Tuesday, June 2, 2026

Ricardo Hausmann on Venezuela

Harvard Economist Ricardo Hausmann:
https://www.project-syndicate.org/commentary/how-venezuela-became-a-business-opportunity-for-trump-and-maduro-allies-by-ricardo-hausmann-2026-06
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating, and foreign exchange remains scarce. The disconnect reflects a political economy built on private dealmaking and a mutually beneficial alliance between ruling elites and US President Donald Trump’s acolytes. 

Related:
The Venezuelan Left that Fought U.S. Influence is Now at War with Itself
https://www.wsj.com/world/americas/the-venezuelan-left-that-fought-u-s-influence-is-now-at-war-with-itself-9a5174da
Acting President Delcy Rodriguez’s cooperation with Washington is exposing rare divisions inside the socialist movement that she rode to power.