Historian Niall Ferguson discusses President Trump’s decision to oust Venezuelan President Nicolás Maduro, labeling it as overdue. He analyzes U.S. intervention history in Latin America, introduces the “Trump Corollary,” and evaluates the potential risks of regime change while considering global consequences involving China, Iran, and regional power dynamics.
The year 2026 marks significant geopolitical instability, driven by an unpredictable U.S. political shift and ongoing global conflicts. While some nations, like China and India, bolster their positions, Europe faces heightened challenges. An AI revolution is also underway, complicating governance. The global landscape is turbulent, with lasting implications for future generations.
Brazil, Chile, Colombia, Uruguay, Mexico, and Spain issued a joint statement condemning unilateral military actions in Venezuela, emphasizing adherence to international law and advocating for dialogue led by Venezuelans. However, the critique highlights the hypocrisy of these nations, which previously failed to challenge Nicolás Maduro’s human rights violations and electoral fraud.
The power of weapons is evident. A country that spends nearly $200 billion annually on defense, invests around $200 million daily, and, at least in theoretical terms, has the best army in the world, should be able to impose its will. Both the United States and Russia boast cutting-edge armed forces, but recent experience has shown that theoretical superiority does not guarantee victory.
Political risk persists, but investment opportunities Surge Executive Summary of Content: Democracy is on the ballot in key elections in 2024 Still-tight global financing conditions will weigh on the growth outlook El Ni��o will bring even more disruption Critical mineral development will gather steam Nearshoring will present more opportunities amid global fragmentation Major infrastructure programmes …
Ricardo Pascoe Pierce Simplifying what is happening in Latin America in political, economic, and social terms leads to a failure to perceive long-term trends. Instead, analyses tend to start from immediate circumstances to extrapolate long-term trends. A first warning is that simplifying trends into “left” …
Ricardo Pascoe Pierce The 28th Iberoamerican Summit ended with a minimum agreement to defend the sovereignty and territorial integrity of the countries. Still, it was unable to agree on that criterion in the case of the Russian invasion of Ukraine due to political differences between …
Ricardo Pascoe Pierce AMLO’s foreign policy has failed because it promotes an authoritarian ideology that most countries in Latin America do not accept. Examples abound, including his new “Latin American anti-inflation plan”, based on rhetorical, simplistic, and ideological ideas about the origin of inflation, as …
Ricardo Pascoe Pierce With his aspiration to be the leader of the Latin America left dead, AMLO resigns himself to being the godfather of dictatorships: Cuba, Nicaragua, and Venezuela. Today he parades with the Cuban President, exalting a non-existent “revolution”, and is silent in the …
Ricardo Pascoe Pierce After a reported “five-hour” conversation, the Presidents of Mexico, Andrés Manuel López Obrador, and Colombia, Gustavo Petro, announced an agreement to reconsider the strategy to fight drugs. They apparently decided that the fight against drugs, driven mainly by successive US governments, has …