By insisting on U.S. “exceptionalism” in the 2015 National Security Strategy, it appears that the U.S. will tolerate only one economic and political model in its “backyard,” the one that conforms to the global neoliberal order, even as that order is being called into question by those who have the most to lose from its perpetuation.
The 33 member states of CELAC (the Community of Latin American and Caribbean States) vehemently rejected North American intervention in the continent, and particularly the US-led blockade of Cuba, during the organisation's annual summit, held on January 28th and 29th in Costa Rica.
Venezuelan writer Luis Britto Garcia discusses the massive impact Chinese investment has had on recent Latin American development, while calling for strict outlines to be drawn to protect Venezuelan sovereighnty in the midst of heightened negotiation.
President Maduro announced that China has agreed to invest 20 billion dollars in Venezuela following the China- Community of Latin American and Caribbean States (CELAC) meeting in Beijing. Venezuelan officials hope that increased Chinese investment will offset some of the shortfalls in the Venezuelan economy due to decade-low oil prices.
Last Thursday, the second annual meeting of the cultural ministers of the Community of Latin American and Caribbean States (Celac) was held in Caracas. 33 member states met to discuss their objective of fomenting cultural activity as a medium for social development.
Venezuela participated in the gathering of the BRICS emerging powers and Latin American regional blocs in Brazil this week, where new agreements were hailed as beginning the creation of a new global financial architecture.
Venezuelan President Nicolas Maduro has told the United States to “swallow” its criticism of the Community of Latin American and Caribbean States’ (CELAC) summit, after the U.S. accused the CELAC of “betraying democracy” by supporting Cuba.