February 2nd, 2019

An Urgent Call for Compromise in Venezuela

The risk of a winner-takes-all approach in the country’s political crisis is extraordinary. It’s time to seek a negotiated transition.

By Francisco Rodríguez and Jeffrey D. Sachs

Over the past two weeks, the United States, with the support of several countries in Latin America, has recognized the government of Juan Guaidó, the president of Venezuela’s National Assembly, and given it control over the country’s oil revenues. By doing so, it has entered a dangerous game of chicken with the Venezuelan military: Abandon President Nicolás Maduro or face the devastation of the Venezuelan economy. The message is stark: Change regime or starve.

The United States is acting with typical bravado, assuming that all will be over soon: Mr. Maduro will leave, sanctions will be lifted and Venezuela and the United States will benefit. Mr. Maduro is widely despised inside and outside Venezuela, so many countries are falling in line with the Trump administration’s gambit.

The risks of this approach, however, are extraordinary…

Read the full article in the New York Times here.


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