2 March 2019 — MROnline
1. Realpolitik
As heads of government, democratically entrusted with safeguarding the welfare of all Venezuelans, Chavez and Maduro bear overall responsibility for the economic crisis, but they are not alone. Surely it was a mistake to follow the risky politics of all previous governments by maintaining the dangerous dependence on the export of petroleum and failing to take timely and effective measures to diversify the economy, ensure food security, achieve a prudent self-sufficiency in the production and supply of generic medicines, etc. They made the naive and perhaps understandable mistake of relying on customary international law and relevant treaties on freedom of trade. They naively relied on the benefits of globalization, without sufficiently taking into account their vulnerability in case of an economic war, financial blockade and sanctions as had already caused chaos and suffering in Cuba, Chile, Nicaragua and Iraq.
Continue reading →
Like this:
Like Loading...