Maduro is like Obama, only he speaks Spanish.
(Reuters) – Venezuela’s President Nicolas Maduro said a stricter wave of inspections for suspected price-gouging would begin on Saturday in an aggressive pre-election “economic offensive” aimed at taming the highest inflation in the Americas.
“We’re not joking, we’re defending the rights of the majority, their economic freedom,” Maduro said on Friday, alleging price irregularities were found in nearly 99 percent of 1,705 businesses inspected so far this month.
Maduro, who has staked his presidency on preserving the legacy of late socialist leader Hugo Chavez, launched a theatrical – and often televised – wave of inspections this month to force companies to reduce prices.
He says “capitalist parasites” are trying to wreck Venezuela’s economy and force him from office.
“The inspections are continuing daily and have let us see into the under-world of capitalism,” Maduro said in his latest speech to the nation, warning of severe sanctions from Saturday against businesses maintaining unjustifiably high prices.