'They say hindsight is 20/20, and nothing exemplifies that more than the kind of post-mortem that can be done on the failed attempt by the US to overthrow the government of Venezuela. Working through the lack of options that the US has in terms of regime-change in Venezuela, should lead towards a higher degree of investor confidence in the Bolivarian Republic.
We understand that there are ultimately only three ways to attack a target state until it collapses:
- Supporting an internal coup/revolution or terrorism;
- Economic embargo perhaps leading to or justified by 1, and;
- Military invasion justified by the government’s reaction to 1
Then we can see that US has failed in the first two. While the US does appear on the rhetorical level to be willing to embargo the rest of planet earth, they would have to effectively do so in order to embargo Venezuela. By promoting globalization as a virtue, at the institutional level, and not simply recognizing it with problems and all as an inherent component of market economies, the US has withered its own ability to control other civilizations and states in the world’s growing multipolar system.
While the US can place sanctions on Venezuela, and get some countries to even go along with these sanctions, it only improves or strengthens the role and power of those middle-man countries like China which act as ‘value transactors’ of Venezuelan commodities into the global economy. Because it is impossible to ‘cut’ China out of the global economy, it is impossible to cut Venezuela out as well. Given how much China is invested into Venezuela’s economy, as the Wall Street Journal notes, there’s little chance that will change either.
Despite an effort to unseat the democratically elected PSUV government, we were offered some keen insights into the US’s own self-realization regarding their failed process, and publicly so by Pompeo himself.
The level of honesty coming from the Trump administration in the US is refreshing even as it is only half the truth. When we read that Pompeo has explained that the Venezuelan opposition is ‘divided’, this is of course nothing other than good news for those concerned with regional stability, economic development, and a de-escalation of tensions that can lead towards war and instability.
It is also tremendously true, even if Pompeo doesn’t really explain why it’s the case, at least not entirely. But the facticity of the claim in itself reveals that there can be no US sponsored ‘internal regime change’ in Venezuela. Both the governments of Brazil and Colombia – close US allies under their present administrations – have ruled out any sort of military intervention into Venezuela.'
Read more: Dead on Arrival – A Brief Post-Mortem on the US’ Regime-Change Operation in Venezuela