Trump move for Venezuela’s resources likely to weaken economic might of US
The Guardian••nation
Key Points:
- The term "loot" originated from Hindi during the East India Company's exploitative expansion in India, symbolizing the blend of commerce and military force underpinning British imperialism.
- Donald Trump's recent military raid on Venezuela aimed to seize control of its oil reserves, reflecting a blatant prioritization of corporate interests over democratic legitimacy and international law.
- Despite Trump's focus on Venezuelan oil, global energy markets are well supplied, and the US has become a net exporter, with the real resource challenges lying in materials critical for clean energy transitions like copper and lithium.
- Trump's aggressive trade policies and economic nationalism have failed to revive US manufacturing or innovation, while pushing rival countries closer together and allowing competitors like China to advance in green technology and AI.
