Why Venezuela Is On the Brink of Disaster

Venezuela is in the midst of a humanitarian crisis with over 4 million people having fled the country which is facing massive shortages in crucial supplies and food, as well as mass unemployment.

Christopher Sabatini explains why failed economic policies and sanctions from the US, combined with an ongoing political stalemate and a disaffected population, have left it teetering on the brink of disaster.

He also outlines why the use of the Rio Treaty could bring improvements, because it may present a menu of options for sanctions which will require regional approval, thereby ensuring the decisions are not just seen as "Yankee interventionism".