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IPFS News Link • Venezuela

Venezuelan emigrants return as Maduro embraces capitalism


Carlos Viloria came home to Venezuela last month.

A 35-year-old lawyer, he'd had enough of 15-hour days and abusive bosses as a restaurant worker in Argentina for a year and a half, one of more than 5 million Venezuelans who've left over the past five years hoping to escape one of the world's worst humanitarian catastrophes.

His return is also emblematic. "I'm going to find a job that pays in dollars," he said.

After leading his country's economy over a cliff, President Nicolas Maduro has brought it a certain measure of stability. 

By allowing dollars to flow freely and private enterprise to flourish in recent months, he seems to have breathed new life into his regime. 

He remains widely despised but emigration has begun to slow, people are returning and the government is enacting laws to tax dollar transactions and allow companies to issue debt in foreign currencies.

All are signs that, despite a triumphant world tour including a White House meeting with President Donald Trump, opposition leader Juan Guaidó is further away from ousting Maduro than he was a year ago when he announced that plan and won wide international support.

Anarchapulco 2023