The David McWilliams Podcast Venezuela Falls, Cuba Trembles with Marla Dukharan
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Jan 8, 2026 
In this discussion, economist Marla Dukharan, known for her insights on Caribbean economies, unpacks the profound consequences of U.S. actions in Venezuela. She reveals that Caribbean nations hold staggering debts tied to Venezuela, some as high as 50% of their GDP, even as millions flee the country. Dukharan warns that if Venezuela's oil disappears, Cuba could face economic collapse. The episode delves into the complex interplay of historical ties, regional dependency, and the dark side of humanitarian interventions.
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A Geopolitical Tipping Point
- The US action in Venezuela could trigger a rapid geopolitical reset across the Americas similar to 1989 in Europe.
- David McWilliams argues Cuba is uniquely vulnerable because it depends heavily on Venezuela and is intensely disliked by the US.
From Prague To Rapid Collapse
- David recounts being in Czechoslovakia in 1988 and witnessing repression that felt permanent but collapsed within weeks.
- He uses that memory to illustrate how entrenched regimes can fall rapidly once cascades begin.
Caracas: From Wealthy Hub To Decline
- Marla Dukaran describes Caracas as wealthy when she was a child, with advanced infrastructure like a subway.
- She contrasts that past prosperity with Venezuela's later decline under the Bolivarian revolution.
