Venezuela has been subject to severe sanctions from the United States and the European Union. The hope was that economic pressure on Nicolas Maduro’s authoritarian regime would force democratic elections and changes in governance. That did not happen.
In the international media, the Venezuelan government is still often referred to with the prefix ‘socialist’. Inside the country, a disorderly deregulation process is opening more spaces to the market, yet it is also creating apparent new inequalities. Towards what kind of economic system is Venezuela moving? Faced with a dearth of public data, we … Continued