There are several factors for Venezuela’s economic crisis, but you wouldn’t know it by listening to U.S. leaders or following corporate media, writes Steve Ellner.
By Steve Ellner
Special to Consortium News
The recognition by U.S. House Speaker Nancy Pelosi and former Vice President Joe Biden of Juan Guaidó as Venezuelan president is the latest demonstration of the consensus in Washington over the nefariousness of the Nicolás Maduro government. Not since Fidel Castro’s early years in power has a Latin American head of state been so consistently demonized. But the 1960s was the peak of the Cold War polarization that placed Cuba plainly in the enemy camp, and unlike Venezuela today, that nation had a one-party system.
The scope of that consensus was evident by the recent faceoff between two figures as far apart as President Donald Trump and Rep. Alexandria Ocasio-Cortez. In his State of the Union address, Trump attributed Venezuela’s economic crisis to the failed system of socialism. Ocasio-Cortez responded by arguing that the Venezuelan case is “an issue of authoritarian regime versus democracy.”
Taken together, the comments by Trump and Ocasio-Cortez complement one another. According to the narrative that dominates Washington, Venezuela is a disaster from both economic and political viewpoints. The exclusive blame for the sorry state of the economy and for the country’s allegedly authoritarian rule lays with Maduro and his cohorts.
Not surprisingly, the mainstream media have refrained from questioning these assumptions. Most of their reporting puts the accent mark on state incompetence and corruption, while skirting the detrimental effects of the economic sanctions implemented by the Trump administration.
In addition, many on the left point to the economic sanctions as responsible, at least in part, for the nation’s pressing economic difficulties, but few critically examine the mainstream’s characterization of the state of Venezuelan democracy. Some oppose the sanctions but join the opposition in bashing the Maduro government.
A recent article by Gabriel…