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And it turns out the Bloomberg article was basically correct. Venezuelan crude is being taken over by US intermediaries and then sold to Israel and India, with the proceeds being held in a Qatari account to be released by as the US sees fit. The US will take a cut and they will veto the money if Venezuela ever goes against the US. It's fully captured now.
In my echochamber, Maduro isn't the only socialist in Venezuela, and him being reversibly being taken out of the picture doesn't mean that the sky is falling.
Never suggested that was the case. But the leadership of the government are acting functionally as compradors and that's the material reality. You can't be a colony and a revolution at the same time
You're saying that the control of oil exports being seized by force by the US is identical to the defeat of the Bolivarian Revolution outright and that the US got everything it wanted out of their attack in January. You're claiming that the Venezuelan leadership has betrayed the revolution at home and in particular in regards to Cuba. All of this is wrong.
Yes, of course, the seizing of the Venezuelan oil industry is a defeat. It is a colonial theft of sovereignty over resources that strengthens the US position and weakens the Venezuelan and Cuban positions. This is not the same thing as the defeat of the revolution and it obviously falls short of what the US's maximalist goals were.
Regarding the latter point, the US has not removed the PSUV from power or placed in power a compliant compraror leadership. Rodriguez and the rest of the leadership have not handed over oil control - they have lost it militarily and for the time being have no means to do anything but accept the meater pittance they'll receive from oil revenue. But there are no major oil companies outside of Chevron willing to invest because they have absolutely no faith in the US's ability to retain and stabilize that control in a way that they can profit from. Only a total seizure of state power and a subjugation of the entire revolution would achieve that. So the current situation is not dramatically different from the previous status quo - only Chevron freely exports, and the US directs where that oil goes. Venezuela receives a much smaller stream of oil revolution than they should. This is not a massive change. The biggest change is the blocking of oil to Cuba, but that is not a betrayal by Venezuela - it's just a fact that they cannot penetrate the US naval blockade. The US has no meaningful control on the ground.
And that leads into the former point - that the revolution has been defeated. The Bolivarian Revolution was never about oil. Oil, as the supreme global commodity and Venezuela's key resource, played a critical role in financing the revolution in its first decade. But the revolution was not just a pipeline of oil money to the people - it was and remains a society-wide effort of socialist construction, and absolutely nothing indicates that's changing. The Bolivarian Revolution is not a top-down affair, but one of the working and oppressed masses building collective and communal economic power with the assistance of a revolutionary state. That remains the case. And the strangling of oil revenue didn't start in January 2026 but over a decade ago with the US's brutal blockade of the country, which cratered all oil revenue and crippled the capacity of the state to financially support the grassroots movement.
How did the revolution respond to the blockade? With the communal movement. Venezuela began to restructure its economy away from both private and state ownership to communal ownership. Following Chavez's literal dying wish, the Venezuelan people, with only limited state involvement, have achieved strides in socialist construction not yet seen in human history. They already weaned themselves of total dependency on oil and adapted to a long-existing reality of low and unreliable oil revenue. The economic crisis there has been successfully managed for years due to the communal movement.
When you say the revolution is dead and compradors are in charge, you're taking a single US military victory and extrapolating it to an entire political system change that simply isn't borne out by the evidence. Venezuela remains under siege. Perhaps they can maneuver in this situation to secure more oil revenue than they could under the prior phase.
Your take is completely undialectical because it a surface kevel reading of a single portion of the revolutionary process at a single point in time as indicative of the entire societal transformation that is already 25 years underway. The revolution is not dead until both the revolutionary state and the communal movement are defeated, and for now all we see is that the state has taken a painful but by no means fatal blow.
They've lost control indefinitely. There is no end date on this agreement. US now controls their oil revenue funds and can veto 50% of the state budget arbitrarily. I'm sorry, but this is total defeat. The oil was the whole ball game. This is now a colonial relationship.
No it fucking wasn't, that's my whole point. Your obstinance and ignorance about this is why everyone's disagreeing with you. You are reducing everything to a single commodity. The oil revenue was already gone! Venezuela already didn't have practical sovereignty over their oil exports. The specifics have changed and worsened, but this is not fundamentally new territory.
It was Venezuela, not me, that made a single commodity rule their entire economy. A foreign power controlling 50% of state budget and being able to veto it, forcing any future concessions, is the whole ball game. Everyone is disagreeing because they are coping, just like they did with Syria and Hezbollah on here.
The specifics have changed and worsened to such an extent that the relationship has fundamentally changed.
It's not 2015 anymore, but you've dug in your heels. You're not going to listen to anyone explaining the way Venezuelan socialism has already overcome dependence on oil revenue, and I don't even think it's political; you're just being a contrarian dick.
50% of state budget comes from oil. That is not something that you can just handwave away. The already struggling systems will enter total collapse if that revenue is ended. USA holds a sword of damacles over them. Now, infinite concessions ahead as America has got their wedge
I'm actually being quite reserved and polite considering the insults that are being hurled here at me, while I've not insulted anyone else other than saying generally this forum is full of cope
There is no colonizer to get rid of, they are being bullied from the outside and don't have the means to stand up for themselves against an openly genocidal fascist regime which will bomb them every day forever if they resist. Continuing to exist as a state and build socialism without being bombed every day is actually the preferable situation by the people who would be getting bombed, go figure.
Colonization doesn't require a physical occupation. Financial and trade agreements are sufficient. You should know this but you're acting like you don't know what neo-colonialism is for some reason.
They no longer have sovereignty over their budget, with oil revenues able to be withheld on a whim. They have no ability to pursue any socialist policies within these constraints, and no ability to act in an anti-imperialist manner.
You can keep making stuff up, every time our resident ultra disappears a new one appears like clockwork, so keep filling the void
Again, I'm the one making arguments based in trade, resources and material conditions. All you do is make polemical idealist assertions and insults.
But you aren't, you are extrapolating your entire premise from two companies getting licensed to get around US sanctions. You are making 90% assumptions about the state of the Bolivarian revolution off information about two companies
No I'm describing the reality that Venezuela is in right now, which is that their entire economy and government is dependent on oil revenue and they lost control of their oil revenue and it's withheld in a US controlled fund