How to Secure Democracy After Authoritarianism? Venezuela and the Problem of Credible Transitions
How can a democracy emerge from authoritarian rule when those who hold power fear what comes next?
In this episode of the Review of Democracy podcast, Gabriel Pereira speaks with José Ramón Morales-Arilla about the challenges of democratic transition in Venezuela.Drawing on economic theory and comparative experiences, Morales-Arilla argues that the key obstacle is not simply political disagreement, but a deeper problem of credibility: regime insiders may resist change if they expect sweeping retribution.
The conversation explores how concepts such as adverse selection and signaling help…
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