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VENEZUELAN President Nicolas Maduro will devalue his country’s currency and raise rock-bottom petrol prices to end “criminal inflation” and defend social projects.
He announced the plans on Wednesday as part of his three-pronged strategy to “control and regulate the
market.”
Mr Maduro said that first the systems of “economic war” must be dismantled, followed by “all the functioning mechanisms of the old rentier state,” including reliance on the oil industry, and finally improvements to the distributive system.
International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE
The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE
