That is why in the Western Hemisphere, the United States has stood against the corrupt and destabilizing regime in Cuba and embraced the enduring dream of the Cuban people to live in freedom. My administration recently announced that we will not lift sanctions on the Cuban government until it makes fundamental reforms.
We have also imposed tough, calibrated sanctions on the socialist Maduro regime in Venezuela, which has brought a once thriving nation to the brink of total collapse.
The socialist dictatorship of Nicolas Maduro has inflicted terrible pain and suffering on the good people of that country. This corrupt regime destroyed a prosperous nation by imposing a failed ideology that has produced poverty and misery everywhere it has been tried. To make matters worse, Maduro has defied his own people, stealing power from their elected representatives to preserve his disastrous rule.
The Venezuelan people are starving and their country is collapsing. Their democratic institutions are being destroyed. This situation is completely unacceptable and we cannot stand by and watch.
As a responsible neighbor and friend, we and all others have a goal. That goal is to help them regain their freedom, recover their country, and restore their democracy. I would like to thank leaders in this room for condemning the regime and providing vital support to the Venezuelan people.
The United States has taken important steps to hold the regime accountable. We are prepared to take further action if the government of Venezuela persists on its path to impose authoritarian rule on the Venezuelan people.
We are fortunate to have incredibly strong and healthy trade relationships with many of the Latin American countries gathered here today. Our economic bond forms a critical foundation for advancing peace and prosperity for all of our people and all of our neighbors.
I ask every country represented here today to be prepared to do more to address this very real crisis. We call for the full restoration of democracy and political freedoms in Venezuela. (Applause.)
The problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented. (Applause.) From the Soviet Union to Cuba to Venezuela, wherever true socialism or communism has been adopted, it has delivered anguish and devastation and failure. Those who preach the tenets of these discredited ideologies only contribute to the continued suffering of the people who live under these cruel systems.
America stands with every person living under a brutal regime. Our respect for sovereignty is also a call for action. All people deserve a government that cares for their safety, their interests, and their wellbeing, including their prosperity.