"The Trump administration is repeating the collective punishment strategy in Venezuela with a crippling financial embargo since August 2017 and, since January, a trade embargo. The financial embargo has prevented any measures that the government might use to get rid of hyperinflation or bring about an economic recovery, while knocking out billions of dollars of oil production. The trade embargo is projected to cut off about 60 percent of the country’s remaining meager foreign exchange earnings, which are needed to buy medicine, food, medical supplies, and other goods essential to many Venezuelans’ survival."
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Academics from the United StatesColumnists from the United StatesNon-fiction authorsEconomists from the United StatesPeople from Chicago
Original Language: English
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Sources
The Reality Behind Trump’s Coalition for Regime Change in Venezuela, The New Republic, (13 March 2019)
https://en.wikiquote.org/wiki/Mark_Weisbrot
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Mark Weisbrot
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