Venezuela Declares Another Emergency: It Has Run Out of Food
Opposition legislator Julio Borges announced the measure on Thursday, which would allow the legislature to push for more imports on basic food goods and inspect government-owned food companies to ensure they are meeting efficiency standards. “This will make corporations and expropriated lands produce food again, will simplify the process of national and foreign investment, and establish incentives for investors,” Borges promised.
Socialist party members are arguing that the decree goes beyond the scope of the power of the legislature and cannot override the executive decree President Nicolás Maduro put into motion in January, which declared an “economic emergency” and allowed the government to further intervene in private corporations. Venezuela’s Supreme Court extended the viability of the emergency decree this week, in a move many consider an attempt to keep the opposition legislature from asserting too much power over the food industry in Venezuela.