Roberts: "Chávez reasserted state control over the state oil company." That is, state ownership does not equal state control. It's a plain truth, isn't it? But the PRC apologists and the obfuscators like Marv shove it into the dark when the lamp turns to look at state-owned corporations in China. ---and--- Roberts: "No country has a larger public external debt as a share of GDP or of exports or faces higher debt service as a share of exports." His article avoids mentioning the major buyer of Venezuelan petroleum: China. Sixty years ago the Soviet Union bought Cuban sugar on fraternal terms between two socialist countries, but the PRC has dealt with Venezuela on a basically commercial basis. "Venezuela's debt dates to 2007, the era of then-President Hugo Chavez, when the country borrowed more than $50 billion from Beijing under loan-for-oil deals." (Reuters, Aug. 26, 2022) So much for solidarity of the "Global South," for a "global community of shared future," yadda yadda.
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