Nicolás caged: what next for Venezuela?

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<p>America’s National Security Strategy, released a month ago, suggested the administration’s focus was on dominance of the western hemisphere. But no one expected its first move would be a <a href="https://www.economist.com/the-americas/2026/01/03/how-the-pentagon-snatched-nicolas-maduro?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">special-forces raid</a> to depose President Nicolás Maduro. What is next comes with <a href="https://www.economist.com/the-americas/2026/01/04/the-many-risks-to-donald-trumps-plans-to-run-venezuela?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">grave risks</a>. And the video-games business wants to escape its rut by finding <a href="https://www.economist.com/the-world-ahead/2025/11/12/as-spending-stalls-the-video-gaming-industry-is-searching-for-growth?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">whole new markets</a>—geographically and demographically.</p><br><p><em>Get a world of insights by </em><a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank"><em>subscribing to Economist Podcasts+</em></a><em>. For more information about how to access Economist Podcasts+, please visit our </em><a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank"><em>FAQs page</em></a><em> or watch </em><a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank"><em>our video</em></a><em> explaining how to link your account.</em></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>