The United States seeks to regain its sagging world dominance by capturing wealth, quelling rebellions, and deterring competitors. It supports this operation with gigantic military power and a burdensome arms economy.

The struggle for Venezuela will decide the destiny of Latin America, argues Claudio Katz. We must recognise global Right’s hypocrisy in its attempts to topple Maduro. But it doesn’t act alone: similar forces are alive inside a government that has failed to counteract economic collapse.

It is true that banks are less leveraged, but the outflow of capital is intensifying.  Internationalized industry is hit by global overproduction, and lower prices of raw materials depress growth.  Moreover, attempts at stimulation collide with reduced resources from the central economies. Those who expect geopolitical benefits to follow from the crisis forget that the […]