Samsun Signs Agreement with Venezuela to Jointly Produce Electronics

So that's what the game is

Venezuela signed a strategic alliance Wednesday with South Korean electronics giant Samsung, agreeing to jointly produce consumer electronics and major appliances after a week of raids on retailers and the emptying of store shelves by consumers taking advantage of government-forced discounts.

Rafael Ramirez, Venezuela's longtime oil minister and now vice president for the economy, signed the agreement with Samsung's regional president, Hyun Chil Hong, a day after the National Assembly gave President Nicolas Maduro powers to rule by decree for up to 12 months.

Economists consulted by The Associated Press said they expect Maduro will tighten government controls on the economy to the detriment of private enterprise.

Comments

[Sevo]

If you're to sup with the devil, best you have a long enough spoon.

[RightNut]

Funny the version of that saying I always heard was a bit different.

If you're to sleep with the devil, make sure you use protection.

But seriously why the fuck would you make any type of business deal with a government that is forcing businesses to sell at a loss as well as nationalized hundreds of others, and habitually blames "bourgeois and business leaders in league with the US" for all the country's self inflicted problems?

[Sevo]

Especially a government with such a crummy currency.