December 12, 2017
Speaking of places where democracy has withered, Venezuela held municipal elections this weekend, in which the ruling PSUV ran the table — in part because the beleaguered opposition boycotted the vote. Now, President Maduro says, they’ll be barred from fielding candidates in next year’s presidential election.
Say what you will about Maduro, but he has confounded his doubters, holding on to power even as his government goes broke, inflation hits triple digits, and his people suffer hideous crises of violence and malnutrition. How do guys like this hang on for so long? The two keys for Maduro — as for a long list of soft and not so soft authoritarians — are the continued loyalty of the military and the chronic fragmentation of the opposition. And the recent rise in oil prices, which account for 95% of Venezuelan exports — can only help Maduro. A little more cash to throw around will reinvigorate the loyalty of senior officers whose commitment to 21st Century Socialism has at least as much to do with financial interest as with revolutionary fervor. This story can go on for quite a bit longer yet.
More For You
- YouTube
Europe is publicly praising Trump, but according to Brookings Institution’s Thomas Wright, fear, not agreement, is driving its diplomacy.
Most Popular
Walmart sponsored posts
Walmart’s $1 billion investment is strengthening associate careers
Sponsored posts
How a global coalition disrupted Tycoon 2FA
- YouTube
As the US military races to integrate artificial intelligence into national security, tensions are emerging with Silicon Valley.
- YouTube
The Regime's viral banger "Special Military Operation" is NOW STREAMING on most platforms, including those TWO BIG ONES. #PUPPETREGIME
- YouTube
In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
