Simon Nobile, 72, runs the Capri pasta factory in the capital Caracas, which was founded by his Italian-born father in 1940. Capri's two plants crank out 11 million pounds of pasta per month.
They could produce nearly twice that much. However, Nobile says a government policy designed to help the poor forces him to sell half of his inventory for just five cents a pound.
"There is no incentive because price controls mean that you lose money. So the more you produce, the more money you lose," he says.