The United States Helps Venezuela’s Regime Survive

By the end of 2020, Venezuela’s per capita income will have shrunk to less than one-third of what it was when President Hugo Chávez died in office in 2013. This contraction—equivalent to three Great Depressions—is the largest documented in Latin American economic history and one of the ten largest in world history. More than five million people—or around one-sixth of the population—have left the country, and poverty rates have tripled. A country rarely suffers such a precipitous deterioration of living standards outside of wartime. Yet Venezuela’s autocrat, Nicolás Maduro, remains firmly ensconced in the Miraflores Presidential Palace. By Francisco Rodríguez. Full Text-> ForeignAffairs

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