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September 11, 2011

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Wow, thanks for elevating that comment and responding at such length. But wait! You don't need to jump from saying that China is the imperial master to saying it has no power at all in Venezuela. It's got to be somewhere in between, no? Certainly they are getting some sort of preferable deal on Venezuelan crude -- the question is exactly how much. And one person from the Chinese side told me in absolute terms that they favor "stability" in Venezuelan governance. I just think calling China the imperial master of Venezuela might be a bit much.

And yes, the U.S. continues to exert quite a bit of influence, prosecuting a bunch of Venezuelans for white collar crimes or drug smuggling in recent years.

The mismanagement of PDVSA is weird, as you say. But you have to look at things relatively. PDVSA may still be among the best-managed parts of the state.

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