Venezuela and disaster capitalism

By Reinaldo Iturriza López, translation by Nicolas Allen February 10, 2019
— Links International Journal of Socialist Renewal reposted from Verso Blog — On Monday, January 28, the Department of the Treasury of the United States announced it was placing a “block” on all of Petróleos de Venezuela’s (PDVSA) assets under US jurisdiction, prohibiting its citizens from engaging in any type of transaction with the Venezuelan state-owned oil company.[1] Secretary Steve Mnuchin added that “if the people of Venezuela want to continue to sell us oil”, we will only accept it on the condition that our money goes to “blocked accounts”, which would later be made available for the “transition government”.[2]