To many observers the Maduro regime has remained surprisingly resilient. His government withstood widespread opposition protests through the spring of 2019. It has survived the recognition by over 50 countries of opposition Juan Guaidó as the country’s rightful ruler, a move that severely challenged the regime’s legitimacy. The mainstream media’s excited anticipation of Maduro’s fall from power reached its height with Guaidó’s attempt to instigate a military uprising. The uprising failed, however, and opposition protests have petered out.
Read MoreVenezuela is facing a catastrophic economic, political and social crisis: there is widespread hunger, inflation is at 1,000,000 percent, and millions have fled the country. By all accounts, the country is now ruled by an oligarchy of criminals. Most Venezuelans want the regime of Nicolás Maduro gone. Opposition leader Juan Guaidó has proclaimed himself acting interim president; thus far, he has been recognized as such by the U.S., Canada, Brazil, Colombia, Argentina, Australia, Israel, and the European parliament. China and Russia, Venezuela’s first and second most important creditors, remain staunch Maduro supporters. Other countries, with less questionable motivations, have also failed to get onto the Guaidó bandwagon: Mexico and Uruguay have urged a negotiated solution—an offer that Guaidó has flatly turned down.
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