NEWS: Venezuela’s ruinous state has much to do with China

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Venezuela’s Road To Disaster Is Littered With Chinese Debt

Mar 12, 2019 Read More Articles by Kelleigh Nelson
News with Views

I barely need to reiterate what you already know: the close links that exist between our people and the people of Venezuela and Hugo Chavez, the promoter of the Bolivarian Revolution and the United Socialist Party he founded. —Fidel Castro

When you see people starving in Venezuela and fleeing into neighboring countries and realize that this is a country that once had the world’s largest oil reserves, you realize that they’ve ruined a very good prospect with ideas that sounded good but didn’t turn out well.  —Thomas Sowell

We’re in a global war, facing an enemy alliance that runs from Pyongyang, North Korea, to Havana, Cuba, and Caracas, Venezuela. —General Michael T. Flynn

Venezuela sits at the northern tip of South America with Columbia on the west and Guyana on the east.  The country is collapsing. The constant blackouts have put hundreds of patients at risk and many have already died, food is rotting, and water is at a shortage. According to media reports, schoolchildren and oil workers have begun passing out from hunger, and sick Venezuelans have scoured veterinary offices for medicine. Link  Malaria, measles, and diphtheria have returned with a vengeance. The country’s infrastructure is falling apart along with their decaying power grid, and telecommunication networks have collapsed.

America has offered humanitarian aid, but Maduro has rejected it.  He is taking his cues from communist Havana.  Unfortunately, Venezuela never diversified; oil dominates their exports and government revenue and barrel prices of oil are down.

With Venezuela’s collapse, Maduro is begging Beijing; China’s price will be high as Venezuela’s debt to them is already in the billions.  Xi Jinping needs a presence of power that encourages foreign governments to believe they should play ball with Beijing, not Washington. And that means China’s increased military presence around the world, and what better place than Venezuela or one of her islands in the southern Caribbean.

Would Maduro risk U.S. ire by allowing Chinese basing rights? I think so. Maduro is already increasing his rhetoric against Washington and has repeatedly threatened Colombia. At the same time, the Venezuelan leader knows the U.S. and its allies believe he is an irredeemable despot: They want no part of a rapprochement with his regime.

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