In a surprising move, the President of the United States has astonishingly seized Venezuela's natural wealth, carrying out this act as a form of modern diplomacy with economic weapons. This agreement, which is considered a form of modern theft of Venezuela's national wealth, has been made under the pretext of American economic interests.
Flagless Imperialism
Imperialism does not require a flag or direct sovereignty. It is enough for a powerful country to decide who governs in a smaller and weaker country and under what conditions its resources are developed. Here, Trump demonstrated how to exploit a country's resources for personal gain by ousting Nicolás Maduro and placing his favorite, Delcy Rodríguez, as president. This agreement, which Trump claims is "the biggest oil deal in history," is actually only beneficial to his personal interests and not to American citizens.
Impact on Prices and Election Policies
Although Venezuela's additional oil production may lead to lower prices in the future, this will not happen anytime soon. In fact, it is predicted that this agreement will have no impact on gasoline prices before the November midterm elections. In this situation, when many American voters are struggling with energy costs, it is hard to expect that the unusable wealth of the Orinoco Belt will assist Republican candidates.
Ultimately, this agreement not only represents a new form of colonialism but also clearly signifies a failure in Trump's economic policies. Will this theft of a country's wealth go unanswered?
