In Venezuela, parents make their children skip school so they can spend all day waiting in line for food at the supermarket
In the real world, there is a tradeoff between time and money. But Hugo Chavez and Nicolas Maduro never seemed to understand this.
Sure, price controls mean that families save money on their grocery bills. But if that means they have to pull their kids out of school so they can spend all day waiting in line at the supermarket, then this monetary savings from lower food prices is more than negated by the fact that the kids are skipping school.
And according to this article from the Atlantic, that is exactly what is happening in Venezuela.
Venezuela Is Falling Apart
Scenes from daily life in the failing state
May 12, 2016
In poorer communities, parents often respond to this by taking their kids out of school: They’re more useful standing in line outside a grocery store than sitting in a classroom.