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The Daily (NYT)

Venezuela, After Maduro

34 min episode · 2 min read
·
Anatoly Kermanayev

Episode

34 min

Read time

2 min

Topics

Productivity, Investing, Product & Tech Trends

AI-Generated Summary

Key Takeaways

  • Trump's Selection Criteria: Trump chose Delcy Rodriguez over popular opposition leader Machado because Rodriguez proved she could manage oil production and protect foreign investments, while Machado's refusal to negotiate with regime officials made her unreliable for maintaining economic stability and resource extraction deals.
  • Machado's Strategic Failure: Machado alienated Trump advisors by refusing to negotiate American prisoner releases, lost elite support by calling the military a narco cartel while simultaneously asking them to defect, and sacrificed domestic credibility by staying silent on Trump's deportation of Venezuelan migrants.
  • Economic Transformation Under Delcy: Starting in 2019, Rodriguez dismantled socialist policies including price controls and currency restrictions, creating an unregulated capitalist system that stabilized inflation and enabled moderate growth from 2021 onward, winning over business elites who now support regime continuity over Machado's promised overhaul.
  • Regime Survival Strategy: The Chavista movement has abandoned nationalism, socialism, and popular support, focusing solely on survival. Delcy must simultaneously denounce the US attack that killed 80 people to satisfy armed forces while opening Venezuela to American investment to avoid Maduro's fate under Trump's explicit threats.

What It Covers

After Trump's military operation removed Maduro from Venezuela, the regime remains intact under Vice President Delcy Rodriguez. Opposition leader Maria Corina Machado, despite winning 70% support, was sidelined for refusing to negotiate with the dictatorship.

Key Questions Answered

  • Trump's Selection Criteria: Trump chose Delcy Rodriguez over popular opposition leader Machado because Rodriguez proved she could manage oil production and protect foreign investments, while Machado's refusal to negotiate with regime officials made her unreliable for maintaining economic stability and resource extraction deals.
  • Machado's Strategic Failure: Machado alienated Trump advisors by refusing to negotiate American prisoner releases, lost elite support by calling the military a narco cartel while simultaneously asking them to defect, and sacrificed domestic credibility by staying silent on Trump's deportation of Venezuelan migrants.
  • Economic Transformation Under Delcy: Starting in 2019, Rodriguez dismantled socialist policies including price controls and currency restrictions, creating an unregulated capitalist system that stabilized inflation and enabled moderate growth from 2021 onward, winning over business elites who now support regime continuity over Machado's promised overhaul.
  • Regime Survival Strategy: The Chavista movement has abandoned nationalism, socialism, and popular support, focusing solely on survival. Delcy must simultaneously denounce the US attack that killed 80 people to satisfy armed forces while opening Venezuela to American investment to avoid Maduro's fate under Trump's explicit threats.

Notable Moment

Trump's decision to forcibly remove Maduro reportedly came after the Venezuelan leader repeatedly danced on television in response to American ultimatums, which Trump interpreted as personal humiliation and proof Maduro was calling his bluff rather than taking threats seriously.

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Episode Transcript

My is Venezuela, and my name is John Rodriguez. My name is Juan, and I'm in Caracas in the capital. My name is Carolina Hill. I live near the most important military complex here in Venezuela. Early January 3, it was, like, 01:57AM, and I was watching a movie with my sister, and everything went completely dark. And five seconds later, we heard the first explosion. I ran to the window to take a look at what was going on. My hands were shaking. I could only see the light of the moon. And we could hear the airplanes, and we could hear the helicopters, but we couldn't see them. And the walls of my building, the windows were shaking. I thought, now the gringos are here. They are attacking Carracas. Everybody in the city heard the noises. I think we were nervous, but at the same time excited because we thought they were overthrowing the government. They were freeing us from the dictatorship. Like, my girlfriend and I were crying and screaming. I called my mom. I called my brothers. Like, I called all my family. We were waiting for that for eight years. When Donald Trump put up the picture with Maduro's tattoo, I am so happy in that moment. Oh my god, man. Honestly, I cry for that picture. It's finished that. This hell. This felt like a real victory. Like, someone in this government that has done so much damage to my country is going to finally face real justice. After this attack, we were like, okay, they did it, but what's the meaning of that? What will come for us? I mean, what what's the next step? Because, okay, they took Maduro out, but we have Delphi, we have Padino Lopez, we have Jorge Rodriguez. I mean, they are still here. Other people, government is free. I am confused. The future in Venezuela really, really is constant pain, and the people don't know what will happen. The people is so scared, is so scared. From The New York Times, I'm Natalie Kitrolef. This is The Daily. On Monday, as Nicolas Maduro and his wife, Celia, pleaded not guilty in a Manhattan courtroom, the nearly 30,000,000 people of Venezuela struggled to absorb the reality of a post Maduro era, an era in which The United States appears to be the dominant force reshaping their once firmly anti American government. Today, my colleague Anatoly Kermanayev explains why president Trump chose to back a Maduro loyalist to run the country and what Venezuelans think of it all. It's Tuesday, January 6. Hi, Anatoli. Welcome. It's good to have you here. Thanks for having me, Natalie. So in the last couple of days, we at the show have talked about how this operation to capture Nicolas Maduro went down. We've talked about the legality of it. What we haven't talked about as much is who is running Venezuela right now, and how is all of that gonna play out? …

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