Venezuela and Market Colonialism

Venezuela is trying to build the democratic dream, a first world economy, with nuevo socialism. The more difficult parts of building such an economy are a) without the benefits of neocolonialism and b) facing those who do have the benefits of neocolonialism [~1st world].

Fortunately they have supplies of oil upon which to build the infrastructure required to build this economy. But they only have perhaps 5-10 years to do it before peak oil shows up and brings out the world economic tide. In fact, a prosperous Venezuelan economy could tilt the world towards peace and prosperity in the face of peak oil.

The tweakings with oil are uninteresting. It's capital at this point. To spend it on what, though. Venezuela could produce a world-competetive motor company, power company, or industrial manufacturing setup that will defeat the current world infrastructure. The same thing could theoretically be done in Nigeria or Iran or any other country under the thumbs of 1st world economies and who have a slice of worldpie.

If VZ were to acquire or reinvent superefficient Pogue carubraters for motors and throw together some cheap and efficient vehicles like KIAs, they could master the automotive market. Even taking 5% of the world automotive market with very high efficiency vehicles [90+mpg] or publicizing the technology would produce a shakeup in the automotive world and oil market, and could provide VZ with an industrial economy based on innovation and low overhead to contend and interact with established world economies relying on massive infrastructure.

VZ could also build power companies and supply growing Brasil and itself with non-oil power and export it instead. If they studied and researched Stanley Meyer's water splitting device they could publicize it to protect themselves and begin production. This would launch the world into the free energy era regardless of the actions of the 1st world.

VZ or any nation or NGO could begin a publication and prototype system of these revolutionary technologies. The economic revelations and adjustments made to the world by such an activity
would equalize economic performance and dramatically improve the plight of the 3rd world and mobilize the populations of the 1st world. The revolution also would be purely economic, so it would reach all corners of the globe as fast as money and approximately zero industry-standard public bullets would be fired forcefully.

Please, let the market begin.