Tag Archives: Venezuela

Think of what currently passes as a “policy” of the US in Venezuela as a diagnostic tool.  Not just to diagnose the moral degeneracy and mental pathology of the leaders of the AngloZionist Empire, but also to diagnose the very real state of despair and chaos of the Empire itself. Under Obama, for all his faults and weaknesses, the US succeeded in subverting a list of crucial Latin American countries (like Brazil or Argentina) but now, with Mr MAGA, it can’t even do that. The kind of antics...

Video and transcript MARK WEISBROT: Well, it’s all illegal, of course. I mean, the sanctions that Trump imposed in August of 2017, or you can go back further to the Obama sanctions in March of 2015, the sanctions have always been illegal under the OAS Charter, under the UN Charter, under the treaties that the U.S. has, various international conventions that the U.S. is a party to. And also under U.S. law, because the president has to state in order to impose these sanctions in the...

[embedded content] I recommend this video with an interview with Lucas Koerner that is in Caracas about the situation there on the Real News Network.

As Alistair Crooke succinctly put it last year at Strategic Culture: The US – were energy dominance to succeed – simply would control the tap to the economic development – or its lack thereof – for rivals China, and Asia. And the US could squeeze Russia’s revenues in this way, too. In short, the US could put a tourniquet on China’s and Russia’s economic development plans. Is this why JCPOA was revoked by President Trump? Here then, is the squaring of that circle (more US power, yet less...

When I was in the FCO, the rule on recognition was very plain and very openly stated – the UK recognised the government which had “effective control of the territory”, whatever the attributes of that government. This is a very well established principle of international law. There were very rare exceptions involving continuing to support ousted governments. The pre-1939 Polish government in exile was the most obvious example, though once Nazism was defeated Britain moved to recognise the...

The numbers are from the World Bank Development Indicators up to 2016, and then I use the IMF estimates of growth (actually decline) from the World Economic Outlook database. So this is a brutal collapse, something the US government is doing, even at the price of some costs to local refineries, in order to promote regime change in Venezuela. Whatever your views on Maduro and the Chávez period, note that the US is fine with Saudi Arabia. Trump and Dems before too. And remember that Obama...

I wrote a few entries over the last few years that might be useful to understand what is going on in Venezuela. This one from 2016, tries to explain how the crisis is related to an old problem, the dependence on oil exports and the balance of payments constraint. Venezuela can't manage to get beyond the oil dependence in the boom, since a sort of Dutch Disease sets in. One can certainly blame the Chavista governments for not breaking with that dependence, but in all fairness conservative...

Pavlina Tcherneva: There is nothing more crippling to a bold policy agenda than the myth that the government can run out of money. This myth is behind every But how will you pay for it? objection to proposals such as a Green New Deal and Medicare for All. New House Majority Leader Nancy Pelosi (D-Calif.) has even proposed instituting self-defeating PAYGO (pay as you go) rules, which would require all new government spending to be matched with increased revenue, wrongly prioritizing the...

Just four days after president Trump signed an executive order last Thursday enabling new sanctions on Venezuela’s gold sector, in a bid to disrupt trade with Turkey which U.S. officials believe is undermining efforts to cripple Venezuela's economy and force Maduro and members of his government out of office, Maduro is now seeking to repatriate about $550 million in gold bars from the Bank of England over fears it could be caught up in international sanctions on the country. US economic...

Sanctions now form a key part of what is a strategic plan by the US to ruin the Venezuelan economy, says Tim Young.… It's not socialism that is sinking Venezuela but capitalism — neoliberalism, that is, whose corollaries are neo-imperialism and neocolonialism. Tim Young recounts now capitalist America is mounting an illegal hybrid war against socialist Venezuela, pure and simple, not only based on political ideology but mostly for, you guessed it, for capturing the oil.You see, Maduro is...