In a controversial move, the United States government under Donald Trump has taken control of Venezuela's natural wealth using a form of modern diplomacy. This action, which resembles 19th-century 'gunboat diplomacy', allows Trump to achieve his political and economic goals by controlling the oil resources of this country.
Modern Theft of National Wealth
By ousting Nicolás Maduro and placing Delcy Rodríguez as the new president, the Trump administration has easily transferred one-fifth of Venezuela's proven oil reserves to the United States. This move comes at a time when many American citizens are struggling to pay for energy and fuel costs. In fact, Trump, with the promise of the 'largest oil deal in history', is trying to deceive public opinion, while economic realities indicate that oil prices will not decrease anytime soon.
Political and Economic Repercussions
This deal, which seems to benefit Trump's personal interests more, is unlikely to lead to a reduction in gasoline prices in the United States. As the midterm elections approach, the fact that Venezuela's meager wealth cannot assist the Republicans will raise serious questions in voters' minds. In other words, these neocolonial policies are not only not in favor of the American people but could also turn into a political crisis for Trump.
Are these actions by Trump a sign of weakness in his domestic policies? Or is he truly pursuing his personal and political interests on the global stage? The future will tell.
