"Weeks after winning the 2025 Nobel Peace Prize for her decades-long fight to restore democracy to Venezuela, opposition leader María Corina Machado is calling for what she describes as the most ambitious economic transformation in the nation's history-a sweeping privatization aimed at reversing the policies of President Nicolás Maduro and what she calls "the disaster this socialist system has wrought.""
"Machado painted a stark picture of a nation that has plummeted from prosperity to poverty: "a country that used to be the richest country in our region and the freest country in our region, and that has turned into one of the poorest." Being under socialist rule for decades, she said, has crippled industry, devastated infrastructure, and triggered an exodus of nearly a third of Venezuela's population."
María Corina Machado is in hiding from the Maduro regime and proposes sweeping privatization and large-scale private investment to rebuild Venezuela's shattered economy. Machado projects a business opportunity of more than $1.7 trillion based on her economic advisory team's estimate. Venezuela declined from being the richest and freest country in the region to one of the poorest, with industry crippled, infrastructure devastated, and nearly a third of the population fleeing. The IMF estimated about a 75% economic decline by late 2022, and the Center for Economic and Policy Research argued that estimate discounted years of severe U.S. sanctions.
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