More money to spend at empty grocery stores.
Via BBC News:
Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.
“We have sent 10,485 automobiles, 9,651 motorbikes and 539 bicycles to the national steel industry,” Maria Martinez, a deputy justice minister, said during a visit to an abandoned car deposit outside Caracas.
That quantity of steel, she said, could be used for rebars, which reinforce concrete, in the construction of tens of thousands of housing units.
In one of late socialist leader Hugo Chavez’s most popular policies, the “Great Venezuelan Housing Mission,” authorities built or refurbished more than 250,000 housing units in 2012 for low-income families. That fell to around 150,000 last year.