this post was submitted on 01 Feb 2026
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Slop.

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For posting all the anonymous reactionary bullshit that you can't post anywhere else.

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I dont know enough to say how right or wrong what hes saying is, but unironically trying to explain it to fucking epstein is absurd

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[–] quarrk@hexbear.net 23 points 16 hours ago

The other prevailing myth is that Chávez kicked foreign affiliates out of the oil industry. In fact, the change was simply a mandatory 51% minimum stake in any joint venture with foreign capital. This ensured domestic control over the nation's own resources, but did not in any way prevent foreign investors from profiting from Venezuela's oil.

The reason the foreigners left, such as ExxonMobile, is that they couldn't take yes for an answer. They threw a tantrum, took their ball, and went home to complain to the US government that they didn't get every single thing they wanted. That's the original sin of the Bolivarian Revolution that led to all of this bullshit.