[bpolania]

First step is to reduce public spending and fight corruption, just very basic steps will bring significant improvement.

Then, welcome foreign and local investment: privatize most of the industries that were nationalized and are now idle, and fix labor laws a little, this also include liberalization of currency, enforce property laws so private companies feel safe investing in the long term.

When can this happen? As of today no sooner than 2019 when the next presidential elections will take place. Unless a coup is on the table but I don't see that happening.

[jimmywanger]

I doubt it will happen in 2019, and this is why.

Maduro has painted himself into a corner. He has very nakedly announced that he will do everything in his power to remain in power, even if it means crapping all over the constitution, and stripping the legislative branch of all its power.

He'll figure something out in 2019. He has all the guns, and he know that if he falls out of power, he'll be strung up on the nearest lamppost like Mussolini. He's doubling down because he really has nowhere else to go. Once you realize that, that he has to do everything he's doing to cement the military to his side, it all makes perfect sense.