so how I found you is that um so I’ve
been perplexed over this venezuela situation so what I did is I went over
to the old YouTube I typed in Tom woods Venezuela and you were the first
interview that popped up and I listened to it and I’m like wow this was this was
great this was some great background information so since then I’ve been
following all of your work I’ve been reading all of your articles at the
Mises it’s a you’re doing a great service
because I’m pretty ignorant when it comes to Venezuela or pretty much
anything South America most of my concentrations in the Middle East so
whenever something happens or whenever there’s an economic crisis or a talk of
regime change and the country that’s not in Middle East I’m pretty I’m pretty
behind the curb I so thank you so much for for you know helping me understand
this a little bit more and I think my audience is gonna see this as being
really valuable as well yeah no problem
um I’m gonna just say this right now um I’m after I dropped this Venezuela ebook
um I’m uh not gonna be writing his on Venezuela as much because I think I’ve
like written everything without by I’ve written all that needs to be said
because by writing more I’m gonna be just repeating myself but I’m gonna be
focusing more on state stuff because my specialty right now because I I work as
a gun lobbyist is mostly like Second Amendment stuff like state and local
level work but I think the Venezuela book I’m going to release being very
soon is gonna be very comprehensive and has a lot to offer but yeah Venezuela is
pretty screwed up and I don’t really see much of a future there
and if the u.s. does intervene it’s gonna make it even like much much worse
so there’s that and yeah but um yeah it’s even though it’s very different
from the Middle East I still see a US intervention there like as a bad idea so yeah I was surprised I mean it just
seems to me that Trump I feel like Trump sees he’s more
pragmatic about regime change and he sees opportunity in South America as far
as implementing some type of regime change or foreign intervention that’s
why I feel like he is a lot more hawkish in South America than he is in the
Middle East I mean basically I mean I guess the
mainstream narrative right now is because of the oil and Trump wants to
capitalize on the oil I mean do you think that’s true do you think that’s
the main reason why Trump is uh the White House right now I think I think
personally um there’s bigger geopolitics because um China and Russia have a
strong presence there China has given glennister like 50
billion dollars in loans Russia has done the same and a lot of the companies that
Venezuela has had to actually privatized has been sold to like Russian
state-owned enterprises or the Russians have like majority stakes in there and
I’m actually of the opinion that if Venezuela wants to stave off like um
like a major like collapse like potential civil war um I think they will
have to become like a wholly owned subsidiary of the Chinese and the
Russians for the short term like they’re gonna have to have like they’re gonna
have to do like privatization schemes um and selling off to the Russians and
stuff like that because if not it’s just gonna completely implode
um and turn into like a failed state it’s already is but it’s gonna just turn
into a war zone but that’s the reason why the US wants to get in there because
they don’t want Russia and China in our backyard that’s why they’re going after
Nicaragua and Cuba as well the troika tyranny has jumbled and called them I
actually don’t think they will intervene at least like militarily in
Venezuela for now because there’s this much bigger fish to fry in the Middle
East the Middle East has insane geopolitical significance I’d say since
like the beginning of civilization you’ve had the Persians the Abbasid
Caliphate the Mongols the Turks the Ottomans the British even the Russian
Imperial Russia yet the men now the US like the night in the 1980s like a lot
of the foreign policy establishment was always always thinking ahead and talking
about like the Middle East is like the next grand chessboard so I actually
think that they might divert more attention to the Middle East cuz I think
a lot of this could be just saber rattling but Venezuela does have really
nasty implications though for like a potential refugee crisis and all that
I’m relatively ignorant on Venezuela like I only really know the headlines
like the mainstream narrative or at least the mainstream narrative on the
right-wing is that Hugo Chavez took power he turned the country into a
social assess poll and now people are living in extreme poverty doing things
like looting and eating zoo animals however I suspect that Hugo Chavez and
Maduro they didn’t really spark the genesis of what’s going on there I mean
would you agree with that yeah in fact that’s where I come in
um this conservative analysis is very half-baked in fact like it ignores the
previous 50 years of Venezuelan history where lighter forms of socialism were
installed and progressively got bigger and bigger decade after decade 1958 was
kind of the genesis of it because Venezuela from 1950 to 1958
was in a dictatorship but it was actually one of its most stable
governments and in fact Venezuela became one of the richest countries in that
time period from 1914 to 1958 Venezuela was predominantly under military
governments but they maintained a relatively hands-off approach to
economic planning and whatnot so the country went from a backwater to like
one of the richest countries not only in the region but in the world and when
they returned to democracy in 1958 they had two parties ruled Venezuela from
1958 to 1998 that were both like socialist like and every decade the
government does grew bigger and bigger and when they nationalized the oil
industry in 1975 the country just really started to go downhill 1980s they had a
mega devaluation of the currency the country was shackled by debt and by the
1990s they had to like do an IMF restructuring and huge riots broke out
in fact the government had like pull off like a Tiananmen light type of crackdown
to quell all this unrest and 1992 when I was like really young there were two
coos launched by Lugo Chavez and from that point forward Venezuela like was
institutionally broken it’s bipartisan order fell apart and in 1998 this is
something that a lot of conservatives and a lot of these people don’t talk
about the average Venezuelan was actually poorer than in 1958 when they
returned little the beginning of its return to democracy and Hugo Chavez when
he campaigned in 1997 like he had an easy presidential campaign because he
basically like said like look what these two parties did to your wealth in this
period and he actually campaigned as a relatively at free-market candidate he
was talking a lot about rent-seeking calling out the political
class for its corruption but once he took office it was his he not only
continued the same stuff that made Bennis most stagnant but like he doubled
down and it was kind of like that’s what all she wrote but why I think this is
important is that socialism is kind of like a not just an economic phenomena
but like a cultural type of thing where I think becomes more ingrained in an
economy it affects the culture and effectively makes everyone like more
socialist or more socialist inclined so any time of crisis emerges it’ll be
bigger calls for more government and it becomes kind of like a like an illness
and why this is important is that the u.s. the opposition that the u.s. is
backing right now um they’re all socialists they’re actually socialists
like they’re they’re like the children of the previous Venezuelan economic
order and if the US has to intervene they successfully tobol Maduro which is
likely these same people that actually impoverishment as well before will just
be coming back to power and repeating the same cycle in fact I’d argue that
could be governing worse because um if they don’t address like but as well as
pressing needs of like privatization and stuff like that they could be deposed
easily in a coup or some type of upheaval because um
the country needs shock therapy and there’s just so much economic damage
done by like 50 years of non-stop intervention that has have an exorcism
there’s just no way around it and like the cultural damage – I think that’s
what’s gonna prevent the country from recovering quickly anytime soon because
all politics flows downstream from culture when you have a very culturally
inclined population that favors socialism makes it very difficult to
move forward so um it’s kind of a damned if you do damned if you don’t situation
but I think the u.s. get involved so many unintended
consequences taking consideration can emerge so I think Venezuela is very much
like in deep doo-doo well how did Venezuela before they fully embrace
socialism how did they become what sparked the the initial boom period for
Venezuela before the I guess the Social Democrats were elected to power
basically the 1914 was like the pivotal year because that was a discovery of oil
in Lake Maracaibo and it’s true that oil made Venezuela rich but there’s more to
the story from 1914 to 1958 the Venezuelan state was very small it it
actually didn’t establish a central bank until 1939 the income tax was like I
think like less than 35 percent for the highest earners government spending was
low they were able to attract skilled immigration from European countries such
as Italy Portugal and Spain so it had a lot of favourable factors it also wasn’t
directly hurt by World War two so Venice was positioned to be rich at that time
and it grew from one of Latin Americans poorest and most unstable countries to
one of the richest countries in the world
where it rivaled like European countries in terms of standard of living but it
was beginning in the 1980s like a decade after the nationalization of oil in the
stream that things has started going badly because the nationalization of oil
allowed politicians and bureaucrats control all the oil revenue and once
they captured it they would just distribute it to their political
supporters their pet corporations and put it into a bunch of like public
infrastructure boondoggles and like it was just a complete destruction of
wealth and Venezuelans payed for it in the 80s and 90s
they tried free-market reforms in the 90s but um the president who ironically
nationalized the oil industry in the 70s came back to power in the 90s and was in
charge of those reforms his name is Carlos under Bettis he he was impeached
by his own party which is a Socialist Party because they feared that his
free-market reforms would hurt a lot of their government privileges and from
that point forward Venezuela lost a grand opportunity to actually
like institutionally and like economically repair itself and I think
like his impeachment in 1993 or and before I forget was kind of like a
turning point where Venezuela was not gonna embrace um any market reforms from
that point forward so oil wasn’t the only reason Venezuela
became rich I think that’s a pretty common narrative yeah uh it was not the
only reason Wester friendly kappa friendly yeah in fact Venezuela was one
of the last countries to nationalize its oil industry like in the 70s it was
actually like a laggard and that’s why a lot of oil companies preferred to do
business there because they didn’t have to worry about having to deal with the
government with regards to contracts and how like the revenues would be split and
all that so they had an advantage there that’s why they became very rich and
that’s why Venezuela was relatively democratic too because states with
nationalized oil industries tend to be pretty authoritarian because when you
put the state as like a distributor of wealth especially when they capture the
wealth it creates a sub job a patron and subject relationship which is completely
different from a classical liberal style of governance where people pay taxes to
governments to supposedly protect them and defend their rights whereas it’s
like the opposite way around the people are dependent on
in the petrol state Venezuela avoided that until the 1970s but after the 1970s
on it just completely imploded that’s why I like in the 90s like the country
had like so many insurrection and by the time ago Chavez came to the power the
country was was in pretty bad shape institutionally it was so relatively
rich but you would tell that something bad was about to happen within ten years
or so so they were using oil revenue to subsidize other industries yeah and it
generally failed because the instead of letting the market do that they let like
the petro state pick winners and losers and more often than not they they
subsidize companies that were inefficient or just politically
connected and really did not meet consumer demands in Venezuela that’s why
even to this day a lot of members of the opposition they like crony capitalism
when you talk about whole scale privatization they shudder and fear hey
can you give me a little bit more background on the decades preceding Hugo
Hugo Chavez like what led you mentioned it before but what exactly led to him
becoming essentially the dictator of Venezuela well in the previous decades
like 1960s and 1970s Venezuela started engaging in like land
reform where they would undermine a lot of property rights that encouraged like
a lot of squatting and other unsavory practices you would see the
establishment of rent control and subsidized housing which created like
the infamous Rancho which is like a Venezuelan ghetto and these
interventions laid the basis for this a lot of people tend to think that
socialism happens in like an instant it doesn’t it could take like years
sometimes decades for a lot of its negative
affects to arise and then you had the oil nationalization which is like the
most important part because after that the the government of Carlos under his
Pettis in 1973 was thought that like with the state controlling the oil
industry they would have enough money to pay for health care education all this
stuff and they also partially nationalize their central bank to where
the government had a majority stake in the central bank so the bank was
completely politicized and as a result easy money became a norm in Venezuela
from the 1970s up until the present in fact Venezuelan Millennials have never witnessed a single year of single digit
inflation inflation has been at least 10 percent or higher now it’s like 60,000
percent because it’s hyperinflation but sit I think the last time Venezuela had
single digit inflation was in 1983 I wrote about this in an article for Mises
so sod money has almost been like non-existent for the past 40 or so years
and by the 1980s Venezuela had a devalue its currency that the believe out of
because of the massive spending of the 1970s and you’ve hurt you started to see
the lower classes in the lower middle classes become poorer and restless and
when Carlos Andres Pettis came back in the late 1980s he can’t paint under the
same premise of assembiy saying that oh I’m gonna continue the same spending
binges and make Venezuela great again all this stuff but he came to the
realization when once he sat down with advisors that the country was bankrupt
uncompetitive had like crazy amounts of tariffs
import bans all this stuff that made it like a very economically uncompetitive
market so the IMF had to come in they offered a some decent reforms such as
privatizations and tariff reductions and all that but they’d really didn’t go far
enough and in fact they were never able to tame inflation throughout petaa’s
administration which is what really killed him because a lot of like the
people that were suffering saw their savings a road throughout this time
whenever inflation was like around fifty percent per year which would be like
insane if you were living the West because fifty percent inflation is
almost unheard of so water that’s that’s insane so what
did what did Savas do that was so radical well I think the difference
between Chavez in the previous eras eras is like the degree of socialism um you
can say that the previous era of but as well in politics was like european-style
socialism even then I think that’s a stretch because I’d say Venezuela from
1958 to 1998 is actually more socialist than current a Europe it was pretty
leftist um but what Chavez did was he did wholesale expropriations and
confiscations of industries because the previous political order the only
industry they really expropriated was the oil industry um whereas Chavez not
only nationalized some aspects of the oil industry like every other industry
from farming to mining to even like farming pharmacies or subject to
government confiscations like any on any day the level of price controls that
were put in place were much higher as well that’s why you see like all the
long lines he also copy exchange controls of the previous eras
but like doubled down so it’s basically like socialism but on steroids is how
you would categorize the Chavez and Maduro regimes um also just the fact
that there was like um a lot of violations of civil liberties because
Chavez really did not care for free speech due process and they would
definitely beat up opposition and jail opposition on arbitrary charges there
were some instances where the Chavez epidural administration have had to like
privatize certain sectors of the economy to a very limited degree because of like
economic realities but there’s no free-market reforms on the menu as far
as the current government goes and even the opposition I do not believe they
will accomplish much because they’re also pretty socialist and they think
that they can go back to like the 90s 80s or 70s which is not gonna happen
because the country industry is pretty much wrecked it’s so overburdened by
regulation and bad economic policy and the culture is very messed up due to
like the decades of socialism that they’re gonna have to take more of a
path I think like Chile did um in the 1970s and 1980s and just liberalize the
economy wholesale or else their countries is gonna slip in between like
coos potential military dictatorships or even like quasi presidential strongman
rule because I think the country is completely in shambles and every
socio-economic and cultural front know what’s really funny and you mentioned
that the opposition is you know they’re they’re socialists as well you would
think that the White House thinks that they practice like Adam Smith capitalism
the way that they support them well well that’s the thing about foreign
policy intervention ISM a lot of these people don’t even do proper research um
I think when you look at Venezuela it’s really not a case about ideology anymore
when it comes to the u.s. being interested they want to get their
payments whatever interest groups want the change in Venezuela they want to get
paid they want to get like access to the oil better access to it and that’s all
there is to it but really it’s a geopolitical game because with Russia
and China involved in Venezuela both economically and even like with military
logistics – because they do supply a lot of arms and military equipment to
Venezuela the u.s. is kind of like compelled to step in at least like
neo-cons that’s how neo can’t see it like everything is a geopolitical game
for them I thought they wanted to liberate the people there based off John
Paul well that’s the that’s the Preet yeah that’s the pretext but everybody
knows that’s a well everybody that’s been aware of the past twenty years of
like really messed up geopolitics or really the past century if you think
about it that’s just a ruse to get the military-industrial complex up and
running and just securing financial interests for American oligarchical
groups it’s kind of funny though because they are being Trump in Bolton they’ve
actually been kind of transparent that they have geopolitical interest in
Venezuela like you know when it comes to the Middle East and foreign intervention
pretty much everywhere else it’s always about like somebody gassing their own
people or some murderous dictator Bolton just straight-up said hey you know yeah
there’s oil there that’d be a good opportunity for American oil companies yeah they’re actually very frank about
it with the Venezuelan case I think like a lot of this is kind of a PSYOP to be
honest to see how responsibly the American populace is to
this because if you saw a week ago Boulton had a notepad where it
apparently said like 5,000 troops to Venezuela I think he did that purposely
to to kind of conduct like a somewhat of an experiment to see how the public
would react to that because that’s actually pretty ambiguous what are those
five thousand troops gonna be there for are they there to back up column you
should then that’s what I collapsed are they there to potentially be a
springboard for invasion or some type of Gulf of Tonkin incident where they can
justify sending even bigger amounts of military forces because the US has
actually sent troops to Latin America before like Panama in the 1980s under
Bush the elder he sent about like twenty without this uh over twenty thousand
troops to Panama of country much smaller to Venezuela so that five thousand
troops I know what they’re gonna be there for but it doesn’t really bode
well and I don’t even know if they’re gonna follow through with it but they’re
definitely sabre-rattling right now sometimes I think John Bolton’s entire
role in the government in the White House is to be like this scary guy that
making you seem like it’ll do anything like him having a paper was at six
thousand troops he had down that what it was
yeah five thousand to six thousand I forget it’s somewhere around there that
that’s just like I think that’s the case that john bolton is there to like show
that you have a gun and you’re willing to use it but as far as like an actual
invasion I mean I hope I hope there’s not an invasion but I’m I guess we’ve uh
we’ve we’ve yet to see everything play out but I have a question so the number
one excuse I hear about Venezuela is the oil prices is that one of the oil goes
down that’s what actually destroys their economy what do you make of those
excuses about just you know their their economy being basically a slave to what
the oil prices are well that’s good question Henry because you see I
actually covered this the Mises Institute like the history of oil prices
in Venezuela a lot of people don’t realize is that from like 1910 to like
the 1950s Venezuela actually grew at tremendous rates under some of the
historically lowest oil prices imaginable especially in the 1940s and
1950s and the 1950s and 1960s whereas under Chavez been especially like from
2003 to 2012 oil prices were through the roof and in fact even when they dropped
they were still at historical highs so there’s much more to the Venezuelan
collapse than high oil prices in fact the 1970s as well with such high oil
prices um Venezuela is still kind of stagnated in
growth so there’s a lot more to this story than just oil prices that being
said um high oil prices benefit more the government because they have just more
money to squander and whatnot but as far as like actual economic growth like
attracting capital increasing product of capacity and all of that you have to
have a very institutionally sound environment for that to happen yeah it
isn’t the fall of light of the fall of price of one commodity isn’t that just a
further indictment of their economic system like how can their economy just
be so attached to one single thing yeah I mean that’s that’s the the problem
Henry when you have a very statist economy that’s been status for the past
like 60 years and the result is a very uncompetitive economy that has to rely
on like one resource and that resource unfortunately is heavily controlled by
the state it’s an insanely lucrative resource oil but even
the best central planners and whatnot cannot make that go on for very long and
eventually it will go bust yeah another excuse that I hear a lot and I hear this
a lot from the left a lot of people are blaming US sanctions on Venezuela
economic problems I mean does that hold any validity at all well Venezuela has suffered several
sanctions since the latter years of the Obama administration but here’s a catch
they were only imposed on government officials you don’t have like Cuban or
Iranian style sanctions where there’s like a practical embargo
on the entire economy especially in the Cuban case in turn that just shows that
most of this crime the overwhelming portion of this crisis is self-generated
that being said the recent sanctions that Bolton in them pushed through or a
bad sign I think that in a year or two if cooler heads don’t prevail you’re
there is talk about potential import bans of oil in the United States from
Venezuela I think Mike Pompeo and some other people in Congress have flirted
with that idea and I would not put it past them to do that because that’s
generally a very strong sign that there’s gonna be like some big
interventionist ramifications because right now I think it’s a sabre-rattling
but if they do like a very large-scale sanction or embargo things get get
pretty nasty yeah it will stay it will remind everyone of Iraq because of
course the Iraqi sanctions were some of the worst in human history and they
eventually led up to a u.s. invasion in the early 2000
so I can definitely see that um I saw that you wrote a lot about gun control
laws and you mentioned that you’re you you’re a god a second lobbyist right yes
yes you’re correct Henry so I saw I saw your I saw you wrote a piece called
how gun control became an instrument of tyranny Venezuela so I don’t really know
much about the gun control laws and how they’ve affected Latin Latin America and
Venezuela can you tell us a little bit more about that well in Latin America
there isn’t much of a gun culture meaning that they don’t really have
rights to bear arms in most Latin American countries and their
constitutions it’s mostly treated like a regulated privilege that the military
law enforcement and other quasi government told security services can
enjoy but this is a legacy of the Spanish colonial tradition we have
because in those times only the military landed nobility and groups tied to the
Spanish crown could carry firearms and it’s carried over into present-day Latin
America a lot of cultural and political habits die hard that’s why I like the US
on the other hand which has a strong militia tradition that dates back
actually to like the 1650s in England I was transplanted to the US has a very
robust civilian gun ownership tradition and so you see like in the 1930s a lot
of Venezuela’s modern modern gun control laws were passed then which essentially
made only like the possession of like a 22 rifle available to like the average
citizen but other firearms like shotguns pistols what-have-you you had to be like
military and law enforcement or I have to go through insane amounts of
bureaucratic hoops just to do that and this stuff was actually expanded upon
during Chavez his administration and the
results have been disastrous because there’s so much crime in Venezuela
because the country is going through not just an economic collapse but like a
complete destruction of its social fabric that every urban center in
Venezuela Caracas Maracaibo Monica and Valencia or some like the most dangerous
cities on the planet so not only you have to put up with a bike a tyrannical
government but you have to put up with tons of criminals and other paramilitary
entities that don’t care about the gun laws they they buy all their guns off
the black market while a lot law-abiding citizens are just standing there like
sitting ducks and getting picked off by all those other nasty criminal or
governmental elements and you are seeing some people in the countryside taking up
arms and just completely disobeying the gun control laws but this is an example
of how gun rights are pretty good insurance against mayhem and potential
to tyranny because it’s better to have I got to not need it than to not have it
and like desperately need it like in the case of Venezuela so how big is a bit
black mark the gun black market in Venezuela that I don’t know in terms of
numbers but the criminal classes in Venezuela are huge in fact Venezuelans
actually break into prisons these days because they’re more secure
than being out on the streets and there’s actual work and stuff like that
they’re controlled by these prison chief things called brannis and the criminal
class in Venezuela is very extensive and it’s like a huge power player in the
country now that like a lot of like law and order is breaking down and socialism
has like completely collapsed all of civic society and the economy in the
countries so there’s a big black market as well as a lot of Colombian drug
trafficking organizations and pelham paramilitary organizations like the
armed for armed revolutionary forces of Colombia at the FARC and the ELN have
all hopped across the border because Venezuela is kind of like a safe haven
for them and have a rigid havoc so there’s tons of guns and drugs flowing
in the country and a lot of the citizens are helpless to fight against this crime
wave and also the government tyranny because they’re frankly disarmed prison
chieftains it kind of sounds like warlords is there any similarity there
yeah those are caught yeah there cause I warlords what Venezuela is going through
I’ve tell a lot of people it’s kind of reverting back to its on primitive state
throughout the 19th century where there was just tons of demagoguery a warlord
rule and just like really like a total breakdown of order and I think it’s
reverting back to that state and just descending into like more of like a
failed society not just like a failed state but a completely failed society
where the UM even like the most basic of like human practices like the respect
for private property peaceful conflict resolution it’s just not on the menu any
longer it’s completely turned into like a Mad Max environment so so how bad is
it for the average Venezuelan it sounds like an apocalyptic society right now I mean it is in it if you look at the
numbers like nearly 3 million Venezuelan people have left the country so yeah you
have to put up with hyperinflation which completely destroys your your savings
most Venezuelans see their wealth destroyed in a matter of days now
because of how bad the hyperinflation is you can’t even get basic goods
because of the price controls and exchange controls that don’t allow a
rational pricing system in the market and the lack of dollars makes it very
difficult to import stuff so you have massive shortages everywhere and there
is like an expression in Venezuela that is paraphrase like this and Venezuela
you don’t live you survive yeah so it sounds like their biggest export right
now is actual refugees where are these economic refugees going you will see
them go predominantly to the neighboring country of Colombia a lot of Venezuelans
are of Colombian descent they’ll go to Panama United States Spain Portugal
Italy especially the Venezuelans of Spanish and Portuguese and Italian
descent will take advantage of those countries citizenship policies that
allow for like grandparents to bestow citizenship rights to their
grandchildren so they take advantage of that to get really fast citizenship and
get out most Venezuelans are immigrants so they have that option but though this
trend is relatively unprecedented because Venezuelans on average never
really lived abroad until like the late 2000s so what’s the attitude of the
other Latin American countries right now are they getting are they getting fed up
with the refugee crisis well Colombia absolutely because they’ve had a place
we asked for visas and I think Panama has also demanded visas from Venezuelans
because they they simply can’t handle the flow Venice ones coming in and it’s
understandable because I think as the crisis gets worse and also if there’s a
potential intervention that’s only gonna magnify you
and it’s place people so they’ve had to really
reconsider what they have to do in order to contain what’s going on in Venezuela
and that’s also why Bolton and them considered sending troops over to
Colombia because that’s gonna be one of the strategic and logistical partners
for a potential like invasion because they have to like secure the border and
all that there to stem the flow of people coming in coming out so running
at around 40 minutes right now I’m gonna last ask you one last question and it’s
kind of it’s kind of an open question what do you think the percentage of
regime change in Venezuela takes place do you think
it’s like a high percentage do you think it’s a low percentage do you think that
the threats have been enough right now where the Trump administration has to
make a move to save face like what are your thoughts on that I think that
regime change right now like are you men are you referring to like a military
intervention by the US military a coup a coup d’etat of some sort um that let’s
back then supported that it’s gonna be well it’s gonna be hard to say because
um there’s just so much unrest and there are so many confounding factors in
Venezuela that it’s hard to say if like the US was ultimately like the main
catalyst behind a coup or not but the chances of Maduro leaving I think are
pretty high because his government is not only very unpopular but even among
his own factions of government there’s a lot of distrust but even with Maduro
leaving but as well that will not get out of its crisis because it has a lot
of like huge structural problems and there’s more of a chance that the
military will have how them do in negotiate and exit and they’ll have
another figurehead or they’ll run some election we
the candidate that wins is like a pre-approved candidate from the
opposition that won’t really rock the boat there but um I think Maduro will
probably be out by then you’re um now as far as like a military intervention goes
I don’t really see that happening anytime soon because there’s this bigger
geopolitical fish to fry and like in the Middle East and also Venezuela outside
of its oil is kind of like a non-factor strategically speaking and
geopolitically speaking so I think there’s gonna be a lot of saber rattling
and there’s probably gonna be like more comprehensive sanctions though well I
hope there’s not an intervention from the US I just think it’s gonna make it
worse than a long run like even if an economy sucks I don’t want to use force
to change it because I mean most of times we just make things worse but um
Jose where can we find your work like where where are you writing at right now
I know you mentioned your habit you’re releasing a new e-book soon tell us when
the ebooks being released and where else we could find your writing well the date
on that hasn’t been settled yet it’s probably around March or April I’m
mostly on Twitter these days with my Twitter handle at Jose aldino that’s
where you can find me I’ll be launching a website soon but the details on that
are still under wraps and I’m still getting some housekeeping stuff in order
but Twitter is the best place to find me hey Jose
mmm sorry yes I thought you cut out no
that’s awesome and I’m really excited for the book for the e-book like you’re
you’re doing a great job with with all the articles that you really summed in
as well it’s been really really helpful for me to catch up on everything because
you know like I said before I really know next to nothing about South America
or the economic crisis hasn’t been as well I just I really know like the
headline from National Review and stuff like that and that’s pretty where my
that’s where my knowledge kind of drops but thanks for thanks for agreeing to do
this man I really appreciate it this is really helpful
another thing thank you Henry for reaching out I really do like talking
about notes and no problem in sharing the knowledge you

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5 thoughts on “Did Socialism Destroy Venezuela? | José Niño on Venezuelan Socialism & Economic Crises | Podcast #55”

  1. What is socialism on the conceptual level? There are too many x[perts on socialisn in the US. Why is that? Smells oil again?

  2. There is only one kind of freedom and that's individual liberty. Our lives come from our creator and our liberty comes from our creator. It has nothing to do with government granting it. — Ron Paul

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