Washington can shape Venezuela’s oil trade without owning the oil itself. This Verdict looks at where American leverage is real, where it stops, and what “control” actually means in practice.
Federal ownership can protect strategic industries and give taxpayers a financial stake in their success. It also raises harder questions about who controls those investments, how long the government should hold them and where public power ends and market participation begins.
If the United States claims a special sphere of influence in the Western Hemisphere, what stops China or Russia from claiming one of their own?