Daniel Bessner, Derek Davison, Greg Grandin On the latest American Prestige. The post Venezuela, Latin America, and the Future of US Foreign Policy, With Greg Grandin appeared first on The Nation.
Five years later, as the president attempts to rewrite what happened on Jan. 6, 2021, Zeteo has a detailed hour-by-hour guide to what Trump said and did that fateful and violent day.
Ventures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are “increasingly integrating their business empire” into the wider U.S. economy, says David Uberti, who has been reporting on the family’s self-enrichment for The Wall Street Journal. The coupling of Trump’s economic and political influence is raising major questions about conflicts of interest. “You have all of these different business interests in different areas in which the government regulates,” and this “proximity to power may help along some of these deals and the valuations at which they’re made.” We look at the Trumps’ cryptocurrency venture World Liberty Financial and the Trump Organization’s planned $6 billion merger with a firm hoping to build a nuclear fusion plant to power AI data centers with Uberti, who says such “very speculative, highly risky corners of financial markets” are key to the family’s investment strategy.
The share prices of U.S. oil companies surged following the Trump administration’s attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela’s nationalized oil industry. Now with Trump’s show of force over Venezuela’s political sovereignty, many investors see the potential for a similar overpowering of the socialist country’s economic independence. However, notes financial reporter David Uberti, it won’t be so easy for Wall Street to make a profit. In addition to upgrading Venezuela’s “decrepit” oil-producing infrastructure, oil companies must push for a greater share of the energy marketplace, just as oil’s popularity is on the decline.
Zeteo's Mehdi Hasan outlines Donald Trump's “Donroe Doctrine,” a throwback foreign policy exemplified by the Trump administration’s shocking intervention in Venezuela. With his claims of U.S. sovereignty over nations in the Western Hemisphere, “Trump’s basically saying, 'Well, this is ours, and China, Russia can have their spheres of influence.' And it is very 19th-century-esque. ’Let’s divide up the world between the powers.’” This orientation is a major shift from U.S. foreign policy of recent decades, such as the 2003 invasion of Iraq, when interventionist actions were framed around ideological motivations, explains Hasan. “They said it was WMDs. They said it was democracy. They said it was al-Qaeda. They at least pretended that it wasn’t about the oil.” Meanwhile, Trump is brazen about his aims to seize control of Venezuela’s resources and demonstrate that “might is right.”
Lawmakers may have dismissed the president’s talk of US control of the Danish territory before. After Venezuela, that’s changing.
“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”