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" "The sanction that prohibits Citgo from remitting profits to Venezuela... means that the Venezuelan government is being deprived of approximately $1 billion a year. But in addition to that, the sanctions also stipulate that Venezuela practically cannot refinance its foreign debt, which is something logical that any country facing a difficult economic situation would do. The sanctions prohibit U.S. financial institutions from having any transaction, any interaction with the Venezuelan government and the Venezuelan state oil company, PDVSA...in addition to that, there is a major impact in terms of discouraging commercial and financial interests throughout the world from any kind of transaction with Venezuela.... And that translates into a situation in which the U.S. government, and specifically Steven Mnuchin, the secretary of the treasury... has created a situation in which commercial interests throughout the world are afraid to have anything to do with Venezuela. That amounts to virtually... an economic blockade.
Steve Ellner has taught economic history and political science at the Universidad de Oriente in Puerto La Cruz, Venezuela since 1977. He is the author of numerous books and journal articles on Venezuelan history and politics. He received his Ph.D. in Latin American history at the University of New Mexico in 1980.
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Washington circles view (President Hugo) Chávez as the ringleader of these expressions of Latin American nationalism and unity… There is good reason why political actors and analysts of different ideological convictions single out Chávez for special treatment. Widespread expropriations and other reversals of neoliberal economic measures, the creation of a popular militia, the firm control of the armed forces, and the generous funding of programmes of international cooperation that bolster Venezuela’s standing in Latin America are distinguishing features of the Chávez government unmatched elsewhere. Another far-reaching goal outlined in Chávez’s electoral platform is the expansion of the power of community councils. Several hundred “communes in construction” group a dozen or more community councils each to undertake projects covering a wide area, such as gas and water distribution. Chávez proposes to promote the creation of new communes to represent 68 per cent of the population. The communes are to be granted the same prerogatives as state and municipal governments, including budgeting, participation in state planning and, eventually, tax collection… Venezuela’s social transformation over so long a period, under a democratically elected president, is without parallel in contemporary history.
The statements coming out of the U.S. Congress and Obama administration condemning human rights violation fail to recognize that sectors of the opposition have been involved in acts of terrorism. It is ironic that the same government that justifies massive indiscriminate surveillance throughout the world and intervenes in numerous nation’s of the Middle East and Africa in the name of anti-terrorism turns a blind eye to terrorist activity in Venezuela and ends up actually encouraging it. The (U.S.) State Department’s revocation of the visa of the president of the National Assembly Diosdado Cabello (on the absurd grounds that he acted as a bag man on behalf of Osama bin Laden) attempts to discredit the very Chavista who represents a hard line in the struggle against terrorism in Venezuela. Terrorism cannot be defined as actions only carried out by one’s enemy. If that is case, the term loses all credibility.
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The opposition… is quick to dismiss even the most obvious gains of the Bolivarian Revolution. They deny the profound impact of social programs that facilitated educational opportunities and a sense of empowerment among formerly excluded sectors of the population. Since its founding in 2003, for instance, the makeshift “Sucre Mission,” with a budget far inferior to the established universities and which largely operates out of public school buildings at night, has taken in 700,000 students (370,000 of whom have graduated). The nation’s current university population of 2,630,000 represents a three-fold increase since 1998. Yet the opposition belittles this achievement…