Economist Jeffrey Sachs: US Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017

More than 40,000 people have died in Venezuela since 2017 as a result of US sanctions, according to a new report by the Center for Economic and Policy Research co-authored by economists Jeffrey Sachs and Mark Weisbrot.

The report examines how US sanctions have reduced the availability of food and medicine in Venezuela and increased disease and mortality.

We speak with Jeffrey Sachs in our New York studio. In the report, he writes, “American sanctions are deliberately aiming to wreck Venezuela’s economy and thereby lead to régime change. It’s a fruitless, heartless, illegal, and failed policy, causing grave harm to the Venezuelan people.”