Venezuela: 21st-century colonialism?

AI Briefing

• – Venezuela's economic crisis has been exacerbated by its exploitation by foreign corporations, with the country's natural resources being controlled by US and Spanish companies.
• – The country's constitution has been amended to favor corporate interests, allowing foreign companies to own and operate in key sectors.
• – This has led to accusations of neocolonialism, with critics arguing that Venezuela is being economically dominated by external powers.