We have suggested many times that Venezuela shows the way the left has failed to produce any viable models of socialist reconstruction. Venezuela is thus turning in circles trying to find a path that doesn’t exist because noone can build a workable socialist economy.
It is not that hard and all the elements are there, but the opportunity could slip away.
We keep discussing our ‘democratic market neo-communism’ as a tool of analysis in the overall simplicity of a viable system. No matter that this is still incomplete as model: it activates a solution to the contradictions that bedevil socialist incoherence.
Our suggestion: complete the revolutionary expropriation and then create a balanced socialist market/planned economy that can resolve the hopeless muddle of socialism/liberalism that is turning Venezuela in circles. That country still has a huge opportunity but it is still unclear why after twenty years almost no progress has been made to create a real postcapitalism.
For Venezuela, the worst-case scenario of a US military intervention remains a potent threat. A long-time advisor to Hugo Chavez offers his thoughts on the country’s crisis.