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 portrayed themselves to credulous foreign observers as “social democratic,” but their real intentions are very clear: The opposition-controlled legislature has demanded mass privatization of state assets and a return to a capitalist oligarch-controlled economic system built on “property rights and freedom of enterprise.”

In 2017, the Venezuelan government declared the creation of the Constituent Assembly, to rewrite the constitution. Venezuela’s opposition refused to recognize this body and boycotted the elections. The opposition instead remained in control of the National Assembly and decided to run it as a separate parallel legislature.

The opposition-controlled National Assembly drafted a “transition” law that openly outlines what policies the opposition, led by Juan Guaidó, would pursue in its illegitimate, US-recognized “government” in Venezuela. Analyst Jorge Martín, explained what this means in an article published by VenezuelaAnalysis:

The “transition law” drafted by the Assembly National (in contempt) is explicit about the central objectives of the coup in the political and economic field:

“[C]entralized controls, arbitrary measures of expropriation and other similar measures will be abolished… For these purposes, 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.”

In other words, the nationalised companies will be returned to their former private owners (including telecommunications, electrical, SIDOR, cement, etc), as will expropriated landed estates. It is noteworthy that there is a lot of talk of property and business rights, but no mention is made of workers’ rights, which would certainly be abolished. It continues:

“Public companies will be subject to a restructuring process that ensures their efficient and transparent management, including through public-private agreements.”

What this means, in plain language, is massive dismissal of workers from state companies and the entry of private capital into them: a policy of looting which has already proved to be a disaster in all countries where it has been applied.

The model of the opposition’s new coup regime in Venezuela — backed by the US, Canada, and Brazil — is the reimposition of neoliberal capitalism and the recolonization of Latin America. Any bluster about restoring democracy is a mere pretense at this point.

***

Source, links:

https://grayzoneproject.com/2019/01/23/us-coup-oil-venezuela-right-wing-opposition-privatization-capitalism/

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