“The people's oil”
This article examines similarities and differences in the development of the oil industries of Brazil, Mexico, and Venezuela through an analysis of the struggles and alliances between their elites, political classes, and diverse popular forces. The analysis demonstrates that although history has produced popular skepticism over the meaning of the state's claim that “our oil belongs to the people,” a popular imaginary of the potential link between national resource sovereignty and social justice has had powerful historical effects. Despite the structural differences between these cases, it remains today at the center of emergent alternatives that cannot be dismissed simply as a return to the populism of the past. While its main significance in Mexico to date has been to impede persistent efforts to privatize the industry, in the cases of Venezuela and Brazil we may now talk of significant possibilities for building a more multipolar world economic order.