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