Source: Ludwig von Mises Institute
by Peter G Klein
“Trump justifies his war on Venezuela by saying that ‘they’ stole ‘our’ oil. Unpacking this claim gives us insight into Trump’s version of crony capitalism – a system of private ownership in which the state intervenes to promote the interests of politically connected firms. … A common feature of crony capitalism is the subsidization of downside loss – owners keep the profits, but losses are passed onto the taxpayer. That is exactly what Trump and his allies propose here.” (01/05/26)
https://mises.org/power-market/trumps-venezuelan-crony-capitalism