Venezuela reaches the final stage of socialism: no toilet paper

Venezuela reaches the final stage of socialism: no toilet paper | AgainstCronyCapitalism.org:
Whether a state has a more corporatist flavor or a more “socialist” flavor (crony systems typically have both) it is the denial of prices, the denial of reality, which leads ultimately to disaster.
If the pricing mechanism isn’t allowed to work, distortions in the economy arise. 

Distortions make the system wobbly, and sooner or later the system is off the rails.

And out of toilet paper.

(From The Business Insider)

Venezuela’s product shortages have become so severe that some hotels in that country are asking guests to bring their own toilet paper and soap, a local tourism industry spokesman said on Wednesday….

“It’s an extreme situation,” says Xinia Camacho, owner of a 20-room boutique hotel in the foothills of the Sierra Nevada national park. “For over a year we haven’t had toilet paper, soap, any kind of milk, coffee or sugar. So we have to tell our guests to come prepared.”…