{"id":15976,"date":"2019-04-12T15:24:20","date_gmt":"2019-04-12T19:24:20","guid":{"rendered":"https:\/\/www.mdcthereporter.com\/?p=15976"},"modified":"2020-06-23T15:34:47","modified_gmt":"2020-06-23T19:34:47","slug":"trumps-sanctions-arent-helping-venezuela","status":"publish","type":"post","link":"https:\/\/mdcthereporter.com\/staging\/8357\/trumps-sanctions-arent-helping-venezuela\/","title":{"rendered":"Trump\u2019s Sanctions Aren\u2019t Helping Venezuela"},"content":{"rendered":"

The Donald J. Trump administration has been imposing sanctions on Venezuela since 2017. The main argument in favor of this is that the first few sanctions were primarily imposed on Venezuelan government officials such as Nicol<\/span>\u00e1<\/span>s Maduro. But one thing you aren\u2019t told is that the Maduro regime had billion dollar accounts overseas that might have been used to alleviate the economic crisis persisting in the country.<\/span><\/p>\n

Many people claim that the current Venezuelan government has destroyed a country that was resourceful and had a history of economic success. This popular view does not give the full picture\u2014for many years, Venezuela has been plagued with this sort of financial instability. One could blame it on government incompetence throughout the country\u2019s history, a correct assessment\u2014in a way.<\/span><\/p>\n

The reason I say \u201cin a way\u201d is because many people have the wrong idea of what government incompetence means. Famines and wealth disparity have been common in the country since the 20<\/span>th<\/span> century. As a matter of fact, you are probably unaware that the nationalization of oil had started during a conservative administration. This was because the country suffered from such immense economic problems that industry leaders ended up advocating for more government assistance for the oil industry, so that the country\u2019s primary source of revenue could be managed to keep the Venezuelan economy stable.<\/span><\/p>\n

When Hugo Chavez took charge, he inherited a system that had already been designed to help with the country\u2019s economic problems. The main problem with this system was that, despite economic growth, it maintained wealth disparities. The great mistake of the Chavista movement wasn\u2019t so much any radical change. Rather, it was radically frivolous in trying to maintain the previous economic system that had not benefited the country.<\/span><\/p>\n

One thing that did change was the distribution of this revenue; many new programs introduced during the Chavez regime<\/span><\/a> played a substantial role in helping to tackle the wealth disparity within the country. Literacy rates went up and health services were expanded to the poor. Despite these well-meaning but minimal reforms, abject poverty still affected many Venezuelans throughout the country.<\/span><\/p>\n

The Maduro regime has not improved this obvious crisis, but the United State\u2019s destructive policies haven\u2019t helped either. The Trump administration decided to impose sanctions on the country\u2019s state-owned oil company PDVSA, the company responsible for bringing in most of Venezuela\u2019s revenue and enabling it to survive. This has caused oil assets for the country to freeze, bringing the Venezuelan economy to a standstill. Many orders for medicine, food, and other basic needs have been halted by these sanctions.<\/span><\/p>\n

The constant threats from Trump administration officials such as National Security Advisor John Bolton and Vice President Mike Pence also haven\u2019t stopped the starvation and unrest stemming from these sanctions. To top it off, President Trump has now decided to consider military intervention as an option, despite the fact that Mexico has offered to mediate a resolution.<\/span><\/p>\n

The U.S. is already concerned about caravans of migrants moving toward their border; the introduction of even more Venezuelan refugees will only further the migrant crisis in Latin America and increase the potential conflict at the U.S. border. The Trump administration may not be so concerned with the aftermath of such an intervention; Bolton himself confirmed in an interview that the U.S. is considering the business interest that may benefit from the privatization of Venezuelan oil. The Trump administration has not considered any diplomatic option as of now, but perhaps opposition leader (and officially-recognized president) Juan Guaid\u00f3<\/span><\/a> could change this situation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Donald J. Trump administration has been imposing sanctions on Venezuela since 2017. The main argument in favor of this is that the first few sanctions were primarily imposed on Venezuelan government officials such as Nicol\u00e1s Maduro. But one thing you aren\u2019t told is that the Maduro regime had billion dollar accounts overseas that might […]<\/p>\n","protected":false},"author":535,"featured_media":14041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[13],"tags":[75,191,1575],"class_list":{"0":"post-15976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forum","8":"tag-politics","9":"tag-donald-trump","10":"tag-venezuela"},"yoast_head":"\nThe Trump Administration\u2019s Sanctions Aren\u2019t Helping Venezuela<\/title>\n<meta name=\"description\" content=\"Christopher Tellez writes about the economic crisis in Venezuela and the Trump Administration\u2019s destructive policy toward it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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