TRIGGERnometry Venezuela Update with Francis Foster and Konstantin Kisin
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Jan 5, 2026 Francis and Konstantin dive into the crisis in Venezuela, discussing Nicolás Maduro's overthrow and the implications of U.S. military involvement. They explore the troubling human rights abuses and economic collapse in the country, the geopolitical alliances with rivals like China and Russia, and the intricate drug trafficking operations. The hosts analyze the future of democratic elections, the role of U.S.-backed leaders, and the broader European and global implications of this high-stakes situation.
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Origins Of Venezuela's Revolution
- Hugo Chávez won democratically in 1999 and initiated a left-wing populist revolution promising redistribution and anti-elite reforms.
- The early gains from oil revenue later morphed into entrenched corruption and expanding state control under Chávez and Maduro.
From Oil Wealth To Economic Collapse
- Venezuela transitioned from wealthy oil producer to an economic basket case with hyperinflation and mass emigration.
- Life expectancy and basic living conditions collapsed under prolonged mismanagement and sanctions.
Geopolitics Drove Venezuela's Alliances
- Chávez and Maduro built alliances with US adversaries like Cuba, Iran, Russia and China to counter American influence.
- Venezuela's vast natural resources made it strategically valuable to those states, intensifying geopolitical rivalry.
