'What we call corruption': Harvard economist and former Venezuelan minister says Trump's oil profit motives have no place in Venezuela's future | Fortune
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'What we call corruption': Harvard economist and former Venezuelan minister says Trump's oil profit motives have no place in Venezuela's future | Fortune
"There's a reason why there's no profit motive in government,"
"Profit motive in government is what we call corruption."
"This is one of the countless good energy deals President Trump has brokered to restore American energy dominance that will benefit the American people, American energy companies, and the Venezuelan people,"
"We will rebuild it in a very profitable way,"
President Donald Trump pledged that restoring Venezuela's oil infrastructure will benefit both Venezuela and the United States. Ricardo Hausmann criticized U.S. control of the Venezuelan oil market, equating profit motive in government with corruption. U.S. forces captured Nicolás Maduro and assumed some control of Venezuelan affairs, with the White House invoking the Monroe Doctrine to justify intervention. Venezuela holds the world's largest proven crude reserves. The White House described the plan as restoring American energy dominance and benefiting Americans, U.S. energy companies, and Venezuelans. An interim leadership agreed to provide 30–50 million barrels with proceeds managed in U.S.-controlled bank accounts overseen by the president.
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