In a surreal move, the failing socialist Venezuelan government has arrested toy executives and stolen their toys . . . to give to the poor children of the country. Unless the toys are made of food or toilet paper, I doubt the children will be much impressed.
Venezuelan authorities have arrested two toy company executives and seized almost four million toys, which they say they will distribute to the poor.
Officials accused the company of hoarding toys and hiking prices in the run-up to Christmas.
Last week, the government issued an order to retailers to reduce prices on a range of goods by 30%.
Business owners say the order is a populist political move, and pushing them towards bankruptcy.
Venezuela’s consumer protection agency, Sundde, said toy distributor Kreisel had stockpiled the goods and was reselling them at a margin of up to 50,000%.
“Our children are sacred, we will not let them rob you of Christmas,” it said in a tweet, along with photos and video of thousands of boxes of toys.
In total, 3,821,926 toys were seized from two warehouses, and would be sold at low prices, it said.
Presumably, these insane steps have been taken to help make the government popular with its starving subjects. Accusing people of “hoarding” toys, tossing these treacherous toy-hoarders in prison, and then distributing the toys to starving children seems unlikely to do the trick.
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