Venezuela Coup Leader's Oil Plans Revealed: Guaidó Hopes to Privatize State-Controlled Industry

http://thegrayzone.com/2019/03/14/venezuela-coup-guaido-oil-privatize-industry/
Date Written:  2019-03-14
Publisher:  Grayzone
Year Published:  2019
Resource Type:  Article
Cx Number:  CX23614

Juan Guaidó and his economic advisers have a plan to privatize the country's petroleum industry. This privatization scheme will be difficult to implement, however, since he is not in power.

Abstract: 
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Excerpt:

The international news agency Reuters has confirmed that Venezuela’s US-appointed coup leader Juan Guaidó and his right-wing economic advisers drafted a plan to privatize the country’s petroleum industry and open up the oil-rich South American country to foreign corporations.

This privatization scheme will be difficult to implement, however, given the Venezuelan government still remains under the control of its elected leftist president, Nicolás Maduro, and the coup attempt led by the Donald Trump administration has thus far failed....

Reuters also quoted the neoliberal Harvard economist Ricardo Hausmann, who serves as the coup regime's delegate to the Inter-American Development Bank and is playing a leading role in the oil privatization scheme....

As Anya Parampil detailed for The Grayzone, Hausmann "is one of the West’s leading neoliberal economists, who played an unsavory role during the 1980s and ’90s in devising policies that enabled the looting of Venezuela’s economy by international capital and provoked devastating social turmoil."