NewsDialy
An oil deal between the United States and Venezuela places the American government inside a major energy market as a commercial player.
State capitalism is the term for that arrangement: a government that participates in markets directly rather than only setting rules for private companies.
President Trump's Venezuela deal, described as unprecedented, arrived eight months after Washington ousted former President Nicolás Maduro in a military raid.
Washington spent years pressing Venezuela through sanctions and diplomatic pressure over Maduro's authoritarian rule. A military raid removed him from power.
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