The problem isn’t that domestic investors are treated any differently in Venezuela than foreign investors. All investors are subjected to the same arbitrary set of rules and regulations. Restoring the country’s productivity requires re-establishing predictability and respect for private property.
At what point is a country considered in crisis? Is it when basic goods aren’t available? Is it when citizens must choose between “having a life” or waiting endless hours in “colas” (lines) to go shopping for the little that’s left?
The December 6, 2015 elections brought positive change for Venezuela, but this is only the beginning in a long process that is likely to be complicated and in which a positive outcome is far from guaranteed.
One of the legacies President Barack Obama will leave to his successor is increased foreign policy leverage in Latin America. Nowhere is this more evident than in U.S. policy toward Cuba and Venezuela—and because of those two countries with the rest of the hemisphere.
La democracia tiene un solo camino: el compromiso con los derechos garantizados a todos los ciudadanos del país. Su esencia es proteger los derechos y las decisiones del pueblo respecto a un gobierno que podría abusar de su poder, ignorando o rechazando los resultados de la elección. Esto es de extrema seriedad porque constituiría la violación de principios fundamentales.
If the absence of protests or conflict on an election day is an indicator of success, then the success of the Union of South American Nations’ (UNASUR’s) election “accompaniment” of Venezuela’s December 6th legislative elections was smashing.