Jan 9, 2026

Joseph E. Stiglitz

Following the United States' illegal intervention in Venezuela, there is a palpable sense of uncertainty and foreboding, particularly among America's traditional allies. But it should already be obvious that things will not end well, either for the US or the rest of the world.

NEW YORK – US President Donald Trump has drawn a wave of criticism for his actions in Venezuela, violations of international law, disdain for longstanding norms, and threats against other countries – not least allies like Denmark and Canada. Around the world, there is a palpable sense of uncertainty and foreboding. But it should already be obvious that things will not end well, neither for the United States nor the rest of the world.