U.S. sanctions have a long history of failing to initiate regime change Sanctions from both the Obama and Trump Administrations have failed to have a material impact on Venezuela’s regime The dire situation in Venezuela has provided Russia, China and Iran to expand their influence in the crisis-stricken country Two decades of malfeasance and corruption coupled with sharply weaker crude oil prices and ever stricter U.S. sanctions have precipitated the worst modern economic collapse outside of war in Venezuela. The crisis-riven Latin American country, which was once considered the wealthiest and most stable democracy in its region, is on the verge of collapse. While U.S. policymakers continue to believe that tough sanctions will bring the autocratic Maduro government to its knees and trigger regime change there are increasing signs that they are failing and have in fact strengthened his position. This is supported by events that have occurred since […]