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On July 28, the troubled nation of Venezuela goes to the polls to decide their leader for the next 6 years.
After 25 years of rule by the United Socialist Party of Venezuela (PSUV) under leader Hugo Chavez and now President Nicolás Maduro, the country has floundered under the crippling economic sanctions that the USA has imposed on it.
These restrictions have strangled the economy and it has shrunk by 75% and lead to a quarter of the population (7 million people) to leave the country. It’s difficult to see why not when all but 6% of the population lives under the poverty line and the average pay in the private sector is $210 per month, compared to estimates of a basic basket of goods of $380 to $500.
Maduro and the entire bourgeois nationalist project of “Bolivarianism,” which was fraudulently presented as “socialism” despite maintaining a super-wealthy “Boli-bourgeoisie” profiting from government contracts. This has lead to a wealthy political and military class.
The opposition is US-backed candidate Edmundo González Urrutia who is standing in after former opposition leader, Maria Corina Machado, the leader of the Unitary Platform whose candidacy was disqualified by the courts.
Apart from a solution to the deepening social catastrophe keeping millions in utter misery, what is at stake? Especially for the US to organise and fund regime change?
Oil, and lots of it. In fact the world’s largest reserves. So much so, that the US has been considering a military ncursion to ‘secure the resource’.
This has endangered the sovereignty and opened the possibility expanding into a third world war and imperialist push to recolonize the world. The economic and military ties between Caracas and Moscow, Beijing and, to a lesser extent, Tehran, are intolerable for Washington in its “own backyard” as it prepares for military conflict against China and Russia.
Previously former US president Donald Trump, who is leading the polls ahead of the US presidential elections in November, economic sanctions were intensified and a failed attempt was launched to send US mercenaries to kidnap Maduro and the Venezuelan leadership and install the self-proclaimed “interim President” Juan Guaidó.
Sanctions on trading Venezuelan oil were reinstated in April after the banning of Machado, but the US Treasury Department has given special licenses to certain US and European companies. The US government has become the de factoauthority over most Venezuelan oil production.
Any of this sound familiar?
After 25 years of rule by the United Socialist Party of Venezuela (PSUV) under leader Hugo Chavez and now President Nicolás Maduro, the country has floundered under the crippling economic sanctions that the USA has imposed on it.
These restrictions have strangled the economy and it has shrunk by 75% and lead to a quarter of the population (7 million people) to leave the country. It’s difficult to see why not when all but 6% of the population lives under the poverty line and the average pay in the private sector is $210 per month, compared to estimates of a basic basket of goods of $380 to $500.
Maduro and the entire bourgeois nationalist project of “Bolivarianism,” which was fraudulently presented as “socialism” despite maintaining a super-wealthy “Boli-bourgeoisie” profiting from government contracts. This has lead to a wealthy political and military class.
The opposition is US-backed candidate Edmundo González Urrutia who is standing in after former opposition leader, Maria Corina Machado, the leader of the Unitary Platform whose candidacy was disqualified by the courts.
Apart from a solution to the deepening social catastrophe keeping millions in utter misery, what is at stake? Especially for the US to organise and fund regime change?
Oil, and lots of it. In fact the world’s largest reserves. So much so, that the US has been considering a military ncursion to ‘secure the resource’.
This has endangered the sovereignty and opened the possibility expanding into a third world war and imperialist push to recolonize the world. The economic and military ties between Caracas and Moscow, Beijing and, to a lesser extent, Tehran, are intolerable for Washington in its “own backyard” as it prepares for military conflict against China and Russia.
Previously former US president Donald Trump, who is leading the polls ahead of the US presidential elections in November, economic sanctions were intensified and a failed attempt was launched to send US mercenaries to kidnap Maduro and the Venezuelan leadership and install the self-proclaimed “interim President” Juan Guaidó.
Sanctions on trading Venezuelan oil were reinstated in April after the banning of Machado, but the US Treasury Department has given special licenses to certain US and European companies. The US government has become the de factoauthority over most Venezuelan oil production.
Any of this sound familiar?
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