Reopening Venezuela to the global markets is certainly a part of it, but “stealing their oil” isn’t. It’s more about the fact that they’re a thorn in America’s side, by not being part of the established political order, and calling themselves Socialist. It’s just all politics, and balancing coalition interests with public image.
Though, they wouldn’t really be “reinstating capitalism” either, just reopening them to markets and (hopefully, from their perspective) privatizing parts of the economy. Or, more specifically, bringing them into the global investment capital system. Venezuela only ever really nationalized a few key industries, there aren’t giant worker-enterprizes to disassemble, like in the Russian Civil War. It’s a much easier transition, and still, in pursuit of domestic political capital, not resource rights.
What always got me with Venezuela, and why I read a couple books about it, was that they aren’t even that staunchly socialist. They nationalized A FEW KEY INDUSTRIES. That’s why I became curious about it. Obviously there’s the whole “we can’t have socialist countries existing without abject poverty” schtick that the states likes to do, but it is largely because the private oil interests that dominated the country want back in, and probably a personal vendetta with how Chavez removed them.
Reopening Venezuela to the global markets is certainly a part of it, but “stealing their oil” isn’t. It’s more about the fact that they’re a thorn in America’s side, by not being part of the established political order, and calling themselves Socialist. It’s just all politics, and balancing coalition interests with public image.
Though, they wouldn’t really be “reinstating capitalism” either, just reopening them to markets and (hopefully, from their perspective) privatizing parts of the economy. Or, more specifically, bringing them into the global investment capital system. Venezuela only ever really nationalized a few key industries, there aren’t giant worker-enterprizes to disassemble, like in the Russian Civil War. It’s a much easier transition, and still, in pursuit of domestic political capital, not resource rights.
What always got me with Venezuela, and why I read a couple books about it, was that they aren’t even that staunchly socialist. They nationalized A FEW KEY INDUSTRIES. That’s why I became curious about it. Obviously there’s the whole “we can’t have socialist countries existing without abject poverty” schtick that the states likes to do, but it is largely because the private oil interests that dominated the country want back in, and probably a personal vendetta with how Chavez removed them.
Which, by the way? How he did that? cheffs kiss
That’s a lot of words to say ExxonMobil wants access to their oil production
Literally though. That’s the be all and end all of everything that’s been happening with the Venezuela/USA thing.