For more than 40 years, Venezuela was the largest oil exporter in the world. Oil consumption became central to first the United States' economy and then Europe's all while Mexico nationalized its huge oil resources. It could be quite easy to say that the picture of Venezuela you have is of a semi-colonial country dominated by these foreign companies under the umbrella of the protection of the U.S., says Juan Vicente Gomez. I think this image of a very nationalistic Mexico, on the other hand, of a Semi-colonized Venezuela ... it's a bit more complex for various reasons.
Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The first of a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system.
Support this podcast at Patreon.com/TheDig
Subscribe to n+1. Go to nplusonemag.com/thedig and enter THEDIG at checkout