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link : Has Venezuelan President Maduro Embraced Capitalism?
Has Venezuelan President Maduro Embraced Capitalism?
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Patricia Laya and Alex Vasquez, Bloomberg: Maduro Embraces Capitalism and Venezuelan Emigres Are Returning
Carlos Viloria came home to Venezuela last month.
A 35-year-old lawyer, he’d had enough of 15-hour days and abusive bosses as a restaurant worker in Argentina for a year and a half, one of more than 5 million Venezuelans who’ve left over the past five years hoping to escape one of the world’s worst humanitarian catastrophes.
His return is also emblematic. “I’m going to find a job that pays in dollars,” he said.
After leading his country’s economy over a cliff, President Nicolas Maduro has brought it a certain measure of stability. By allowing dollars to flow freely and private enterprise to flourish in recent months, he seems to have breathed new life into his regime. He remains widely despised but emigration has begun to slow, people are returning and the government is enacting laws to tax dollar transactions and allow companies to issue debt in foreign currencies.
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WNU Editor: As my one contact in Caracus has told me repeatedly over the past two years .... never trust what Maduro and his government are promising are promising.
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