Chavez's Socialist Revolution Continues

From the New York Times:

In two weeks, Venezuela seems likely to start an extraordinary experiment in centralized, oil-fueled socialism. By law, the workday would be cut to six hours. Street vendors, homemakers and maids would have state-mandated pensions. And President Hugo Chávez would have significantly enhanced powers and be eligible for re-election for the rest of his life.

I wonder how all this socialist experimentation will turn out?

But walking into a grocery store here offers a different view of the changes washing over Venezuela. Combined with price controls that keep farmers from profitably producing some basic foods, climbing incomes of the poorest Venezuelans have stripped supermarket aisles bare of items like milk and eggs. Meanwhile, foreign exchange controls create bottlenecks for importers seeking to meet rising demand for many products.