On no basis could anyone think that the US actually cares about the people of Venezuela. After decades of being a US puppet, poverty was rampant, street violence was widespread. The gains following the Bolivarian revolution reversed almost all of that. This is an example of what can be done if a country rejects US…
The Venezuelan oil industry is currently embattled in two large lawsuits that may have a very serious impact on the future of Venezuelan oil production. The situation for the industry has been precarious since the introduction of the Bolivarian revolution. The state oil company seized (for the most part) from the capitalist class had been…
Venezuela has announced that they intend to drop the US dollar as the main trading currency for the country. Instead, they’ve advocated the use of a basket of alternative currencies. On the table right now are the Russian ruble, the Chinese Yuan, Japanese Yen, the Indian Rupee, and possibly the Euro. This will be the…
Venezuela’s legal battle against imperialism took another great step forward with a new ruling by a World Bank arbitration panel. In 1999 when Hugo Chavez was elected he nationalised some of Exxon Mobil’s major projects in the country. The legal battle over the seizure has been going on for more than ten years. In 2014…
WASHINGTON, DC – On Monday the United States government accused the vice president of Venezuela, Tareck El Aissami, of being involved in international drug trafficking. As a result of the accusation, the U.S. has placed severe sanctions on him. U.S. citizens are banned from doing business with him and freezing any assets he has in…
Preface: A few days ago I began an exchange with Tim Worstall over his article on Forbes regarding the food shortages in Venezuela. I noted that his work did not include an explanation for the shortages, nor did it acknowledge the economic warfare going on in the country. He simply refused to admit there was…
In the wake of the death of Hugo Chavez many predicted a sharp return to capitalist policies. Much to their dismay (and my delight) this is not the case. The government of Nicolas Maduro is solidly keeping the victories of Venezuela in sight as he and the Bolivarians begin a new monetary policy. The goal…
Recently Venezuela devalued its currency which has caused a great deal discussion among the people and the media. As to be expected the right wing media and the Western media has claimed that this is some sort of desperation move by the government to prevent a massive economic collapse. Right wing media and generally the…
Relations between Venezuela and Mexico became much more complicated when a Mexican ambassador and his wife were kidnapped and released in the same day. Ambassador to Caracas, Carlos Pujalte and his wife were grabbed in the early morning hours and released that evening in a slum. Venezuela is known for its high profile kidnappings, this…
When Venezuela nationalized the Exxon Mobil portion of oil production in the country, they were offered $1 billion dollars from the Venezuelan government. Exxon Mobil refused the offer and instead took them to the International Chamber of Commerce and claimed the state oil company PDVSA did have liability when its assets were nationalized. They asked…
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