Why Maduro Can Stay Afloat Despite More U.S. Sanctions on Venezuela

Reports from Caracas of browbeaten protesters retreating from the streets are another grim reminder of the inability of sanctions to single-handedly change the behavior of an entrenched and increasingly autocratic government. Rather than undermine the regime in Venezuela, the recent series of U.S. sanctions appear to have set off a wave of unintended consequences. Not only have sanctions strengthened the legitimacy of President Nicolas Maduro’s claims of U.S. imperialism—the Trump administration has already threatened military intervention—they have provided a convenient excuse to round up opposition leaders on the charge of treason. Over time, other actions detrimental to U.S. interests will […]