The US Must End Its Economic War Against Venezuela

Homepage | Forums | Main Forums | General Discussion | The US Must End Its Economic War Against Venezuela

Viewing 1 reply thread
  • Author
    Posts
    • #485024
      JonLP
      Participant
      • Total Posts: 3,639

      Jesús “Chuo” Torrealba, a 63-year-old journalist and social worker, is a prominent figure in Venezuela’s opposition. He was secretary-general of the Democratic Unity Roundtable, the leading coalition of organizations opposed to the government of President Nicolás Maduro. He has 1 million followers on Twitter. And even he says the harsh US economic sanctions imposed on Venezuela over the past four and a half years have failed and should be eased.

      In August 2017, the Trump administration declared economic warfare against Venezuela. Torrealba told me that the sanctions have not weakened the Maduro regime, but they have helped push millions of Venezuelans out of the country. Some 6 million have now fled—the largest exodus in Latin American history. The mass departure from Venezuela is now the third largest in the world, trailing only Syria and Ukraine.

      Torrealba said the sanctions have backfired. The United States has blocked most of the country’s oil exports and essentially cut it off from international finance. On paper, the sanctions made exceptions for the sale of food and medicines, but nearly all global companies have steered clear of the country, afraid to violate US law, even if by accident. “The Trump administration believed that if you make people suffer, if you impose the politics of pain, that you will promote a general insurrection,” he said. “That has not happened. Hungry people do not revolt. Meanwhile, the Maduro regime’s leading figures are not suffering. Ordinary people are.”

      (Snip)

      There is an additional factor. The war in Ukraine has raised the price of oil. Easing sanctions could restore some Venezuelan oil to the market, slowing the global price increase. US diplomats have been to Caracas for talks, and US energy firms are already signaling their interest in Venezuelan oil.

      https://www.thenation.com/article/world/venezuela-economic-sanctions/

       

      Let this radicalize you rather than lead you to despair - Mariame Kaba

      Like many public systems, GOP want to rip the battery out + say the whole car doesn’t work, so they can sell it for parts - AOC

    • #485063
      Ohio Barbarian
      Moderator
      • Total Posts: 24,637

      It’s clear he and his Ivy League advisers never thought their sanctions on Russia would backfire so badly, and their imperial overreach vis-a-vis Venezuela is glaring. Venezuela has a state of the art Russian anti-air system manned by Russians so American airpower is neutralized, and Chinese anti-ship missiles to make any naval invasion costly.

      Yet the official policy is still regime change. They seem to think Maduro will make an oil deal without insisting they lift the sanctions. Why should he do that?

      Never let your morals stop you from doing the right thing.--Isaac Asimov

      The United States is also a one-party state but, with typical American extravagance, they have two of them.--Julius Nyerere

Viewing 1 reply thread
  • You must be logged in to reply to this topic.