We have suggested a dozen times ways for Venezuela to proceed but the problem is the failure of the left to have ever produced a real path to real socialism/communism. The left has no path to socialism and Venezuela reflects that in the way its idles at the threshold, unable to move. If it followed the marxist/leninist path its failure would be swift. The Bolivarian result, as with Sanders talking about ‘socialism’, is a blindness to the task at hand: constructing a viable postcapitalism. After all the talk about socialism, the bolivarian revolution was not revolutionary.
But there is a way to break the deadlock here.
We can point to a simple exit strategy: something on the order of our ‘democratic market neo-communism’, beginning with the expropriation of the large scale capital system. From there Venezuela is ideally poised to move to a real neo-communism.
But the longer it waits the more confused the situation. It might help to simply forget oil. Goodbye to it. Instead create a simple set of structures to feed and support the population, begin to rapidly expropriate the outstanding bourgeoisie, start to create something like our suggested system which involves planning and socialist markets, and start to balance the economy with diversification.
This way the issue of sanctions can be rendered irrelevant.
The US left’s failure to build solidarity with the Bolivarian Revolution has opened the way for right-wing efforts to delegitimize Maduro and justify US intervention.