Maduro Learns From Obama's Cuba Deal: No Consequences for Confiscations

Sunday, August 2, 2015
Venezuela's Maduro government is clearly taking note from Obama's one-sided deal with Cuba's dictatorship, whereby the U.S. has established diplomatic relations, eased sanctions and is allowing companies to traffic in stolen American property.

All for nothing in return.

With no consequences to face -- as Maduro's advisers in Havana have now proven -- Venezuela is moving ahead with confiscations.

Ironically, some of the companies lobbying to do business with Cuba's regime are now suffering the consequences in Venezuela.

There's something karmic about that.

From The Wall Street Journal:

Venezuela Takeover Order Riles Companies

Maduro’s government wants industrial zone to build housing for poor

The government ordered major food companies, including units of PepsiCo and Nestlé Inc., to evacuate warehouses in an area where the state plans to expropriate land to build low-cost housing.

Thursday’s order, delivered by National Guard soldiers and housing officials, gives companies 60 days to clear out of the structures in an industrial zone, workers and company officials said.

These people condemned the move as the latest sign of increasingly hostile relations between the private sector and President Nicolás Maduro’s leftist administration.

Mr. Maduro in recent months has ramped up accusations against companies including the Pepsi bottler Empresas Polar SA, the country’s biggest food vendor, that he blames for Venezuela’s galloping inflation and chronic shortages of basic goods ranging from cooking oil to shampoo. Business leaders deny the allegations and say the economic woes stem from rigid state controls and the government’s mismanagement.

Major distributors, including U.S. agriculture giant Cargill Inc. and Mexico’s Coca-Cola Femsa SAB, also rent storage space in the industrial zone.