The Trump administration is repeating the collective punishment strategy in Venezuela with a crippling financial embargo since August 2017 and, since… - Mark Weisbrot

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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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About Mark Weisbrot

Mark Alan Weisbrot is an American economist and columnist. He is co-director with Dean Baker of the Center for Economic and Policy Research (CEPR) in Washington, D.C. Weisbrot is President of Just Foreign Policy, a non-governmental organization dedicated to reforming United States foreign policy.

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Bolivia has descended into a nightmare of political repression and racist state violence since the democratically elected government of Evo Morales was overthrown by the military on 10 November last year. That month was the second-deadliest in terms of civilian deaths caused by state forces since Bolivia became a democracy nearly 40 years ago... Morales' government was able to reduce poverty by 42% and extreme poverty by 60%... The November coup was led by a white and mestizo elite with a history of racism, seeking to revert state power to the people who had monopolised it before Morales’ election in 2005. The racist nature of the state violence... all of the victims of the two biggest massacres committed by state forces after the coup were indigenous.

All of this is illegal under numerous treaties that the U.S. has signed, including the charter of the United Nations, the charter of the Organization of American States, and other international law and conventions. To legitimize this brutality, which has likely already killed thousands of Venezuelans by reducing access to life-saving goods and services, the Trump administration has presented the sanctions as a consensus of the “international community”—similar to what George W. Bush did when he put together a “coalition of the willing” of 48 countries to support his disastrous 2003 invasion of Iraq.

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Seeking to foment a military coup, a popular rebellion, or civil war, the Trump administration has made it clear that the punishment will continue until the current government is ousted. “Maduro must go,” said U.S. Vice President Mike Pence yet again in early March.

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