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Francisco Rodríguez

👤 Speaker
180 total appearances

Appearances Over Time

Podcast Appearances

The Opinions
What Comes Next for Venezuela — and Who Decides?

So in the year 2000, I was appointed head of the Venezuelan Congressional Budget Office by the Venezuelan National Assembly.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And I was appointed with the support of both the government and the opposition.

The Opinions
What Comes Next for Venezuela — and Who Decides?

So I was there for four years.

The Opinions
What Comes Next for Venezuela — and Who Decides?

My relations with the government actually soured quite soon.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And the reason is that the government believed that

The Opinions
What Comes Next for Venezuela — and Who Decides?

because they had the majority and because they had appointed me with that majority, even though they had also needed the votes of the opposition, that my office was going to be subordinate to the government majority.

The Opinions
What Comes Next for Venezuela — and Who Decides?

So when I started

The Opinions
What Comes Next for Venezuela — and Who Decides?

Essentially doing my job with independence, it's something that ran me into trouble with several lawmakers.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And one of them did not like the fact that I was questioning his law project and in fact asked the leadership of the government party to remove me.

The Opinions
What Comes Next for Venezuela — and Who Decides?

Ultimately, they did it.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And the legislator who I'm referring to, who put a lot of effort into firing me, was actually Nicolás Maduro.

The Opinions
What Comes Next for Venezuela — and Who Decides?

So it wasn't a good start to our relationships.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And the fact I didn't, you know, from that moment on, I never met him personally at any other moment.

The Opinions
What Comes Next for Venezuela — and Who Decides?

Sure.

The Opinions
What Comes Next for Venezuela — and Who Decides?

So I came to studying the Venezuelan economy as an economist.

The Opinions
What Comes Next for Venezuela — and Who Decides?

And as an economist, something that I was struck by was this huge collapse, the largest ever economic collapse seen outside of wartime.

The Opinions
What Comes Next for Venezuela — and Who Decides?

71% contraction of GDP.

The Opinions
What Comes Next for Venezuela — and Who Decides?

So how do we make sense of that?

The Opinions
What Comes Next for Venezuela — and Who Decides?

A lot of people have talked about failed policies of socialism, state intervention, nationalizations, and all of those played a role.

The Opinions
What Comes Next for Venezuela — and Who Decides?

But frankly, Venezuela is not the first country to ever try those.