Marketplace Morning Report

Venezuela's interim president sworn in

6 snips
Jan 6, 2026
Ivan Briscoe, a senior analyst at the International Crisis Group, dives into Venezuela's political turmoil, highlighting Delcy Rodríguez's rise as interim president and her pledge for stability. He discusses the roots of Venezuela's economic collapse since 2013, emphasizing mismanagement and the humanitarian crisis that followed. Briscoe also evaluates the potential for recovery through liberalization and the urgent need for rule-of-law reforms to rebuild investor confidence. The podcast paints a vivid picture of Venezuela's challenges and possible paths forward.
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ANECDOTE

Shopping Under Guarded Lines

  • Wilma in Caracas describes shopping under unrest with guarded store entry and long lines.
  • He reports staple prices soaring, like corn flour jumping from $1 to over $3, making essentials unaffordable.
INSIGHT

Technocrat Who Stayed Loyal

  • Ivan Briscoe notes Delcy Rodríguez is a longtime Chavista technocrat who practiced pragmatic economic policy.
  • She helped liberalise and stabilise the economy but remains a political hardliner tied to the old regime.
INSIGHT

Collapse Beyond Oil Prices

  • Briscoe highlights Venezuela's collapse since 2013 as one of the largest peacetime contractions ever.
  • He attributes it to corruption, mismanagement, and state controls, not just oil price drops.
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