Venezuela’s Downfall and the New World Order

The participants discussed the geopolitical and economic implications of the Venezuelan crisis, the shifting global order, and Sri Lanka’s strategic positioning. Charindra, Dhananath, and Riyad analysed the recent developments in Venezuela and the broader impact on the world order. They noted that while the Sri Lankan government issued a neutral statement expressing concern for Venezuelan sovereignty and international law, there is an underlying ideological tension between the ruling JVP party and the Maduro administration. The group discussed how current political trends reflect a return to versions of the Monroe Doctrine, where the U.S. seeks to protect its sphere of influence from external actors like China and Iran. They observed that as global lines between “black and white” diminish into “grey,” traditional alliances are being tested by trade wars and shifting supply chains, particularly regarding rare earth materials like tungsten.