Venezuela – Towards an Economy of Resistance

By Peter Koenig

The Government of Venezuela called an international Presidential Economic Advisory Commission, 14-16 June, 2018 – to debate the current foreign injected economic disturbances and seeking solutions to overcome them. I was privileged and honored to be part of this commission. Venezuela is literally being strangled by economic sanctions, by infiltrated elements of unrest, foreign trained opposition leaders, trained to disrupt distribution of food, pharmaceutical and medical equipment. Much of the training and disturbance in the country is financed by the National Endowment for Democracy (NED), an “NGO” that receives hundreds of millions of dollars from the State Department to “spread democracy” and provoke “regime change” around the world, by boycotting and undermining the democratic processes of sovereign nations that refuse to bend under the yoke of the empire and its ‘allies’ – meaning vassals, afraid to stand up for inherent human values, and instead dance spinelessly to the tune of the murderous North American regime and its handlers.

Imagine, Venezuela has by far the world’s largest known reserves in hydrocarbon under her territory – more than 300 billion barrels of petrol, vs. 266 billion barrels, the second largest, of Saudi Arabia. Venezuela is a neighbor, just across the Caribbean, of the United States’ arsenal of refineries in Texas. It takes about 3 to 4 days shipping time from Venezuela to the Texan refineries, as compared to 40-45 days from the Gulf States, from where the US imports about 60% of its oil – to be shipped through the high-risk Iran controlled Strait of Hormuz. And on top of this, Venezuela, is a socialist country defending the rights of the working class, fostering solidarity, human rights and sheer human values, so close to the borders of an abject neoliberal and increasing militarized greed-driven dictatorship, pretending untouchable ‘exceptionalism’. Daring to stand up against the threats of boots and bombs from the North, is simply intolerable for Washington.

Imagine, Venezuela has by far the world’s largest known reserves in hydrocarbon under her territory – more than 300 billion barrels of petrol, vs. 266 billion barrels, the second largest, of Saudi Arabia.

  Please login or register to continue reading...

author borderAbout the Author

Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Vineyard of The Saker Blog; and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.

Share This Post