December 19, 2025 – Brown Pundits

A Cold Comparison, Not a Romantic One

There is only one historical analogy worth using when discussing Pakistan “rejoining” India: the Act of Union of 1707 between Scotland and England. Not Rome and Greece. Not Yugoslavia. Not German reunification. And certainly not civilizational nostalgia. The reason is simple. The 1707 Union was not about love, memory, or reconciliation. It was about bankruptcy, security, elite survival, and managed loss of sovereignty without humiliation. That is the only way such a union could ever happen.

Union Is an Elite Exit, Not a Popular Dream

Scotland did not join England because it felt British. It joined because it was broke. The Darien Scheme collapsed. The Scottish state was insolvent. The elite faced personal ruin. England controlled capital, markets, and trade. The Act of Union absorbed Scottish debt, protected elite property, preserved law and church, dissolved sovereignty while preserving status. The public opposed it. It passed anyway. Unions are not plebiscites. They are elite exits under pressure.

Pakistan’s Position Is Structurally Similar

Pakistan today is not Scotland in 1707. But the resemblance is close enough to matter. Pakistan is chronically indebted, permanently IMF-dependent, over-militarised by design, economically capped by scale and FX limits. It is run by elites whose lives are already offshore, Like Scotland, the state is failing faster than rents can be extracted, sovereignty has become expensive, security dominates fiscal policy and there is no credible independent growth path. This is not ideology. It is arithmetic.

Why India Is England in This Analogy Continue reading Pakistan and the Act of Union

Excerpts from an Article on NakedCapitalism

Donald, you just wrote the most honest colonial confession of the 21st century. When you say Venezuela must “return” its oil, land, and assets to the United States, you are not talking about law. You are talking about ownership. You are saying, out loud, what empire has always believed in private: What lies under Venezuelan soil belongs to Washington.

The money quote: “you know the old days, when you had a war, it was ‘to the victor the spoils.’”

Venezuela has the largest proven reserves of heavy crude in the world, with an estimated 303 billion barrels, as well as the largest reserves of light crude oil in the Western Hemisphere. But it’s not just that Venezuela is home to the largest oil reserves on the planet, it’s that those reserves are sitting “right next door” to the US, as Trump himself said in 2023:

President Trump’s obsession with seizing other countries’ oil goes back a ways, to even before he entered politics. Here he is explaining in 2011 why the US should seize half or more of Libya’s oil after murdering its leader, Muammar Muhammad Abu Minyar al-Gaddafi, and plunging what was arguably the richest country in Africa (on a per-capita basis) into total chaos.

There are, of course, a plethora of other reasons for the US’ aggressive moves against Venezuela that we’ve discussed before, including the country’s large deposits of gold, rare earth minerals and freshwater; the opportunity to open up a mid-sized country’s market to rampant privatisation and liberalisation.

It is, after all, the US, mainly during Trump’s two presidencies, that has been stealing all kinds of Venezuelan assets, from the country’s gold reserves to the oil tanker seized in the Caribbean last week, to the president’s official plane, to Venezuelan oil company Citgo.

Exxon has a long, rich history in Venezuela dating back over a century. Its predecessor, Standard Oil, was one of the first companies to explore for oil in the South American country in the 1910s

But that all came to a halt in 2005, when Hugo Chávez ordered all existing “operating agreements” with foreign oil companies to be converted into joint ventures in which the state oil company, Petróleos de Venezuela (PDVSA), held a mandatory majority stake (over 50% ownership and operational control). Exxon refused to sign while most other companies, including BP, Total and Chevron, took the deal.

That high-intensity conflict is now closer than ever. But it needs to be packaged and sold to US lawmakers, media, members of the armed forces, and Trump’s war-weary MAGA base. And that is where CSIS’ “experts” come in. And they appear to be marketing this war on behalf of a company (Exxon) that has much to gain from a military intervention, and which bears the biggest grudge against Venezuela’s Bolivarian movement.

https://www.nakedcapitalism.com/2025/12/shining-a-light-on-how-exxon-mobil-bankrolls-think-tank-experts-pushing-for-regime-change-war-in-venezuela.html

Day: December 19, 2025

Pakistan and the Act of Union

Brown Venezuela to be Invaded