Episode Details

1900 CARACAS
Venezuela’s Uncertain Path Toward Democracy
Mary Anastasia O’Grady analyzes Venezuela’s uncertain path toward democracy following the removal of Maduro. The U.S. strategy prioritizes restoring Venezuelan oil production—which has fallen below one million barrels daily—and forming new judicial and electoral bodies before holding rescheduled elections. However, opposition figures like María Corina Machado remain sidelined. O’Grady notes that foreign oil companies hesitate to invest significant capital without legitimate, transparent contracts in an environment governed by an unrepresented dictatorship. (2)