US backs coup in oil-rich Venezuela, right-wing opposition plans mass privatization and hyper-capitalism
The US has effectively declared a coup in Venezuela. Trump recognized unelected right-wing opposition leader Juan Guaidó as new “president,” who plans mass privatization and neoliberal capitalist policies. by Ben Norton Part 3 - Opposition Plans for Privatized ‘Free Market’ Economy While supporters of regime change in Venezuela insist this blatantly undemocratic move is necessary to “defend democracy,” make no mistake, the upheaval is clearly not motivated by resistance to authoritarianism. Venezuela, which has the world’s largest oil reserves and has challenged the hegemony of the US dollar, has long been a target of US aggression. In 2002, the United States supported a military coup that briefly ousted democratically elected President Hugo Chávez and replaced him with the right-wing oligarch Pedro Carmona. US intervention, including crippling economic sanctions, has only continued since then. Elements of Venezeula’s opposition have portra