” he said.

President Nicolas Maduro likewise vowed that “the revolution will bring the country the equivalent of 50 million rolls of toilet paper.”

Maybe there’s an opening here for Joe Kennedy to give back to the Venezuelan people. JOE-4-TP?

Most Popular

Media

Mark Zuckerberg’s On the Right Track

In comments earlier this week, Facebook CEO Mark Zuckerberg argued that social-media companies should strive to avoid regulating the views of users. “I don’t think Facebook or internet platforms in general should be arbiters of truth,” Zuckerberg said in an interview with CNBC. “I think that’s kind ... Read More
Media

Mark Zuckerberg’s On the Right Track

In comments earlier this week, Facebook CEO Mark Zuckerberg argued that social-media companies should strive to avoid regulating the views of users. “I don’t think Facebook or internet platforms in general should be arbiters of truth,” Zuckerberg said in an interview with CNBC. “I think that’s kind ... Read More

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More

The Need to Discuss Black-on-Black Crime

Thomas Abt’s book Bleeding Out (2019) has garnered a fair amount of attention for its proposals to deal with gun violence in mainly black urban neighborhoods. The entire focus of the book is on interventions in high-crime locations to stem the violence, including: hot-spots policing, working with young males at ... Read More
Politics & Policy

Five Thoughts on the George Floyd Story

After a night of riots, looting, and arson in Minneapolis to protest the police killing of George Floyd, five thoughts spring to mind: One: It is always hazardous to draw sweeping conclusions about society from individual criminal cases. Every individual case involves individual facts, and those facts often ... Read More
Politics & Policy

Five Thoughts on the George Floyd Story

After a night of riots, looting, and arson in Minneapolis to protest the police killing of George Floyd, five thoughts spring to mind: One: It is always hazardous to draw sweeping conclusions about society from individual criminal cases. Every individual case involves individual facts, and those facts often ... Read More
U.S.

Toward Justice — and Order — in Minneapolis

George Floyd, an unarmed black man, died shortly after being physically restrained by four Minneapolis police officers on Monday. His arrest on suspicion of a non-violent crime (passing a counterfeit $20 bill) was caught on a cellphone video and at least two store surveillance videos. From the videos that are ... Read More
U.S.

Toward Justice — and Order — in Minneapolis

George Floyd, an unarmed black man, died shortly after being physically restrained by four Minneapolis police officers on Monday. His arrest on suspicion of a non-violent crime (passing a counterfeit $20 bill) was caught on a cellphone video and at least two store surveillance videos. From the videos that are ... Read More
World

Let’s Focus on China’s Origin Story Again

On the menu today: a return to the topic of the Wuhan labs and the origin of the coronavirus, as China’s top epidemiologist declares the Huanan Seafood Market was not the origin point of the coronavirus. China Stops Blaming the Huanan Seafood Market for Launching the Pandemic The fact that scientists ... Read More
World

Let’s Focus on China’s Origin Story Again

On the menu today: a return to the topic of the Wuhan labs and the origin of the coronavirus, as China’s top epidemiologist declares the Huanan Seafood Market was not the origin point of the coronavirus. China Stops Blaming the Huanan Seafood Market for Launching the Pandemic The fact that scientists ... Read More