Author Topic: Venezuela’s Capital is Booming. Is This the End of the Revolution?  (Read 269 times)

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Offline TomSea

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Venezuela’s Capital is Booming. Is This the End of the Revolution?

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Almost overnight, the country’s authoritarian leader, Nicolás Maduro, has made that possible — for some.

With the country’s economy derailed by years of mismanagement and corruption, then pushed to the brink of collapse by American sanctions, Mr. Maduro was forced to relax the economic restraints that once defined his socialist government and provided the foundation for his political legitimacy.

The changes have helped transform Venezuela in ways few in Washington or Caracas had envisioned, but that are reminiscent of how its allies, Cuba and Nicaragua, relaxed Communist policies and allowed some private investment when faced with economic collapse in previous decades.

Read more at: https://dnyuz.com/2020/02/01/venezuelas-capital-is-booming-is-this-the-end-of-the-revolution/