In what some have described as “little more than government-sponsored looting,” on Saturday thousands of Venezuelans lined up outside the country’s five Daka outlets -- a consumer-electronics chain similar to Best Buy (NYSE:BBY) -- awaiting bargains after the socialist government forced the company to charge “fair” prices.
Venezuelan President Nicolas Maduro ordered the military to occupy Daka’s five stores in what he called a crackdown on the “economic war” being waged by the five stores.
Armed national guardsmen kept order at the stores as citizens hunted for bargains.
“I want a Sony (NYSE:ADR) plasma television for the house,” said Amanda Lisboa, 34, to USA Today. “It’s going to be so cheap!”