Venezuela’s Oil, the Rule of Law, and the Limits of Economic Coercion
Cuba offers a stark illustration. Nearly seventy years of economic embargo have failed to dislodge the regime or produce meaningful political liberalization. Instead, the embargo has provided Havana with a durable external scapegoat while contributing to long-term economic stagnation. Venezuela risks following a similar path, with sanctions reinforcing authoritarian resilience rather than facilitating democratic transition.
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