The US intervention in Latin America may be taking new forms, but the seizure of oil infrastructure echoes past resource grabs. While Davos attendees parse the nuances of stakeholder capitalism, the old rules of power politics and resource extraction are being unleashed anew.
As the World Economic Forum (WEF) convenes in Davos under the banner “A Spirit of Dialogue”, the US has seized control of Venezuela’s oil infrastructure, installing what President Donald Trump calls an “indefinite” American administration of the country’s petroleum reserves, while blackmailing European countries over his demand for Greenland.
The disconnect between the WEF’s call for dialogue and America’s unilateral aggression — between the denizens of Davos and today’s emerging global disorder — is jarring, to say the least.
