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Coup d’état plan in Venezuela orchestrated with the US support

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Atilio Boron is an Argentine sociologist, political scientist, professor and writer. PhD in Political Science from Harvard University, who closely follows the political and geopolitical realities of Latin America and the world. On July 29, one day after the presidential elections were held in Venezuela, I met with Boron, in the lobby of the Gran Meliá hotel in Caracas, where part of the more than 1,000 international and national observers were staying. The electoral observers were invited by different institutions of the Venezuelan State to participate in the democratic event of the year in the Caribbean country.

By the time I conducted the interview, on Monday afternoon, a good part of the streets of the Venezuelan capital were filled with demonstrators, most of them protesting peacefully, demonstrating their disapproval of the result of the electoral elections on the 28th of July, when the majority of Venezuelans who exercised their right to vote elected the current president Nicolás Maduro for a new term (2025-2031). 

However, in parallel, a group of masked people moving in blocks of several dozen motorcycles began to violently take control of the city. Literally, Caracas began to burn and other cities in the country joined the protests, which had stopped being democratic and peaceful and turned into a civic Coup d’état with mercenaries paid by the Venezuelan and international extremist right.

In this context of growing tension and uncertainty, we interviewed the Argentine intellectual, who was also in Caracas as an international observer of the Venezuela election process. Days later I met again with Atilio Boron to complete the interview that was initially truncated. These are some of his impressions about what is happening in Venezuela today, a country under siege and at war, according to our interviewee.

Please, could you give us a balance of what happened in Venezuela the day after the re-election of Nicolás Maduro?

The balance I can give you is that the Carter Center, a renowned American institute, has been in Venezuela for more than two weeks, carrying out an evaluation of the Venezuelan electoral system. The Carter Center has said that the Venezuelan electoral process has the necessary conditions of reliability, transparency and honesty, and that they have not detected anything that has caught their attention, that is, they have not found any flaw in the system that, as of there, allows the popular will to be distorted or twisted. This is what this expert institute in electoral processes has declared about the presidential elections in Venezuela.

On the other hand, we have seen how, in front of more than 1,000 national and international observers – and after a demonstration of unquestionable force of the majority will of the Venezuelan population that achieved the re-election of President Nicolás Maduro with more than 6 million votes – violent and undemocratic sectors of the Venezuelan opposition are plotting an attempted coup d’état, something they have been announcing for some time.

The most fascist and retrograde expression of the Venezuelan opposition, led by María Corina Machado and company, has not only instigated, provoked, promoted, but has financed violent groups that live outside the law to generate chaos on the streets. They take advantage of the other part of the population that – after years of US blockade and suffocation – has suffered and endured needs of all kinds. This part of the population, whose electoral choice was not Nicolás Maduro, is exercising its legal and legitimate right to protest, and for the most part it is doing so peacefully.

However, the leaders of the opposition that came in second place in this electoral race, that is, that is called to be the majority opposition force to the Chavista government, launched a coup plan to ignore the Venezuelan electoral authority, the National Electoral Council (CNE), and to ignore the popular will. Are these the political actors who claim to be the democratic opposition to the government? It is nonsense to think that they really want the best for the Venezuelan people. They have always played at destabilization and unconstitutionally overthrowing the Chavista governments, once again they have demonstrated it, their plan is different. 

In conclusion, an international operation was mounted to ignore the victory of Nicolás Maduro. I have been in the profession for almost half a century and I would dare to say that I have never seen such a coordinated and systematic effort by the right and the international extreme right, supported by the hegemonic media in Latin America and the world. But no one has been able to prove fraud, because there has been no fraud. The Venezuelan opposition obtained a non-negligible proportion of votes, 5 million votes is an important number, but it is located in the historical statistics of votes, both those obtained by Chavismo and by the opposition, represented by 9 presidential candidates who faced each other Nicolás Maduro, although the most prominent opposition figure was Edmundo González, of the Venezuelan extreme right.

Do you consider that what we are seeing in the streets is spontaneous?

Not at all, it is absolutely planned, as I said it is a coup plan, orchestrated and with US support, as is usually the custom and as history has painfully demonstrated in Latin America and other regions of the world. Edmundo González, the buffoon candidate, and María Corina Machado had claimed fraud long before the presidential elections were held in Venezuela. They prepared the ground to make an indisputable fact questionable: the strength of democracy in Venezuela and the anti-fraud protection of the Venezuelan electoral system. 

As I said, the Carter Center, which we cannot say is a Chavista institute, has also said that the Venezuelan electoral process is one of the most complete and secure in the world. There is no way for the results to be manipulated in favor of one candidate or another, since it has countless security locks. Well, but the opposition continued to support that idea, the idea of ​​fraud, to reach this moment with arguments – most of them unfounded – that could light up the streets and give the image they were looking for, Venezuela in flames rejecting Nicolás Maduro. The objective is to erase from the mind the legacy of Chávez, of the Bolivarian Revolution and hand the country over to imperial and corporate interests.

Do you think Western sanctions have had an impact on these socio-economic problems?

I say that the opposition has spread mostly unfounded arguments, because in Venezuela there are real economic and social problems, low salaries, lack of certain goods and services in an important part of Venezuelan society. In this regard, I believe that President Nicolás Maduro was wrong when he said that this was a fight between good and evil. I believe that the Venezuelan president should have called, or summoned, spoken to that sector that negatively affects him in Venezuelan society, but it is a democratic sector and has suffered the effects of the United States economic sanctions. If this sector does not feel included, or feels attacked by the current government, it may take an attitude of not wanting to dialogue and this can have many consequences such as, for example, the increase in Venezuelan migration to other countries and regions of the world, as has already happened. 

However, I want to reaffirm that what María Corina Machado, Juan Guaidó, Leopoldo López and other Venezuelan opposition figures have done, calling for military intervention and increasing economic sanctions against their own country, in the United States or in any other country of the world, the world would have very serious criminal consequences.   

Regarding Venezuelan immigration, it is known that an uncertain number of several million Venezuelans had to migrate to many parts of the world. How have the country’s socio economic problems affected support for Maduro?  

I think migration in Venezuela is a drama. Whether there are three, four or five, no matter how many millions have emigrated, is a drama because people do not want to leave their countries. There are other places where there may be less attachment, but Venezuelans have an enormous attachment to their country and their way of life and, therefore, all those people who are abroad are suffering just as their families are.

Let’s imagine that outside of Venezuela there is the minimum number, 3 million Venezuelans, there are 3 million families with people abroad and that obviously must have affected the electoral result, especially if they have not known how to transfer or communicate that the well-being they are experiencing Venezuela is going to continue. And I believe that one of the opposition’s desires has been precisely to try to stop this economic well-being that had already brought back 150,000 people in the Return to the Homeland Mission, a public policy that was responsible for the return of emigrants. 

In a short horizon, 150,000 people have returned to Venezuela, a significant number, and it is given in the moment of economic recovery that the country was experiencing. I assume that, if this growth continues, some speak of figures of 7% of the GDP, I believe that the probability that more Venezuelans will return is very high and there also the Maduro Government will have to show that those who expelled that enormous number of Venezuelans were the US government with their sanctions and that those who returned them, the Venezuelans, to the country have been the Bolivarian government, because if they are not able to make that understood as well, I believe that this vote can become a rebound effect.

Do you think that if the opposition came to power, it would expel the Chavistas from the State, in line with Western and pro-Western demands?

I believe that the arrival of the opposition to power would be a catastrophe, because the Venezuelan opposition does not defend liberal principles, they do not respect those who do not think like them, they have a patrimonial conception of Power and State, they believe that Power belongs only to them and I think that they would govern as owners of a farm. 

And that is what also makes many leaders say that the opposition cannot win unless it assumes its democratic principles, because it is going to set everyone on fire. That is why even people like Javier Milei have said be careful, be careful because what María Corina Machado implies is crazy, not only for Venezuela, but it is crazy for the entire region.

If it turns out that the opposition won the elections, well, everyone would have to accept it. But of course, since it is not the case that on top of that a person who promises revenge, fire and ashes, on top of that, does not want to recognize the winning result of Nicolás Maduro, these are all elements outside the slightest logic of common sense.

Is Maduro still a popular leader for the Venezuelan people?

Nicolás Maduro is in communion with those 6 million people who voted for him last Sunday, July 28. There is credibility, there is a people absolutely in communion, even those who may have voted for Nicolás Maduro without agreeing with the policy. I think that when they voted for him, they trusted that he was better than the opposition and, therefore, they gave him a vote of confidence.

If this is added to the people who have already recovered levels of proximity, trust, and sympathy, such as those that Commander Chávez had at some point, I believe that it is also a positive element so that in the coming years a new direction that really makes this claim of a new Venezuela very anchored in the 21st century true.

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US wealthy demolish multimillion-dollar mansions for land

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Wealthy buyers in the US are tearing down multimillion-dollar homes shortly after purchasing them for hundreds of millions of dollars.

According to a report by The Wall Street Journal, the trend is driven by a shortage of land in prestigious locations, particularly along coastlines.

For ultra-wealthy buyers, the prime factor has become the land’s location rather than the structure standing on it. After the acquired properties are flattened, newer, more modern homes are built on the cleared lots.

Drawing attention to the shift in the luxury real estate market, the report noted:

“The home itself, formerly the primary driver of an expensive real estate purchase, is now almost beside the point. Buyers are competing first and foremost for well-located land, situated on the ocean or a mountaintop.”

The newspaper cited moves by US billionaire William Lauder as an example. Lauder purchased the oceanfront estate of radio host Rush Limbaugh, who died in March 2023, for $155 million and had it completely demolished in July.

Lauder had previously torn down two homes situated on roughly 1.2 hectares of land along the Palm Beach coast. Having initially planned to construct his own residence on the parcel, Lauder subsequently sold the cleared plot for approximately $200 million.

Jonathan Miller, a real estate appraiser, stated that such transactions are becoming increasingly common as land prices rise.

Amid this momentum, estate agents have also begun marketing luxury homes directly as teardown lots.

Listings use artificial intelligence-generated imagery to showcase how the land would look without the structures on it.

Marketers avoid using the word “demolition” directly, resorting instead to terms such as “adaptive reuse”.

Teardown listings rise across luxury housing market

The trend is not confined to the coast and is spreading to other regions across the US.

Data from property brokerage Redfin reveals that references to demolishing buildings are becoming more frequent in sales listings.

The share of such listings exceeds 15% in the Bunker Hill Village area of Houston, while standing at 6.67% in Pimmit Hills, Virginia.

Dina Goldenteyer, a real estate agent working in Miami, remarked that serial demolitions have become more frequent because buyers no longer appreciate homes older than a decade.

Former retail executives Jamie Dooley and Christine Scott spent $3.7 million in 2020 to demolish a seaside home near Destin, Florida.

Although the couple spent five years building a modern home on the cleared site, they listed the resulting new structure with a demolition condition, citing the fact that no one wanted to buy the property as it stood.

William Paddock, an employee at the environmental consultancy WAP Sustainability, pointed to the environmental damage caused by this construction cycle.

Paddock emphasized that tearing down a home of roughly 1,000 square metres and replacing it with a new building of approximately 2,700 square metres generates a carbon footprint equivalent to the annual emissions of an average 250 American households.

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US inflation reaches 3.7% as midterm election campaign intensifies

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An uptick in September inflation as the US midterm elections approach has pushed the cost-of-living debate back to the centre of the agenda for Democrats seeking to regain control of Congress from Republicans.

Annual inflation stood at 3.7% in September, according to the Consumer Price Index published by the Bureau of Labour Statistics, with energy, petrol, and electricity costs rising on a monthly basis.

Food prices remained flat from August to September, recording a 2.5% increase compared with the same period last year.

Democrats are anchoring their election campaigns to pledges of easing the cost of living, blaming the price increases on President Donald Trump’s tariffs and the war with Iran.

Trump and Republicans, pointing to the numerous left-wing candidates who won primary elections this year, contend that the opposition has become captive to “communists” within the party.

When annual inflation stood at 2.4% in February, the US and Israel launched the Iran war on the final day of that month, and prices continued to climb throughout the conflict.

The recent acceleration has not entirely reversed the retreat from the 40-year peak of 9.1% recorded in June 2022; however, the rate has remained above the Federal Reserve’s 2% target for over five years.

Fed policymakers raised the benchmark interest rate by a quarter of a percentage point last month, citing the battle against stubborn inflation. Officials will convene again next week to consider whether to raise rates or hold them within the 3.75% to 4% target range.

Energy and fuel record sharpest increase since first month of war

In September, energy prices posted their largest monthly jump since March, the first full month of the war with Iran, climbing 20.4% year-on-year. Energy costs had risen 2.1% from July to August, after falling 1.5% from June to July and 5.7% from May to June.

Recent escalations in Iranian attacks on oil tankers in the Strait of Hormuz, alongside more frequent strikes by Ukrainian forces against Russian refineries, have strained global crude oil and refined product markets, driving up US petrol and diesel prices.

Petrol prices also recorded their sharpest monthly increase since the first month of the war, climbing 9.1% from August to September, bringing the annual increase to 35.3%.

American Automobile Association (AAA) data shows the average price of regular petrol across the US stands at $4.26 per gallon; while below the level of roughly $4.48 recorded a month ago, it remains more than $1.20 higher than a year earlier. Average gallon prices exceed $6 in California and $5 in both Washington state and Nevada.

Electricity prices rose 0.2% from August to September, offsetting the 0.2% decline between July and August, and were up 4.4% year-on-year.

Heavy power demand from new data centres is feeding through into local household electricity bills. Trump argued that companies must cover the cost of the electricity required by their data centres themselves.

In a post on Truth Social, Trump claimed that he was requiring large data centres to generate their own power and feed the surplus back into the local grid, suggesting this could bring about “a major drop” in electricity prices.

Used vehicle market posts monthly rise as food costs stabilise

The cost of food at home fell 0.1% month-on-month in September, while dining out increased 0.2%.

Egg prices dropped to $2.27 a dozen, falling roughly 35% compared with September 2025 and remaining well below the 20-year peak of $6.23 recorded in March 2025.

Ground beef prices rose roughly 2.4% compared with September 2025, but at $6.48 a pound, they remained below the 20-year high of $6.98 reached in June.

Chicken held steady at its year-earlier level of $2.06 per pound last month, having fluctuated between $2.01 and $2.09 since November 2024.

Used car and truck prices fell 1.5% compared with September 2025, but rose 0.7% month-on-month in September following 0.4% increases in both July and August.

Heather Long, chief economist at Navy Federal Credit Union, noted that the sector faces severe pressure stemming from a combination of expensive replacement parts and a shortage of skilled labour.

Speaking to The Hill, Long emphasised that every cost pressure across the market is being felt directly at local auto repair shops.

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Anthropic posts $80.7bn loss ahead of IPO as computing costs soar

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Anthropic, developer of the artificial intelligence model Claude, reported a net loss of $80.7 billion for the first six months of 2026 ending 30 June.

According to a report by The Wall Street Journal citing the company’s draft initial public offering prospectus, this recorded loss nearly doubled the $42 billion loss incurred across the entirety of 2025.

The vast majority of that enormous figure, accounting for $72 billion, stemmed from accounting-driven book-value write-downs.

In contrast, the company saw a sharp surge in revenue, with turnover in the first half of the year climbing to $16.3 billion from $1.1 billion in the same period of the prior year.

During this period, Anthropic spent approximately $9 billion on computing power and infrastructure needs, surpassing in just six months the $7.3 billion spent across the whole of 2025.

The company has commitments to pay roughly $450 billion over the next seven to 10 years under cloud service contracts.

Under these obligations, contracts are planned for $111 billion with Google Cloud, $110 billion with Amazon Web Services, and $31 billion with Microsoft.

Anthropic will also spend up to $86 billion by 2033 and 2034, respectively, to lease Nvidia chips through smaller AI-focused cloud providers Nscale and Lambda.

The company could spend an additional $750 billion in the coming years to expand its computing capacity.

Roughly a third of the draft IPO prospectus was dedicated directly to risk factors.

The document highlighted the possibility that models could cause tangible real-world harm, noting that artificial intelligence could exhibit a “self-preservation” tendency and produce responses resembling “blackmail”.

Anthropic warned that the scale of damage caused by an AI-driven “catastrophic event” could render insuring against such risks impossible.

According to market expectations, Anthropic’s IPO could rank among the largest transactions in history, potentially surpassing SpaceX’s record.

Following the market debut, the company’s market valuation is projected to reach up to $2 trillion.

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