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Interview by Selcuk Gultasli Giving an interview to the European Center for Populism Studies (ECPS), Professor Francisco Rodríguez—Senior Research Fellow at the Center for Economic and Policy Research and Faculty Affiliate at the University of Denver’s Josef Korbel School of International Studies—offers a comprehensive analysis of Venezuela’s post-Maduro political trajectory. Situating the case at the intersection of populist state resilience, authoritarian adaptation, and shifting US power strategies, Professor Rodríguez advances a stark diagnosis: “Venezuela is no longer about Venezuela; it is about demonstrating power.” In his account, the country has become a geopolitical signal—a site through which coercive capacity, transactional hegemony, and the limits of democratic opposition are being tested. Professor Rodríguez begins by reassessing the foundational pillars of the Chávez-era project—constitutional refoundation, oil-rent redistribution, and the moralization of politics—arguing that these were not merely leader-centered strategies but elements of a durable populist state architecture capable of surviving leadership decapitation. While personally critical of the 1999 Constitution, he notes that “not even the most hardline opponents of Chavismo question the Constitution today,” underscoring how deeply constitutional refoundation has been absorbed into Venezuela’s political ethos. Even critics, he observes, now invoke the Constitution “as a model that the Maduro government is failing to uphold.” On political economy, Professor Rodríguez emphasizes that populist redistribution depends on material abundance. “The model of oil-rent redistribution simply does not work if there are no rents to distribute,” he argues, pointing to a 93 percent collapse in oil revenues between 2012 and 2020. This collapse, compounded by US sanctions, forced the regime toward pragmatic—and even neoliberal—adjustments, not as a matter of ideological conversion but constraint. As Professor Rodríguez puts it, the economy remained closed “not because the government didn’t want it open, but because the United States government didn’t allow it.” A central theme throughout the interview is the durability of moralized politics. Chavismo’s framing of politics as an existential struggle between “the people” and apátridas (stateless persons in Spanish/Portuguese, S.C) continues to structure both regime and opposition behavior. Professor Rodríguez cautions that this antagonistic grammar cannot be easily abandoned, particularly because “the opposition has also embraced a moralized framework, albeit from the opposite angle.” This mutual entrenchment helps explain why moments that might have enabled institutional cohabitation—most notably the opposition’s 2015 parliamentary victory—instead produced escalation and breakdown. Within this transformed landscape, Professor Rodríguez devotes particular attention to Delcy Rodríguez’s room for maneuver. He argues that her political viability now hinges on whether she can credibly claim that Washington is no longer backing the opposition. Under those conditions, Maduro’s seizure can be reframed as “a strategic victory,” preserving Chavismo’s narrative of confrontation. At the same time, Professor Rodríguez warns that any US demand for “power-sharing with the opposition” would be “deeply problematic for Chavismo,” requiring a fundamental rewriting of its moral and institutional grammar. The interview culminates in Professor Rodríguez’s assessment of US intervention under Donald Trump. Contrary to expectations, Trump did not demand democratization or power transfer, but oil. “What Trump is effectively doing now is not demanding political reform,” Professor Rodríguez explains; “he is asking Venezuela to sell oil to the United States.” This approach reflects a broader logic of informal empire: “It is more efficient to rule through domestic elites who follow US directives than to administer the country directly.” In this sense, Venezuela becomes less a national case than a global message—one that signals the new rules of transactional power, and the risks they pose for democratic oppositions worldwide. Here is the edited transcript of our interview with Professor Francisco Rodríguez, slightly revised for clarity and flow.