Venezuela's "Socialist" Capitulation: US Sanctions Bear Fruit
đź“° THE STORY: AP reports that Venezuela's National Assembly has approved legislation to open its crucial oil sector to privatization and foreign investment, abandoning a key socialist principle championed for over two decades. The move comes weeks after an alleged 'brazen seizure' of then-President Nicolás Maduro in a U.S. military attack, and a proposal from acting President Delcy RodrĂguez, who
appears to be paving the way for foreign companies to control production and sales. 🔍 WHAT THEY'RE NOT TELLING YOU: Historical Context: In 2002, the US-backed a failed coup attempt against then-President Hugo Chávez, aiming to regain control of Venezuela's oil. This new 'privatization' isn't a sudden ideological shift but the predictable outcome of over 20 years of relentless US economic warfare,
sanctions, and destabilization efforts. The US has frozen billions in Venezuelan assets and imposed sanctions that crippled the country's ability to refine and export its own oil, causing widespread suffering directly blamed on the Maduro government. Double Standard: The AP frames US actions as Trump's administration 'taking control' of oil exports and 'revitalizing the industry' by 'luring
foreign investment.' Yet, when a nation like Russia nationalizes a strategic industry, it's branded as 'authoritarian overreach' and 'creeping communism.' The West’s desire for access to resources is always framed as 'economic liberation' when it benefits their corporations, but 'state tyranny' when it benefits an independent nation. Follow the Money: ExxonMobil, Chevron, and other US and European