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Reopening the Veins of Latin America

Latin America is the region of open veins. Everything, from the discovery
until our times, has always been transmuted into European— or later United
States— capital, and as such has accumulated in distant centers of power.
Everything: the soil, its fruits and its mineral-rich depths, the people and their
capacity to work and to consume, natural resources and human resources.
Production methods and class structure have been successively determined
from outside for each area by meshing it into the universal gearbox of
capitalism…

For those who see history as a competition, Latin America’s backwardness
and poverty are merely the result of its failure. We lost; others won. But the
winners happen to have won thanks to our losing: the history of Latin
America’s underdevelopment is, as someone has said, an integral part of the
history of world capitalism’s development. Our defeat was always implicit in
the victory of others; our wealth has always generated our poverty by
nourishing the prosperity of others — the empires and their native overseers.

Eduardo Galeano, The Open Veins of Latin America

These two paragraphs, taken from page two of Galeano’s 1971 classic tome, pretty much sum up the basic argument of The Open Veins of Latin America: what should have been a source of strength for the region — its vast wealth of natural, mineral and energy resources — became its greatest curse, attracting the unending attentions of foreign powers.

Since Columbus’ first voyage over 500 years ago, Latin America has always served the economic interests of an imperial metropole — first Madrid and Lisbon, then Paris and London, and finally Washington. By contrast, the 13 colonies to the north had been blessed with “no gold or silver, no Indian civilizations with dense concentrations of people already organized for work, no fabulously fertile tropical soil on the coastal fringe. It was an area where both nature and history had been miserly: both metals and the slave labor to wrest it from the ground were missing.  These colonists were lucky.” (p.133).

It is a compelling argument, though one that, as Galeano himself would later admit* that he had overlooked other fundamental factors such as weak institutions and internal political and economic problems, such as government corruption.

However, Galeano did not in any way disavow the basic premise of the book (h/t Darthbobber), which quickly became a benchmark text for the Latin American left — so much so that it was banned in many of Latin America’s military dictatorships shortly after its release, including in Galeano’s native Uruguay, where he would be jailed as a dissident.

In April 2009, during the Fifth Summit of the Americas, Venezuela’s former President Hugo Chávez famously gave President Barack Obama a copy of the book. Obama had only been president for about 100 days, and Chávez may have hoped that the new occupant of the White House had sincerely meant what he had said about hope and change, and ending US wars.

Presumably, Obama didn’t even bother to read the book. If he had, he may not have issued a presidential order in 2015 declaring the situation in Venezuela an “unusual and extraordinary threat to the national security and foreign policy of the United States”. That declaration opened the way for endless rounds of crippling sanctions against Venezuela’s economy and people.

As Vijay Prashad delicately put it an an interview with Katie Halper, the United States, regardless of who is in power, “is a piece of shit when it comes to Latin America.”

However, in the past two and a half decades, something else has happened: China went global, becoming a near-peer economic rival to the US. At the turn of the century, as Washington was shifting the lion’s share of its attention and resources away from its immediate neighbourhood to the Middle East, where it squandered trillions spreading mayhem and death, China began snapping up Latin American resources.

This doesn’t mean that US-backed coups were not attempted during this period, including against Venezuela in 2002 and 2019 (both unsuccessful) and Honduras in 2009 and Bolivia in 2019 (both successful), but rather that for a brief while Washington’s leash was loosened a little (h/t Valiant Johnson).

In the first decade governments across Latin America, from Brazil to Venezuela, to Ecuador and Argentina, took a leftward turn and began working together across various fora. They also began working with China. Unlike the US, Beijing generally does not try to dictate how its trading partners should behave and what sorts of rules, norms, principles and ideology they should adhere to.

Even governments in thrall to the US, such as Milei’s in Argentina, have reluctantly embraced China’s way of doing business. Chinese trade with Latin America grew over 40-fold between 2000 and 2024, from $12 billion to $515 billion.

Now, however, as the US retrenches from some of its commitments further afield (or at least tries/pretends to), the Trump administration is looking for peoples, resources and markets closer to home to respectively exploit, plunder and crowbar open. Sadly, it seems that a new chapter in Latin America’s long history of open veins is about to be written, and unfortunately Galeano is no longer around to do it, having passed away in 2015.

Dark Shades of the Past

In the wee hours of January 3, the US carried out its first direct military intervention in Latin America since its 1989 invasion of Panama to depose the then-military ruler, Manuel Noriega. That attack resulted in the deaths of at least 3,000 people, mostly civilians. Current reports suggest that around 100 people, including 32 Cuban soldiers that were protecting President Nicolás Maduro, died in the US attacks against Venezuela in the early hours of January 3.

The attack has drawn inevitable parallels with the “capture” of Noriega as well as the Honduran army’s kidnapping and removal of President Manuel Zelaya to Costa Rica in 2009. It also bears similarities with the US’ kidnapping of the Mexican drug cartel leader Mayo Zambada in 2024. Like Zambada, Maduro may have been kidnapped by US forces as a result of insider betrayal, but there is as yet no definitive proof of this.

As Ambassador Chas Freeman said in an interview with the Neutrality Studies podcast, Maduro appears to have fallen victim to his own complacency regarding Trump’s intentions:

Nicolás Maduro discounted it too much. He seemed to believe that Trump would not be serious. The first thing to note is that the operation itself was very skilfully managed. The second is that it is entirely illegal, indecent, an atrocity really. And I think it put to an end three centuries of trying to develop a rule of law internationally.

Ret. Colonel Lawrence Wilkerson described the attack on Venezuela as the US’s biggest foreign policy blunder to date — an attack that not only put an end to international law but replaced it with chaos.

The Trump administration claims to have taken full control of Venezuela despite having no troops on the ground, apart from presumably a few special forces. The Chavista government and political system remains very much intact and in control despite the US’ extraordinary rendition of its president.

Put simply, there has been no regime change nor is there a power vacuum.

As such, the Trump administration’s claims that the US is now in full control of Venezuelan oil are almost certainly premature. What’s more, the US has not nearly enough troops in the region to mount a full-scale invasion of Venezuela, a country more than twice the size of Iraq. Even if it did, it would risk suffering a fate similar, or even worse, than it did in Vietnam, as we warned a few months ago.

The question many are now asking is how long can this new, highly precarious situation hold together, especially with Trump threatening to launch a second wave of attacks if the new government fails to comply with US demands. The answer is nobody knows. If the power centre does begin to give way, the country could descend into chaos and violence very quickly.

One thing that is known is that the Chavista government is nothing if not resilient. It has faced just about every possible form of attack from the US over the past two and a half decades, with the exception of a full-scale invasion. Yet somehow, like Cuba, it has managed to survive. In other words, it has deep wells of resolve and support. But will they hold if the US intensifies its shakedown of the government and tightens its chokehold on the economy?

In her first communication as new acting president  of Venezuela, Delcy Rodríguez struck a combative stance, alleging that the assault had clear Zionist overtones. This was apparently in reference to the fact that New York-based hedge fund manager Paul Singer, an avid supporter of Israel (and Trump) who bought Citgo, the US-based subsidiary of Venezuela’s state-owned oil company, just months ago for $5.9 billion — a sale that was forced by a Delaware court after Venezuela defaulted on its bond payments — will be among the biggest beneficiaries of a US takeover of Venezuelan oil.

Delcy also declared that Venezuela will never be the colony of an empire again and demanded the release of President Maduro. In her second address, however, she struck a more conciliatory tone:

“Venezuela reaffirms its commitment to peace and peaceful coexistence. Our country aspires to live without external threats, in an environment of respect and international cooperation. We believe that global peace is built by first guaranteeing peace within each nation,” according to a post Rodríguez wrote in Instagram on Sunday.

“We invite the US government to collaborate with us on an agenda of cooperation oriented towards shared development within the framework of international law to strengthen lasting community coexistence,” read the post.

“President Donald Trump, our peoples and our region deserve peace and dialogue, not war. This has always been President Nicolás Maduro’s message, and it is the message of all of Venezuela right now. This is the Venezuela I believe in and have dedicated my life to. I dream of a Venezuela where all good Venezuelans can come together. Venezuela has the right to peace, development, sovereignty and a future.”

Rumours of Betrayal

Some prominent Chavistas, including Eva Golinger, are clearly not happy about Rodriguez’s acquiescence, with some even using the word “betrayal” to describe her actions.

When it comes to betrayal by presidential successors, Latin America has a rich, storied history, as reader vao noted in yesterday’s comments:

The handover from Rafael Correa to Lenin Moreno in Ecuador constitutes a sobering precedent: from a leftist government that implemented quite a number of reforms favouring the working class, sovereignty in the exploitation of resources, and autonomy from the USA to one doing a 180-turn (Baerbock-360) that privatized everything, abolished social reforms, exited ALBA, accepted the yoke of the IMF, and started a steady cooperation with the USA. The former base of Correa protested heavily, and was crushed.

Moreno had been vice-president of Correa, and was member of the same party — just like Delcy Rodriguez wrt. Nicolas Maduro.

Rodríguez’s promotion also brings to mind the US-approved appointment of Dina Boluarte, Peru’s then-vice president, as president in 2022, following the removal, arrest and imprisonment of Pedro Castillo, Peru’s first ever indigenous president. Broadly reviled from the get-go, Boluarte would go on to become one of the world’s most unpopular leaders, reaching a disapproval rating of 94% before herself being impeached by Peru’s Congress late last year.

A Loaded Gun to the Head

For the moment, there is no conclusive evidence that Delcy betrayed Maduro, at least that I’m aware of. Things are moving exceptionally fast, reliable information is scarce, even in the Spanish-speaking press, and the dust has not even settled from the US’ January 3 attack. Also, in Delcy’s defence, what else could she do?

She currently has a loaded gun pointed at her head. Trump himself, in full New York mobster mode, said she could “pay a very big price, probably bigger than Maduro”, if she doesn’t comply with US demands, including giving US corporations “total access” to “the oil and other things”.

In other words, the president of the United States is openly threatening to assassinate the head of state of a sovereign nation, just as Israel has been doing. At the same time, the US’ naval blockade is beginning to asphyxiate the Venezuelan economy.

Delcy and her brother, Jorge, the president of Venezuela’s National Assembly, are arguably the most powerful duo in Venezuela. Besides vice president, Delcy has served as energy minister as well as foreign minister and played a key role overseeing the day-to-day management of Venezuela’s COVID-19 response. In short, she is internationally connected and competent.

What’s more, the two siblings know from first-hand experience just how high the stakes can go in US-led power struggles in their native country: their own father, Jorge Antonio Rodríguez, a student leader and left-wing politician, was tortured to death by Venezuela’s US-controlled security forces in 1976 at the tender age of 34.

Two things we know for sure: Nobel War Prize winner María Corina Machado has been left out of the equation by both Trump and (a presumably reluctant) Marco Rubio, at least for the foreseeable future. Trump said that while Machado was a “very nice woman,” she “doesn’t have the support within or the respect within the country” to lead Venezuela.

As we have been warning over the past month or so, there is no way the Venezuelan people, including many opposition supporters, would accept a Machado-led government, especially after Trump’s announcement in December that Venezuela’s oil effectively belongs to the US. She is broadly seen as a traitor to her country, even by opposition politicians and voters.

This lesson may hold a sliver of hope for Latin America. As Trump careens his way through the region, threatening its governments and insulting its peoples, other governments in thrall to US interests may become equally reviled by voters.

There are apparently other reasons for Washington’s dropping of Machado, including Trump’s wounded pride…

In abandoning Machado, Edmundo González and most other members of Venezuela’s rent-an-opposition, the Trump administration has infuriated elements of Spain’s Conservative Right, including José María Aznar’s FAES foundation, which has invested lots of political and financial capital propping them up. And that in turn appears to be causing a split in Spain’s right-wing bloc. And that’s at least one positive to take from all this.

The second thing we know for sure is that Latin America now faces a new wave of US gangsterism and resource plunder — one that has even less regard for things like national sovereignty, international law and human rights. While this new wave may be led and personified by Trump, behind him is the full weight of the US energy and military complexes as well as the Tech bro billionaires, who are looking not only for resources to plunder but also new freedom cities to seed, just like Prospera Inc. in Honduras.

The attack on Venezuela was the first real manifestation of the so-called Trump corollary to the Monroe Doctrine. Said corollary, as outlined in the recently published National Security Strategy document, asserts Washington’s right to “restore American pre-eminence in the Western Hemisphere,” and to deny “non-Hemispheric competitors” — primarily, China — “the ability to position forces or other threatening capabilities, or to own or control strategically vital assets.”

Those vital assets apparently include Venezuela’s vast oil reserves, which Trump cannot stop talking about. However, as Yves pointed out in her post yesterday, “wringing more production out of Venezuela’s oil fields would require a long period of investment before any real payoff took place.” And that investment is likely to run into the tens of billions of dollars.

Trump has also stated that while his government would open Venezuelan crude only for US companies, he expected to keep selling crude to China, which currently consumes most of Venezuela’s small (but recovering) output.

A Treasure Trove of Strategic Minerals

But oil isn’t the only strategic resource lying under Venezuelan soil. The country is also home to the fourth largest gold reserves on the planet and eighth largest natural gas reserves, as well as a treasure trove of critical minerals (bauxite, iron ore, copper, zinc, nickel and even rare earth materials). However, as Investor News points out, these critical mineral riches remain largely theoretical – geological possibilities rather than proven, bankable reserves:

Yet despite this vast resource wealth, commercial extraction is negligible. Minerals such as coal, lead, zinc, copper, nickel, and gold each account for less than 1% of Venezuela’s output (Ebsco.com), and there are no major foreign mining projects on the ground…

Due to a chronic lack of infrastructure, investor-friendly regulations and up-to-date exploration data, commercial extraction is negligible, notes the Investor News piece. Minerals such as coal, lead, zinc, copper, nickel, and gold each account for less than 1% of Venezuela’s output, and there are no major foreign mining projects on the ground. At least not yet.

However, Wall Street funds are apparently already eying opportunities in the country, reports the Wall Street Journal. The kidnapping of Maduro has apparently sparked renewed interest in unlocking Venezuela’s abundant natural resources:

Some on Wall Street are already considering possible investment opportunities in Venezuela following the capture of Nicolás Maduro, according to Charles Myers, chairman of consulting firm Signum Global Advisors and a former head of investment advisory firm Evercore.

Myers said in an interview he is planning a trip to Venezuela with officials from top hedge funds and asset managers to determine whether there are investment prospects in the country under new leadership. The trip will feature about 20 officials from the finance, energy and defense sectors, among others, Myers said. The tentative plan is for the group to travel to Venezuela in March and meet with the new government including the new president, finance minister, energy minister, economy minister, head of the central bank and the Caracas stock exchange.

And lest we forget, the Trump corollary is as much about trying to shut out the US’ strategic rivals — namely China, Russia and Iran — from strategic resources on the American continent as it is about the US getting its own dirty, blooded hands on them. And as we reported some time ago, China had begun to invest a lot in Venezuela’s oil sector, including in local refineries.

Put simply, the spice must not be allowed to flow to US rivals. Here we have the US ambassador to the UN saying exactly that yesterday:

This may sound vaguely familiar to long-standing NC readers, since a similar message was sent three years ago by the former SOUTHCOM commander, general Laura Richardson, in her address to the Atlantic Council.

In the speech Richardson relayed how Washington, together with US Southern Command, is actively negotiating the sale of lithium in the lithium triangle to US companies through its web of embassies, with the goal of “box[ing] out” our adversaries — i.e. China, Russia and Iran.

Which begged the question: what would happen if the US was unable to “box out” Russia and China, especially given the explosion of Chinese trade and investment in the region? Richardson answered as follows (emphasis my own): “in some cases our adversaries have a leg up. It requires us to be pretty innovative, pretty aggressive and responsive to what is happening.”

As we noted at the time, the US was essentially rejigging its Monroe Doctrine for a new age — an age in which it was rapidly losing economic influence, even in its own “backyard” — in order to apply it to China and Russia. At more or less the same time, the Biden administration signed, to minimal fanfare, a “minerals security partnership” (MSP) with some of its strategic partners, including the European Union, Canada, Australia, Japan, the Republic of Korea and the UK.

In a press statement, the US Department of State said:

“The goal of the MSP is to ensure that critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realise the full economic development benefit of their geological endowments.”

As NC reader Sardonia put it sardonically, this is “surely some of the most polite language ever heard from someone holding a gun to someone else’s head as they demand the contents of their victims’ purse.” The US describes the partnership as a coalition of countries that are committed to “responsible critical mineral supply chains to support economic prosperity and climate objectives.” Reuters offered a more fitting description: a “metallic NATO.”

The Trump administration is merely taking this approach to a whole new level, and doing so in the crassest, most dangerous possible way. After kidnapping Maduro and his wife, Cilia Flores, just two days ago, the Trump administration will presumably be returning its attentions to the Panama Canal and Greenland. Trump has already made direct threats against the governments of Cuba, which depends heavily on Venezuela’s commandeered oil, Colombia and Mexico.

Senator Lindsay Graham is hardly able to contain his glee as Trump tells reporters that “Cuba is ready to fall”, and that there are “a lot of great Cuban Americans that will be happy about this”.

Here is Rubio, again, explaining that while the US (apparently) doesn’t need Venezuelan oil, China, Russia and Iran certainly shouldn’t be getting their hands on it.

On Sunday, Trump told reporters on Air Force One:

“Colombia is governed by a sick man, who likes to make cocaine and sell it to the United States, but he is not going to continue for much longer, let me tell you.”

When asked by a reporter if Washington is considering “an operation like the one in Venezuela,” Trump did not rule it out: “It sounds good to me.”

Trump has also threatened, once again, to attack Mexico in recent days, prompting a stinging rebuke from President Claudia Sheinbaum:

We categorically reject intervention in the internal affairs of other countries. The history of Latin America is clear and compelling: Intervention has never brought democracy, has never generated well-being or lasting stability.

Five Latin American states (Mexico, Brazil, Colombia, Uruguay and Chile) issued a joint statement with Spain’s Pedro Sánchez government rejecting the US’ unilateral military operations in Venezuela, describing them as violations of international law and warning of the risk to regional peace.

This is a tiny fraction of the total number of countries in Latin America and the Caribbean (33). As always, Latin America is sharply divided between pro-US national governments and more independent-minded ones. However, populist right-wing parties are having more success at the ballot box, in part because of Trump’s threats of dire consequences if voters support other parties, as we have already seen in Argentina and Honduras.*

It remains to be seen how the US’ naked aggression in Venezuela will play out among voters in Colombia and Brazil, where elections will be held this year. Meanwhile, as Spain’s El Diario recently reported, while the US has escalated its war of aggression against Venezuela, the White House has been discreetly signing security agreements with other countries that will allow it to deploy soldiers in Latin America and the Caribbean:

In recent weeks, the United States has struck military deals with Trinidad and Tobago, Paraguay, Ecuador, and Peru, as the Trump administration announced blockades of sanctioned oil tankers, ordered the seizure of ships, and launched the airstrikes that have killed more than 100 people in the Caribbean and Pacific. In addition, Washington has opened a new phase in its campaign against Maduro with CIA attacks inside the country.

The agreements range from access to airports, as in the case of Trinidad and Tobago, to the temporary deployment of U.S. troops in joint operations against “narco-terrorists,” as in Paraguay. They are being signed under the banner of the so-called “war on drugs,” the same justification that Washington uses for its offensive against Venezuela, although White House officials and Trump himself have said that toppling dictator Nicolás Maduro and seizing the country’s gigantic energy reserves are also among the objectives.

But even that narrative is now being discarded — at least for Venezuela. Now that Maduro is in a New York prison awaiting trial, the US Justice Department has quietly dropped its claim that Venezuela’s “Cartel de los Soles” is an actual group.

As we warned from the very beginning of the US’ deployment of troops in the Caribbean, the US’ rapidly escalating war on the drug cartels is nothing but a handy pretext for another wave of resource grabs in a region the US has always seen as its own backyard:

This forever war has about as much to do with combatting the narcotics trade as the forever wars in Iraq, Syria, Libya and Afghanistan had to do with combatting Islamist terrorism.

After all, the US is arguably the largest enabler of drug trafficking organisations on the planet while it wages a Global War on Drugs, just as it has been arguably the largest supporter of Islamist terrorist organisations while waging a Global War on Terror. Both types of organisations have proven to be useful allies in the pursuance of US imperial ambitions (e.g. the Colombian and Mexican cartels during Nicaragua’s Contra insurgency in the 1980s, or the Al Qaeda offshoots in Syria) while also serving as handy pretexts for military intervention.

In the following clip, Erik Prince, the founder of Blackwater, sums up the (not exactly) new brand of imperialist thinking underpinning the Trump administration’s naked expansionist goals: if the natives can’t manage their own resources, we’ll just have to do it for them. Then, after plundering the mineral resources of the region’s countries, the US can turn around and blame them for being poor.

But just because Washington covets Latin America’s resources does not mean it will actually get them. As Yves documented yesterday, it will take years of investment and (at least) tens of billions of dollars for Venezuelan oil to be even close to ready to be exploited in serious volumes. Few companies are likely to be willing to part with that sort of cash, especially in light of the fact that Washington does not control Venezuelan territory, even at a figurative level.

However, Trump just announced that it will be the US government that will be doing the spending (h/t JD). After all, socialising private sector losses — and now, large scale investments overseas — while privatising profits is now the model of US governance. Exxon Mobil, for example is under investigation in the US Senate over allegations that US taxpayers are unknowingly subsidizing the oil giant’s lucrative operations in neighbouring Guyana.

As the Guyana Business Journal reported in September, ExxonMobil is essentially claiming US tax credits for taxes on oil revenues that the Guyana government itself pays on the company’s behalf, rather than taxes the company actually pays itself. In other words, Guyana pays Exxon’s taxes, which Exxon then claims back from the US government. Keep in mind that Exxon is almost certainly one of the oil companies Marco Rubio says will be helping to rebuild Venezuela’s oil sector — apparently for the benefit of the Venezuelan people.

In the end, the US will fail in its attempt to take over the American hemisphere, lock, stock and, ahem, barrel, due in large part to the Trump administration’s abject inability to plan for complex situations — it can’t even run its own government departments let alone others’. However, it is perfectly capable of sowing a vast trail of devastation and bloodshed in its wake, just as US governments have been doing in the region for the best part of the past two centuries.

 


* In 2014, Galeano partially disavowed Open Veins…“, saying in a speech in Brasilia that he would never read [the book] again, because if he did, he would faint.According to Galeano, the book was written in a tedious style, using the doctrinal tone of the traditional left. He also added that in those early days of his career, he didn’t know enough about politics and economics to write a book of such scale and scope.

That said, Galeano did not disavow in any way the basic premise of the book. A few months after the speech, he made the following clarification in an interview (h/t Darthbobber):

“The book, written ages ago, is still alive and kicking. I am simply honest enough to admit that at this point in my life the old writing style seems rather stodgy, and that it’s hard for me to recognize myself in it since I now prefer to be increasingly brief and untrammeled.”

It takes rare humility for an artist of any kind to make such a frank admission about one’s work, especially one’s best known work, and especially in the twilight years of one’s life. For interested readers, here’s a link to a full copy (in English) of The Open Veins of Latin America, which includes a foreword by Isabel Allende. It’s well worth the effort.

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36 comments

  1. JD

    Didn’t the US president say today that, yes, US taxpayers would be paying in part for the reconstruction of Venezuala? I wonder how that will go down with the US people?

    Reply
    1. Micharl Fiorillo

      The assumption must be that, US-ians having passively taken s*^# for so many years, they’re now willing to eat it.

      Reply
    2. Nick Corbishley Post author

      Just updated. It’s extremely hard to keep up with this speed and breadth of events. Thanks for the heads-up, JD.

      Reply
    3. ChrisRUEcon

      > I wonder how that will go down with the US people MAGA base?

      Substitution mine …

      This is Trump working the crowbar deeper into the widening crack that separates #AmericaFirstMAGA from #i5RA3LFirstMAGA.

      At this point, he’s working for post-presidency-patronage points.

      Reply
  2. Nat Wilson Turner

    Thanks for this. What a sickening situation. The history of Latin America is so depressing. So far from God and so close to the United States, as they used to say about Mexico.

    Reply
          1. Meechy Darko

            out govt is seemingly betting that Trump’s carnage can clear the field for a future admin to reimpose an outwardly liberal hegemony, hanging the prior 4 years around the neck of the outgoing admin.

            for all the appetite among many canadians to “derisk” from the US, our govt is doing anything but in the fields of energy, security, manufacturing, and basic research.

            Despite Mexico’s deep intertwining with the US economy it has still taken pains at various points to pursue autonomous development, to the point that the US vocally criticized it. I don’t see anything even remotely resembling that, however limited it may be, as on the table in Canada.

            Seems that Trump’s addled brain and the fascist zeal of his toadies might be factors which the vassals overestimate their ability to manipulate. It makes sense that outwardly, the govt would not harshly criticize US lawlessness, but that cynical, foolhardy calculus might explain the lack of urgency internally—a stark contrast with the public’s deep concern about the rogue character of the US today.

            Reply
  3. lyman alpha blob

    The hypocrisy of what passes for USian leadership has truly reached Denalian heights. I’m sure it’s obvious to NC readers, and I will just point out that hypocrisy gets you all the way down to the 8th circle of hell, just one ring away from being crushed in Old Nick’s fetid maw for eternity. Dealing with all this illogical gaslighting makes the head hurt – I can see why Dante placed them so low down.

    One miniscule silver lining to all this – what with the US explicitly announcing who will be allowed to trade with whom, and Trump saying the US taxpayer will be footing the bill for Venezuelan development rather than private business, perhaps it will become clearer to the public at large that the “free market” does not exist, and never has.

    Reply
  4. Carolinian

    Thanks for the great report. For a long time now the Dem version of the left has been going on about Hitler/fascism/Munich and now that fascism is here they cluck about “dictator” Maduro (or “dictator”Putin) while ignoring the real dictator which is the TINA ruling class of which they are a part. The Dems did object back in the 1980s to Reagan and Iran/Contra–with press support although the MSM was a lot less enthusiastic than they were about Watergate.

    Meanwhile the fascist strain has always been present in the Republican branch since they represent the wealthy and the rich often get rich–the easiest way–by exploiting and bullying the poor.

    But it’s still true that America is not depression era Germany and the rapidly aging and incompetent Trump is not even Hitler. The above is likely correct that the current chaos will not be able to sustain itself over the long term. That process may be hastened if the “left” will finally drop their oh so supine appeasement.

    Reply
  5. JMH

    Another “No Kings” parade? Nope
    Letters and calls and emails to congress? You have to be kidding.
    Maybe Newsom or Harris or Obama or Clinton will chime in? None pass the laugh test.

    Donnie has showed us exactly what kind of people he represents. What kind you ask? The kind to whom might makes right. The kind who know exactly when to see nothing, hear nothing, say nothing. The kind who know they have done or would do as he has done but with more finesse. After all it’s nothing personal, only business.

    Reply
  6. Eclair

    It is driving me crazy, as I read the daily posts by Dem-writers Heather Cox Richardson, Mary Geddrey, and, now, Heather Delaney Reese, how they tsk-tsk the Trumpian Cinemascope Box-Office hit on Maduro and his wife, but always always preface it with, ‘well, Maduro is an illegitimately-elected evil dictator who ground his country-men and women into poverty,’ never mentioning previous US meddling and attempts at regime change or, heaven forbid, the US economic sanctions.

    Even my congressional rep, Pramila Jayapal, did it in her announcement. I sent a ‘sternly-worded’ email, although I did praise her for actually saying the kidnapping was a breach of international law. I’ll probably be put on a list somewhere.

    Reply
    1. lyman alpha blob

      Just yesterday after listening to either Nima or Judge Nap and their guests, I failed to hit ‘stop’ and had a video of the execrable Heather Cox Richardson jawboned at me where she said exactly what you describe. Not sure what machinations got her promoted all over the youtube in recent weeks, but the google algo clearly does not like us listening to things that go against US government dictats. Probably thanks to one of those Obamabot advisors who went to work for big tech that came up with the oh so brilliant ‘nudge’ technique.

      Reply
  7. Adams

    Thanks for this, Nick. I will distribute to acquaintances who are struggling to put the most recent atrocities of Trump’s gang of twisted sociopaths into some context without an in-depth knowledge of US meddling in the hemisphere. I read Venas Abiertas half a century ago in Spanish after spending three years studying, backpacking, and chatting with everyday people in Latin America. It was written clearly and directly, so that I understood it well enough for it to resonate with my “boots on the ground” experience. Among other favorites at the time were Paulo Freire, Octavio Paz, and Andre Gunder Frank. The latter’s ability to express complex development economics (PhD Chicago) in accessible language made his writings on “El desarollo de subdesarollo” broadly available to the general public.

    Returning to the US I did grad work in economics, but dropped out when I discovered nothing that treated development (a total hash, Wallerstein?)and distribution (Dobbs, but he was lonesome) in any depth. That has changed somewhat re: distribution (eg Piketty and Saez), but it doesn’t really matter, does it? The ghouls march on, regardless.

    Your post brings back memories. But, basta. Still have my day job.

    Reply
  8. ISL

    Thanks, Nick, I tend to find the x tweet thread as a serious, compelling description of the infrastructure costs needed to “get the oil” from Venezuela, putting it at closer to a trillion (think Marshall Plan) while the US domestic infrastructure decays – build overseas infrastructure to block China, without vast Chinese under an expanding licensing regime. Sure, that’s a plan!!!

    https://x.com/ShaleTier7/status/2007936384448024898

    At the end of the day, can the US refine the resources the Donster plans to reclaim? Its not as if the US is graduating mining or petroleum engineers (why would it there are no jobs?). The Chem Eng Dept of UCSB (was #7 at one pt) is largely biotechnology. No Professors, no students, no engineers, no industry, and one might as well leave the rocks in the ground (and invest in the financial engineering).

    Reply
    1. Darthbobber

      His “partial disavowal” was followed but a few months later by this clarification in an interview: “The book, written ages ago, is still alive and kicking. I am simply honest enough to admit that at this point in my life the old writing style seems rather stodgy, and that it’s hard for me to recognize myself in it since I now prefer to be increasingly brief and untrammeled.”

      And those who opine that “open veins” was inattentive to the role of the comprador bourgeoisie (and the big landowners, often the same people) or ignored the corruption and “unwillingness to share” must have given the work little more than a cursory glance. It’s pages are replete with discussions of such things.

      Stylistically, he did abandon the “political economy” text scaffolding, and the brilliant Memory of Fire trilogy, plus Days and Nights of Love and War and Upside Down, I’d describe as a sort of Poetry-Journalism-History mashup. All well worth reading.

      Reply
      1. Nick Corbishley Post author

        I have changed the wording (“unwillingness to share”) to the words used by Revista Factum (“the unwillingness of the ruling classes to contribute to the development of more democratic and egalitarian societies”). I can assure you that when I read the book 23 years ago, during my travels down the Andes, I gave it more than a cursory glance. But it was a long time ago, and my Spanish was not what it is today, and my memory today is not what it was back then. In more recent years I have read the Memory of Fire trilogy, El Libro de Los Abrazos, and Mujeres, and they offer, as you say, a beguiling mix of poetry, journalism and history, much of it social.

        Reply
        1. Darthbobber

          Oh, he was well aware of the ruling classes’ unwillingness to contribute to those things. It greatly impacted him and all other left intellectuals, forcing his hurried relocation from several countries, periods in hiding, and the disappearances of friends and acquaintances. Days and Nights of Love and War iis, among other things, a personal memoir of one who lived through the “dirty war”.

          Reply
  9. Kouros

    “By contrast, the 13 colonies to the north had been blessed with “no gold or silver, no Indian civilizations with dense concentrations of people already organized for work, no fabulously fertile tropical soil on the coastal fringe. It was an area where both nature and history had been miserly: both metals and the slave labor to wrest it from the ground were missing. These colonists were lucky.””

    Actually, people living in those areas did not suffer from hunger and the level of liberty among the natives comparative to the colonists was legendary! Wasn’t Benjamin Franklin complaining in some letter that the colonists that fell to the natives did not want to return, including the women…

    Reply
    1. Nick Corbishley Post author

      I don’t think he meant to say that North American natives suffered from hunger or had no liberty, but rather that there wasn’t the same mineral or food abundance, or densely populated civilisations, as there was in parts of Mexico, Central America and the Andean region.

      Reply
      1. Darthbobber

        And by the time of the English and Dutch arrivals on the coast, the indigenous population was about 2/3 of its peak, due to various diseases probably transmitted via trade and contacts with the areas infected by the Spaniards.

        Reply
  10. Sub-Boreal

    I was puzzled to read above that Chile was one of the 5 Latin American governments issuing a joint statement criticizing the USian meddling in Venezuela. I thought that they just elected an ultraRW President who presumably must be delighted to see Maduro deposed. Or has the new guy not been sworn in yet?

    Reply
    1. Nick Corbishley Post author

      Boric is still currently in office, don’t know till when. In fact, I myself am surprised that he agreed to sign the joint statement given his government’s shocking track record on foreign policy, including regarding Venezuela. The incoming guy, José Antonio Kast, is fully behind Trump’s attack, which is hardly any surprise given his general proclivities.

      Reply
  11. Guilherme Kujawski

    This excerpt points to what many analysts are claiming: the US invasion of Venezuela is not a question of oil, but of petrodollars, of maintaining the standard in order to keep the dollar strong and thus roll over the debt.

    > Trump has also stated that while his government would open Venezuelan crude only for US companies, he expected to keep selling crude to China, which currently consumes most of Venezuela’s small (but recovering) output.

    Reply
  12. ChrisRUEcon

    Thanks for this write-up, Nick.

    Lots of great points to applaud and note:

    #Galeano
    Had cause to look up one of my term papers from grad school – Economics of Development course. The chapter on the splendors of Potosi was one I quoted from. Great, great read.

    #ThxObama
    I can never pass up an opportunity to throw shade Too-Tall-Jones’ way. Family-blogging fraud. Thanks for that perfectly placed paragraph to remind everyone how undeserving he is of #ShitLib hagiography.

    #Betrayal
    Thanks for including vao’s comment! I recall Ecuador’s “180”well , executed by a dude named Lenin, no less! #LawdAveMercy

    I am having a hard time believing that someone who’s father was off’d by the CIA would acquiesce completely to vassal status. I prefer to believe that it is a case of “living to fight another day”. Team Trump may have won the battle, but they stand to lose the (larger) war even more because of this “win” – a view supported by the Wilkerson excerpt.

    #MaduroMistakes
    I believe that Maduro made his own bed by not working hard enough or smart enough to get around the various iterations of sanctions with partners like Russia and China over a longer period of time. Look at how Russia has survived US/EU sanctions in shorter shrift. Venezuela has had the US boot on its neck for far longer. In that regard, I am genuinely interested to see what Delcy will do with this tenuous Trump peace dividend.

    Reply
      1. ChrisRUEcon

        Fair w.r.t. getting around sanctions.

        However, my use of the term “partner” was not meant to impart similarity or sameness of political/economic system. It was meant to suggest aligned interests against US hegemony. Perhaps, I can lay blame on China and Russia as well for not trying to do more. Your comment is timely – within the last couple hours:

        U.S. tries to seize Russian-flagged tanker linked to Venezuela

        What next?

        Reply
      2. Eclair

        The South American continent is ‘balkanized.’ Or, ‘europized.’ Too bad the countries have not paid attention to Ben Franklin’s off the cuff comment about either hanging together or hanging separately.

        Reply

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