Those are fine points - but - it's way beyond policy at this point.
The only thing that will start to restore confidence is the removal of the current regime.
If there is a 'new entity' that has some credibility, and it basically stops the most obvious forms of totalitarianism ... then you could move back into a 'very bad but stable' situation. From there - it would take massive re-working of all levels of government because ultimately it's the culture of corruption, cronyism that is the root of all those 'bad policies'. If the systematic corruption is entrenched (i.e. government insiders holding large chunks of debt, insiders making money off the exchange process) - then there's no hope.
But step 1 has to be Maduro out. There's nothing he can do.
This is an accurate impression. The actual implementation of those measures I outlined is beyond what I can conceive right now. When it comes to short and mid term I've got no hope at all.
The only thing that will start to restore confidence is the removal of the current regime.
If there is a 'new entity' that has some credibility, and it basically stops the most obvious forms of totalitarianism ... then you could move back into a 'very bad but stable' situation. From there - it would take massive re-working of all levels of government because ultimately it's the culture of corruption, cronyism that is the root of all those 'bad policies'. If the systematic corruption is entrenched (i.e. government insiders holding large chunks of debt, insiders making money off the exchange process) - then there's no hope.
But step 1 has to be Maduro out. There's nothing he can do.