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A similar hike in domestic fuel prices by former president Carlos Perez in 1989 ignited mass riots and brutal repression in the capital city in an incident known as the Caracazo, or “Caracas smash”.
It was followed by an attempted coup.
In reality, millions of Venezuelans have seen their living conditions vastly improved through the Bolivarian process. The problems plaguing the Venezuelan economy are not due to some inherent fault in socialism, but to artificially low oil prices and sabotage by forces hostile to the revolution.
Starting in 2014, the Kingdom of Saudi Arabia flooded the market with cheap oil. This is not a mere business decision, but a calculated move coordinated with U.S. and Israeli foreign policy goals. Despite not just losing money, but even falling deep into debt, the Saudi monarchy continues to expand its oil production apparatus. The result has been driving the price of oil down from $110 per barrel, to $28 in the early months of this year. The goal is to weaken these opponents of Wall Street, London, and Tel Aviv, whose economies are centered around oil and natural gas exports.
Chavez took office on a platform advocating a path between capitalism and socialism. He restructured the government-owned oil company so that the profits would go into the Venezuelan state, not the pockets of Wall Street corporations.
originally posted by: ketsuko
a reply to: AndyFromMichigan
You think Maduro will be allowed to live?
originally posted by: dojozen
a reply to: AndyFromMichigan
Things were going good for V and getting better and now an invasion is being discussed, sounds like Iraq.
Wonder if the CIA had a hand in torching the statue?
A similar hike in domestic fuel prices by former president Carlos Perez in 1989 ignited mass riots and brutal repression in the capital city in an incident known as the Caracazo, or “Caracas smash”.
It was followed by an attempted coup.
In reality, millions of Venezuelans have seen their living conditions vastly improved through the Bolivarian process. The problems plaguing the Venezuelan economy are not due to some inherent fault in socialism, but to artificially low oil prices and sabotage by forces hostile to the revolution.
Starting in 2014, the Kingdom of Saudi Arabia flooded the market with cheap oil. This is not a mere business decision, but a calculated move coordinated with U.S. and Israeli foreign policy goals. Despite not just losing money, but even falling deep into debt, the Saudi monarchy continues to expand its oil production apparatus. The result has been driving the price of oil down from $110 per barrel, to $28 in the early months of this year. The goal is to weaken these opponents of Wall Street, London, and Tel Aviv, whose economies are centered around oil and natural gas exports.
Chavez took office on a platform advocating a path between capitalism and socialism. He restructured the government-owned oil company so that the profits would go into the Venezuelan state, not the pockets of Wall Street corporations.
www.mintpressnews.com...
originally posted by: AndyFromMichigan
The media in America is doing its best to ignore the complete meltdown in Venezuela that's been caused by its socialist regime. But the alt media is still watching, and it looks like things might be coming to a head.