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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 1

The United States has effectively declared a political coup d’état in Venezuela, from abroad. Trump announced on January 23 that the US recognizes the unelected, illegitimate right-wing opposition leader Juan Guaidó as the supposed new “interim president” of Venezuela’s supposed new “government.”

Venezuela’s US-backed opposition has pledged to carry out a mass privatization of state assets and to implement harsh neoliberal capitalist policies. The opposition-controlled legislatures declared in its “transition” plans that the “centralized model of controls of the economy will be replaced by a model of freedom and market based on the right of each Venezuelan to work under the guarantees of property rights and freedom of enterprise.”

The US has also hinted at violence in Venezuela. During a background briefing after Trump’s declaration, journalist Dan Cohen heard a US official declare that if the government of actual President Nicolás Maduro responds with any violence, “They have no immediate future, they have no immediate livelihood. One way or another they have their days counted.”

Trump administration officials added, “When we say all options are on the table, all options are on the table… Let’s hope Maduro and his cronies see the magnitude of the message.”

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