We discuss the economic and political crisis in Venezuela, its history as an oil proxy nation since the discovery of oil in 1918, through successive dictatorships, coups d’etats, a fake nationalization of the oil industry, the Chavista movement and destabilization through financial warfare, with a special emphasis on Michel Chossudovsky’s personal experience there conducting a study on poverty in 1975 as Advisor to the Venezuelan Minister of Planning.

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