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Maduro Embraces Capitalism and Venezuelan Emigres Are Returning

Feb. 7, 2020, 9:00 AM

Carlos Viloria came home to Venezuela last month.

A 35-year-old lawyer, he’d had enough of 15-hour days and abusive bosses as a restaurant worker in Argentina for a year and a half, one of more than 5 million Venezuelans who’ve left over the past five years hoping to escape one of the world’s worst humanitarian catastrophes.

His return is also emblematic. “I’m going to find a job that pays in dollars,” he said.

After leading his country’s economy over a cliff, President Nicolas Maduro has brought it a certain measure of stability. By allowing dollars to flow freely and private ...