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US admiral to retire amid military strikes in Caribbean and tensions with Venezuela
(www.theguardian.com)
this post was submitted on 17 Oct 2025
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Ok but capitalist interests like Kraft literally want to reinstate capitalism in Venezuela so that they can re privatize their oil industry and put it back into the hands of foreign private interests. It’s a big part of it.
Reopening Venezuela to the global markets is certainly a part of it, but "stealing their oil" isn't. It's more about the fact that they're a thorn in America's side, by not being part of the established political order, and calling themselves Socialist. It's just all politics, and balancing coalition interests with public image.
Though, they wouldn't really be "reinstating capitalism" either, just reopening them to markets and (hopefully, from their perspective) privatizing parts of the economy. Or, more specifically, bringing them into the global investment capital system. Venezuela only ever really nationalized a few key industries, there aren't giant worker-enterprizes to disassemble, like in the Russian Civil War. It's a much easier transition, and still, in pursuit of domestic political capital, not resource rights.
What always got me with Venezuela, and why I read a couple books about it, was that they aren’t even that staunchly socialist. They nationalized A FEW KEY INDUSTRIES. That’s why I became curious about it. Obviously there’s the whole “we can’t have socialist countries existing without abject poverty” schtick that the states likes to do, but it is largely because the private oil interests that dominated the country want back in, and probably a personal vendetta with how Chavez removed them.
Which, by the way? How he did that? cheffs kiss