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A warning, however. Pasqualina's article (a chapter in her book) contains no 
statistics beyond 2013, that is, before the precipitous drop in hydrocarbons 
prices on the world (and Venezuelan) market. That changed a lot, if not 
everything. A few months ago, she published an article arguing that Venezuela 
was not really dependent on hydrocarbon exploitation, or at least not nearly as 
dependent as is commonly thought. See Mitos sobre la economía venezolana (I) 
(versión ilustrada), 
http://www.15yultimo.com/2017/06/17/mitos-sobre-la-economia-venezolana-i-version-ilustrada/.
 She also argued that manufacturing production had held up well in the recent 
period, another unconventional reading. She promised a follow-up article 
outlining what she thinks is the road to be taken now toward "overcoming the 
so-called rentist petroleum model," but to date I am unable to locate it.

Richard

-----Original Message-----
From: Marxism [mailto:marxism-boun...@lists.csbs.utah.edu] On Behalf Of Ralph 
Johansen via Marxism
Sent: Tuesday, October 24, 2017 1:56 PM
To: rfid...@ncf.ca
Subject: Re: [Marxism] Fwd: Economic warfare in in Venezuela | MR Online

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[Ellner intro cut]

What is written here raises a lot of questions: This book The Visible Hand of 
the Market: Economic Warfare in Venezuela has been written to correct for 
pervasive misinformation peddled by global politicians and media. It purports 
to detail how national food, medicines and hygiene products monopolies have 
contrived to produce disruption, disaffection and chaos.

Chavez's death and the little-known Maduro's accession, severely weakened as he 
narrowly won against all the forces arrayed against him, presented the 
oligarchy with their golden opportunity. They haven't carried it off. The book 
lists their main weapons: 1) planned shortage of essential materials; 2) 
induced inflation; 3) boycott in the supply of basic goods; 4) covert trade 
embargo and 5) international financial blockade, with gigantic transnational 
corporations and imperial power behind it all. Add to this bitter, protracted 
counter-revolutionary obstruction in the streets.

Despite massive opposition from banking, industry, market forces, the media and 
many in the bureaucracy, the wealthy classes and powerful US imperialist 
opposition, and of course with the positive support of the mass of the less 
well-off and abjectly poor sectors of the country, could it be of significance 
that because the military still supports the Bolivarian project throughout all 
the opposition's antics (unlike Chile in 1973) that it is still standing? Few 
know at close hand the machinations of corporate power as do the military, 
Chavez after all was one of them, and the oligarchy has failed to win them over.

Are the failure of disruptive tactics, street warfare, divisions in opposition 
leadership, and elections just completed favorable to the government (winning 
18 of 21 gubernatorial contests), a sign of a turnaround and the spluttering 
defeat of the counter-revolution? Are the essential moral and material 
resources of the regime and above all of the people, and course-correction in 
the design of the revolution going forward enough? Petrol prices are rising 
again. What next? As in pre-revolutionary Russia, people must be hungering for 
reliable, honest, resolute leadership, information and a road map. This book, 
ordered by Maduros to be distributed massively as part of the new offensive, 
and its prompt translation into English, the language of imperial power, could 
conceivably have enormous consequences in aid of the revolution.
------------------------------------------------------------------------



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