Friday, August 19, 2016

Assad Abu Khalil — What is happening in Venezuela

"The US government has not only cheered, and funded, these anti-democratic actions. By absurdly declaring that Venezuela is an “unusual and extraordinary threat” to US national security and pressuring investors and bankers to steer clear of the Maduro administration, the White House has prevented Venezuela from obtaining much-needed foreign financing and investment.  An honest account of the crisis must include both of these aspects: the government’s costly errors, and the destabilizing actions of the opposition and US government. To ignore one or the other is to misrepresent reality and perpetuate false all-or-nothing narratives that blame the crisis, in its entirety, on either “socialism” or the “Empire.” Such narratives may comfort those seeking affirmation for preconceived notions, but they will not aid those seeking to know why Venezuela is in crisis and how it might get out of it...First, Venezuela is not a dictatorship. The ruling United Socialist Party of Venezuela (PSUV), formerly the Fifth Republic Movement (MVR), has been repeatedly affirmed at the polls, winning twelve of fifteen major elections between 1998 and 2015. The government has won these elections cleanly, and has immediately conceded on the rare occasions when it has suffered defeat, including last December’s parliamentary elections...Second, while Venezuela has moved away from free-market capitalism, its economy is hardly socialist. The private sector, not the state (and still less the social economy), controls the overwhelming majority of economic activity. Between 1999 and 2011, the private sector’s share of economic activity increased, from 65 percent to 71 percent." (thanks Ben)
Angry Arab News Service
What is happening in Venezuela
Assad Abu Khalil | Professor of Political Science, California State University, Stanislaus


Matt Franko said...

"the White House has prevented Venezuela from obtaining much-needed foreign financing and investment. "

iow they cant do it themselves.... which is the whole point... checkmate...

Ignacio said...

Matt, to be fair, there is no nation on earth which can "do it themselves".

You are delusional if the US does, is the country which has been receiving the most 'freebies' from the rest of the world for decades. Without imports (that's why they need the foreign financing for, to buy imports) the US society would collapse in a few days.

Is not of any country interest to be cut off international trade, regardless of the mismanagement (and there are a lot) Venezuela may be suffering.

Calgacus said...

Many nations could "do it themselves" if "it" means "not collapse". Certainly the US. Gross overestimation of the importance of the foreign sector is a major tool of oppression.

Unlike the US, Venezuela has the real problem of importing most of its food, for no real reason. Thereby leaving it reliant on the non-malice of strangers, something which can't always be expected.