Venezuela was at one point one of the world's richest economies (among the top 5 in terms of GDP), then it's central banking and government policies resulted in economic mismanagement. It wasn't long until Chavez, a socialist strongman, swept into power promising wealth redistribution to the country's poor who account for the vast majority of the population. More than 20 years later, Venezuela is rationing and suffering shortages the kind of which they have not experienced in living memory. There is no doubt outside forces, predominantly American, are attempting to undermine Venezuela's leadership and exacerbating their circumstances, but there is no mistaking that Venezuela's policies are as much to blame for their current struggles.
I don't think the US will stage a military intervention in Venezuela, but this is their second attempt to force the Chavistas out of power. The coup failed in 2002. And now this effort to put Guaido into power will likely fail too. That means Russia and China will retain quite a bit influence in South America--inside the western hemisphere, American "turf." This is a prospect that is deemed unacceptable to American leaders.
It's an unfortunate state of affairs for Venezuela and I don't see things improving for a long time to come. I'm concerned the US will be satisfied to simply cripple Venezuela for the time being, like it had done to Iraq under Clinton.
I don't think the US will stage a military intervention in Venezuela, but this is their second attempt to force the Chavistas out of power. The coup failed in 2002. And now this effort to put Guaido into power will likely fail too. That means Russia and China will retain quite a bit influence in South America--inside the western hemisphere, American "turf." This is a prospect that is deemed unacceptable to American leaders.
It's an unfortunate state of affairs for Venezuela and I don't see things improving for a long time to come. I'm concerned the US will be satisfied to simply cripple Venezuela for the time being, like it had done to Iraq under Clinton.
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