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Response to Blue_Tires (Reply #11)

Thu May 2, 2019, 06:40 PM

12. Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017

Sachs is about as reputable an economist as it gets.

Evidently you have not been paying much attention to Venezuela. Judi Lynn does pay attention. Just because one does not embrace USA foreign policy and methods regard "regime change" does not mean one embraces Maduro. Neither does not approving of aggressive foreign policy make one a commie or otherwise supporter of the Kremlin; that is sleazy and stupid, evidently you are a fan of Trump and Bolton and 3rd world oligarchs in general. See how that works?

May 01, 2019

More than 40,000 people have died in Venezuela since 2017 as a result of U.S. sanctions, according to a new report by the Center for Economic and Policy Research co-authored by economists Jeffrey Sachs and Mark Weisbrot. The report examines how U.S. sanctions have reduced the availability of food and medicine in Venezuela and increased disease and mortality. We speak with Jeffrey Sachs in our New York studio. In the report, he writes, “American sanctions are deliberately aiming to wreck Venezuela’s economy and thereby lead to regime change. It’s a fruitless, heartless, illegal, and failed policy, causing grave harm to the Venezuelan people.”

AMY GOODMAN: This is Democracy Now! I’m Amy Goodman. Our guests are Miguel Tinker Salas, a Venezuelan professor at Pomona College in California; Jeffrey Sachs is with us here in New York, leading economist and director of the Center for Sustainable Development at Columbia University. He’s recently co-authored a report for the Center for Economic and Policy Research headlined “Economic Sanctions as Collective Punishment: The Case of Venezuela.”

So much is being used against the presidency of Maduro, saying he’s brought the country to an economic standstill. You make a different case, Jeffrey Sachs.

JEFFREY SACHS: Well, it’s not an economic standstill. It’s a complete economic collapse, a catastrophe, in Venezuela. There was a crisis, for sure, before Trump came to office, but the idea of the Trump administration, from the start, has been to overthrow Maduro. That’s not a hypothesis. Trump was very explicit in discussions with presidents of Latin America, where he asked them, “Why shouldn’t the U.S. just invade?” He said that already in 2017. So the idea of the Trump administration has been to overthrow Maduro from the start. Well, the Latin leaders said, “No, no, that’s not a good idea. We don’t want military action.” So the U.S. government has been trying to strangle the Venezuelan economy.

It started with sanctions in 2017 that prevented, essentially, the country from accessing international capital markets and the oil company from restructuring its loans. That put Venezuela into a hyperinflation. That was the utter collapse. Oil earnings plummeted. The earnings that are used to buy food and medicine collapsed. That’s when the social, humanitarian crisis went spiraling out of control. And then, in this year, with this idea, very naive, very stupid, in my view, that there would be this self-proclaimed president, which was all choreographed with the United States very, very closely, another round of even tighter sanctions, essentially confiscating the earnings and the assets of the Venezuelan government, took place.

Now Venezuela is in complete, utter catastrophe, a lot of it brought on by the United States deliberately, creating massive, massive suffering. We know there’s hunger. We know there’s a incredible shortage of medical supplies. We can only imagine, because we won’t know really until the dust settles and careful studies are done, how much excess mortality there is, but, surely, in a context like this, this is a catastrophe largely created by the U.S., because, as was said earlier, this is an all-or-nothing strategy. What the U.S.—what Trump just doesn’t understand and what Bolton, of all, of course, never agrees to, is the idea of negotiations. This is an attempt at an overthrow. It’s very crude. It’s not working. And it’s very cruel, because it’s punishing 30 million people.

Remainder of interview transcript and video under a Creative Commons License at:

https://www.democracynow.org/2019/5/1/economist_jeffrey_sachs_us_sanctions_have

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Judi Lynn Apr 2019 OP
roody Apr 2019 #1
Blue_Tires Apr 2019 #2
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Judi Lynn May 2019 #6
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Blue_Tires May 2019 #11
LineLineLineLineLineLineNew Reply Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017
PufPuf23 May 2019 #12
Judi Lynn May 2019 #14
PufPuf23 May 2019 #15
Blue_Tires May 2019 #17
Blue_Tires May 2019 #16
Blue_Tires May 2019 #18
PufPuf23 May 2019 #19
reACTIONary Apr 2019 #4
Judi Lynn May 2019 #5
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