Has Caracas Fallen?
Despite a litany of devastating geopolitical trends that includes the collapse of domestic oil production and overall global oil prices exacerbated by the pandemic, depleted foreign reserves, a humanitarian crisis and US-led sanctions that have rendered Venezuela as nothing more than a failed state, counter-intuitively the Maduro-led government remains in greater control than ever and impervious to every political and economic challenge. Sadly for the Venezuelan citizenry as the US and the world prioritize combating Covid-19, conditions will remain unchanged for the short and medium term.