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Venezuela's Socialist president promises a plasma TV for everyone

Nicolas Maduro, Hugo Chavez's handpicked successor. (Getty Images)

He's already sent the national army to occupy and loot electronics stores across Venezuela "for the good of the nation." Now, President Nicolas Maduro is taking his socialist agenda to the next level:

The Economist has more:

Mr Maduro looks increasingly out of his depth. “If I’m bringing down the price of appliances by 1,000%, that has to have an impact on November’s inflation figure, right?” he asked during a state-television broadcast at the weekend. “Or not?” The camera panned to government ministers, none of whom moved a muscle.

Previously: Demand for "fair prices" = Venezuelan "government-sanctioned looting"

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