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Maduro Talks to teleSUR: Guyana Border Dispute, Greece, and Economic War

President Nicolas Maduro with historic map of Gran Colombia. (teleSUR)

From the Peruvian Sun Hall at the Miraflores Palace, teleSUR’s Tatiana Perez and Rey Gomez spoke to President Nicolas Maduro about the Guyana border dispute, Greece, economic war, the BRICS, and more.

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Venezuela Ordered to Pay $46 Million in Compensation for Tidewater Nationalization

The International Center for Settlement of Investment Disputes (ICSID) in Washington (courtesy)

Venezuela's request to review a $46 million compensation claim filed by the oil service firm Tidewater has been rejected by the World Bank's International Center for Settlement of Investment Disputes (ICSID) on Wednesday. 

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A Marxist Analysis of the Currency Exchange Controls in Venezuela

(YVKE)

The author argues that the current foreign exchange control regime has failed to prevent transnational and domestic capital from taking its profits out of the country and that no government policy, no matter how conciliatory towards business, will attract investment in Venezuela as long as the Revolution continues. Only the expropriation of the bourgeois-controlled means of production– the "completion of the revolution"– will solve the present crisis. 

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Chavismo On The Horns Of A Dilemma: Populism And Pragmatism In Venezuela

Mision Mercal, the state mission aimed at distributing subsidised food to Venezuela's poorer sectors emerged as a response

Academic Steve Ellner explores the current political and economic juncture in Venezuela, linking its current difficulties to the tendency to pursue both pragmatic and populist strategies and the failure of the government in certain cases to take advantage of its triumphs over the opposition in order to launch a revolutionary offensive. 

 

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Venezuela: Maduro and the Market

Nicolas Maduro at a Chavista rally (Credit: Ministry of Communication)

Historian and veteran analyst Steve Ellner argues that President Nicolas Maduro's economic strategy represents an effort to take the middle road between those demanding radical expropriations irrespective of market reality and those calling for currency devaluation,  all as part of a bid to win further breathing room for renewed revolutionary advances  

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Victor Alvarez: “Venezuela’s Currency Controls Are No Longer Justified, and Are Only Used as a Means of Political Domination”

Victor Alvarez (quintodia.com)

Leftist economist and former high-ranking government official Victor Alvarez offers a critical perspective on state economic policy under the Bolivarian Revolution, arguing that it has perpetuated a neo-rentier logic via exchange controls and other measures that must be abandoned for socialism to advance.

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Venezuela Pledges 1.4 Million Ounces Gold as Collateral in CitiBank Deal

Under the CitiBank deal, Venezuela will receive $1 billion in cash for gold that is worth nearly $1.7billion by today’s prices

Venezuela has pledged 1.4 million ounces of gold in exchange for a $1 billion loan from CitiBank, according to sources.

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Must the Venezuelan Right Back Coups?

Lopez, gas mask in hand, participating in the coup against Chavez while wearing a shirt of the municipality he was mayor of. (Ph

If the US government would stop unconditionally backing golpistas then the international press (and some well-funded NGOs) would follow suit.

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Maduro Announces 30% Minimum Wage Hike to Combat Inflation

President Maduro and "First Combatant" Cilia Flores pledge solidarity with workers at the 2015 May Day rally in Caraca

Venezuelan President Nicolas Maduro announced a 30% minimum wage hike on Friday as part of his government's ongoing efforts to support workers amidst economic war and spiraling inflation.

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Venezuela Tops Latin America in Military Spending Cuts, Slashes Arms Budget by 34%

While Venezuela makes significant cuts in arms spending, the US continues to maintain the largest military budget worldwide, amo

According to a new report by the Stockholm International Peace Research Institute (SIPRI), Venezuela reduced its military budget by 34 percent in 2014, leading the region in arms spending cuts.

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