Natural resources and globalization: petroleum and Venezuela as examples

Bernard Mommer concentrates on the relationship between transnational capital and the extraction of natural resources. Capital from its beginning has sought to deny the right of petroleum exporting countries to capture an international ground rent. Its objectives today include imposing on consumers the costs of world-wide policies related to the protection of the environment.
As part of the process of globalization, transnational capital is imposing over sovereign national rights a private ...