South american news

This news happens in Venezuela, in this country the “superintendence of fair prices”, fixed the prices of hundreds of products from various brands; like Sony, LG, Converse and Everlast. The list was published on its website, that way everyone who is interested can see the list. Having regard to the provisions of the Organic Law of Fair Prices, which requires a maximum of 30% profit on the cost structure in all economic activities. The list goes from technological gadgets, foods, clothes and even cars. I find it particularly interesting that they have a superintendence that handles these issues and further limits the gain of these big companies, because I think that in Chile, the cost of living is quite high, I think everyone here paid much for everything. For example, we have the most expensive concerts in the region. Is a shame, and it’s even worse than we don’t do anything about it and we are willing to spend money that amount of money on something that is not worth it.

So I think the idea is good, the problem is that down below the article are many comments of Venezuelans saying that it's time now to get the products, as they have prices. One of them even says the Sony closed commercial operations in last December. Anyway, that’s another story.

Here’s the article if you want to check it.

http://www.eluniversal.com/economia/140511/fijan-precios-de-productos-de-lg-y-sony-en-venezuela