Unelected
US-backed coup leader Juan Guaidó immediately moved to try to
restructure Venezuela’s state-owned oil company and seek financing
from the neoliberal IMF.
by
Ben Norton
Part
3 - Coup Financing from Neoliberal IMF
The
attempted restructuring of Citgo would just be the beginning of the
neoliberal capitalist policies implemented by Venezuela’s US-backed
coup regime.
Reuters
also reported that Guaidó “is considering a request for funds
from international institutions including the IMF to finance his
interim government.”
The
International Monetary Fund is notorious as a vehicle for US
political and economic influence. For decades, the IMF, along with
the World Bank, has trapped ostensibly independent Latin American
nations in debt and imposed so-called “structural adjustment”
programs that force governments to impose brutal neoliberal shock
therapy on their populations, including austerity measures,
privatization of state assets, deregulation, and gutting of social
services.
Venezuela’s
previous elected socialist president, Hugo Chávez, broke ties with
the IMF and World Bank, which he noted were “dominated by US
imperialism.” Instead Venezuela and other left-wing governments
in Latin America worked together to co-found the Bank of the South,
as a counterbalance to the IMF and World Bank.
Guaidó
has moved to re-integrate Venezuela into these very same
Washington-dominated financial institutions. In addition to seeking
financing from the IMF, Guaidó is likewise trying to send a new
representative to the Inter-American Development Bank.
Venezuela’s
right-wing opposition has made it clear that it plans to pursue
aggressive neoliberal capitalist reforms. The opposition-controlled
National Assembly has also 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.”
This
plan might be a dream for foreign corporations, but even many
Venezuelans marching against their government might soon decide that
stripping state assets is not worth fighting for.
***
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Your wisdom and knowledge is spot on, unbiased and factually stated. Thank you for writing the truth.
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