America's 'Maximum Pressure' Policy On Venezuela Has Failed

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…