7 April, 2010 — Council on Hemispheric Affairs
In January 2006, the sixth gathering of the World Social Forum, during which Hugo Chávez as well as other left-leaning and socialist leaders fiercely criticized imperialist practices, was held in the Caracas Hilton Hotel. As James Surowiecki noted in an article for The New Yorker six months before the conference opened, a meeting sponsored by the Venezuelan Ministry of Finance took place at the same hotel. The aim of the aforementioned meeting was meant to promote American investments in Venezuela. How can one explain such a paradox? Are Venezuela and the United States only rhetorical political foes? Or, is there an underlying economic relationship between these two countries that renders them important trading partners?