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Ricardo Hausmann’s “Morning After” for Venezuela: The neoliberal brain behind Juan Guaido’s economic agenda

While online audiences know YouTube comedian Joanna Hausmann from her videos making the case for regime change, her economist father has flown below the radar. His record holds the key to understanding what the U.S. wants in Venezuela.

by Anya Parampil

Part 1

If you’ve followed Venezuela-related news on social media, you’ve undoubtedly stumbled across a video released by comedian Joanna Hausmann in which she promises to tell you, “What’s Happening in Venezuela: Just the Facts.” Despite a title designed to instill confidence in the uninformed viewer, upon closer examination the “facts” presented in Hausman’s video hardly stand the test of reality.

Hausmann, for example, attempted to pass off dubious assertions that Venezuelan opposition leader “Juan Guaidó is not right wing,” and that he “did not just declare himself president” of the country. She also claimed that President Nicolas Maduro “made up” the National Constituent Assembly, neglecting to mention that that governing body was clearly defined in the country’s 1999 Constitution, and was ratified by 71.8 percent of the country through a democratic vote.

Hausmann’s performance ended with a teary-eyed appeal for sympathy: “On a personal level… my father is exiled from going back home.” For a video dedicated to “just the facts,” Hausmann’s rant omitted an especially pertinent piece of information: her exiled father and the rest of her family are no ordinary Venezuelans, and are, in fact, key players in the bid to bring down the elected government.

Much of Hausmann’s script echoed talking points outlined by her father, Ricardo Hausmann, in a 2018 article ominously entitled “D-Day Venezuela.” The piece amounted to a plea for the U.S. to depose Maduro by force, with Hausman arguing that “military intervention by a coalition of regional forces may be the only way to end a man-made famine threatening millions of lives.”

But Ricardo Hausmann is much more than a prominent pundit. He is one of the West’s leading neoliberal economists, who played an unsavory role during the 1980s and ’90s in devising policies that enabled the looting of Venezuela’s economy by international capital and provoked devastating social turmoil.

Hausmann emerged among a group of neoliberal economists gathered around the Instituto de Estudios Superiores de Administración (IESA), a private university in Caracas. They came to be known in Venezuela as “the IESA Boys,” a not-so-affectionate reference to the Chicago Boys who were imported into Chile from the University of Chicago in 1973 to devise shock-therapy policies for Augusto Pinochet and his military junta.

The popular rejection of the IESA Boys’ agenda began with the Carazao of 1989, a massive revolt that consumed the capital of Caracas when poor and working-class Venezuelans rioted in protest of an IMF package that mandated harsh austerity. Thousands of dead civilians and three years later, Hausman entered government to impose more shock therapy on the most vulnerable Venezuelans, making the rise of Hugo Chávez as president in 1998 practically inevitable.

While unknown to most Venezuelans, Hausmann remains a key player in his country’s tumultuous politics. During a talk at the World Affairs Council of Greater Houston in November 2018, he eerily predicted Guaidó’s self-proclaimed presidency, telling the crowd “the international community is now focused on the idea that… January 10th is the end of the presidential period of Nicolás Maduro.”

“On January 11th, Nicolás Maduro will not be recognized as… the legitimate president of Venezuela,” Hausmann anticipated. “I think that’s an important date.”

On January 11th, when Juan Guaidó declared his preparedness to become president of Venezuela, the Harvard professor’s prophecy was fulfilled.

Almost two months later, Guaidó appointed Hausman to serve as his representative at the Inter-American Development Bank. This was perhaps the best signal of what lies in store for Venezuela if Guaidó and his benefactors in the Trump administration achieve their goal of regime change. Hausmann’s return to power spells the restoration of the IESA Boys’ agenda, bringing neoliberal austerity back with a vengeance. A detailed look at his history is a preview of what lurks on the horizon for the poor and working-class Venezuelans whose lives improved the most throughout the era of Chavismo.

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