While the UN World Food Programme will help hundreds of thousands of Venezuelans in need, one has to remember that a true economic recovery is only possible after a political transition to democracy is achieved in Venezuela.
“What I propose is to make universal what today belongs to a privileged minority. Let’s empower our people, by giving them not only the access but also the necessary tools to join the globalized world and, therefore, the process of economic development.”
Heavy Conflicts between the Venezuelan army and guerrilla groups have resulted in over 5000 Venezuelans crossing the border to Colombia out of fear.
In February, China bought over 500 thousand barrels per day of Venezuelan oil, the purchases were carried by “phantom companies,” and through “dark voyages.”
Maduro’s new economic proposals entail the deepening of Venezuela’s implicit dollarization, and the Soviet-style privatization of strategic economic sectors, such as the country's oil industry.