JOHANNESBURG â There probably aren’t two more notable economic and humanitarian disaster zones in the world today than that of Syria and Venezuela. Both countries’ economies have shrunk dramatically – Venezuela by as much as 63% since 2016 and Syria by 75% since 2010 (see tweet below). While both countries are governed by strongmen, both Maduro and Assad face vastly different circumstances. Looking at both these countries though can make one thankful to be South African. Despite South Africa’s fragile economy, we still have a functioning democracy in place. Ultimately, democracy could become our biggest economic asset in years to come, a hope that has diminished in Venezuela and Syria… – Gareth van Zyl
Venezuela’s collapse in GDP is much worse than the Greek crisis from 2008 or even the Spanish Civil War. It has almost Syrian Dimensions. Source: https://t.co/1l0wPOh9yw pic.twitter.com/Ny0hxIcEgQ
â Simon Kuestenmacher (@simongerman600) February 6, 2019
(Bloomberg) –Â As hundreds of thousands of his citizens took to the street demanding his departure, governments everywhere called on the president to step down. Neighbouring states absorbed those who fled, creating a refugee crisis. Its oil was embargoed, its embrace of socialism derided. âThis regime is the equivalent of a dead man walking,â a top U.S. official told Congress.
Venezuela in 2019?
No, Syria in 2011, when you had to look pretty hard for an analyst or Western official who believed President Bashar al-Assad could survive the combined assault of domestic revolt and international boycott. Although the US recognised the Syrian opposition as the legitimate representatives of the nation, Assad remains in the presidential palace in Damascus, stronger than ever.
Eight years ago, few predicted that. Even Israelâs leaders – who viewed Assad as âthe devil we knowâ (better than Islamists or chaos) and were skeptical about that yearâs Arab spring uprisings – said he was a goner.
Defense Minister Ehud Barak said the Syrian president might last âmany weeks, but itâs not a matter of months or years.â
That sums up conventional wisdom today about President Nicolas Maduro of Venezuela. He was reelected last year but in a rigged process with almost no one opposing him and voters afraid and hungry. In the past month, National Assembly leader Juan Guaido has emerged to challenge him; the Western world has rallied behind Guaido as the countryâs legitimate head of government. And while the odds remain high that Maduro will be driven out — perhaps even quickly — the parallels with Assad and Syria are worth pondering as a cautionary tale.
The pressure on Maduro goes beyond diplomatic jostling. The U.S. has ended its purchase of Venezuelan oil, the governmentâs biggest source of revenue. Some 3m Venezuelans have fled, creating a refugee crisis for its neighbours, especially Colombia and Brazil. Massive street demonstrations have presented a steady picture of citizen rage. The only significant country pledging backing for the regime is Russia.
As with Assad eight years ago, itâs hard to find an analyst or Western official predicting Maduroâs long-term survival.
The parallels are striking, including the way the Syrian revolt of 2011 and the anti-Maduro moves of recent weeks fit into significant historical trends.
Assadâs authoritarian rule was challenged within weeks of the forced departures of two long-time Arab dictators pushed out by street protests – Zine El Abidine Ben Ali of Tunisia and Hosni Mubarak of Egypt. Libyaâs Muammar Gaddafi wasnât far behind. That led analysts to assume Assad was next.
âSo far so goodâ
In Latin America, a slew of leftist populist governments like Venezuelaâs has been rapidly replaced through elections by pro-market conservatives. These include Brazil, Peru, Chile and Argentina. How can a holdout like Maduro survive?
Most analysts still say he canât.
âWhen I think about Maduro, Iâm reminded of the guy who jumped off a 15-story building,â noted Aaron David Miller, who worked on Middle East peace at the State Department and is now at the Wilson Center, a Washington think tank. âAs he passed the eighth floor, he was asked how he was doing and replied, âSo far so good.ââ
The differences between Maduroâs and Assadâs situations are more important than the similarities, Miller said, making it hard to see Maduro surviving in power.
Fatal economics
Unlike Syria, the Venezuelan state relies for income almost exclusively on oil sales, especially to the US, and Washingtonâs recently announced boycott could prove crippling. Second, the loyalty of the security establishment in Syria is based on membership in the Alawite minority of the Assad family, whereas in Venezuela itâs more transactional; peeling away top generals in Caracas will prove easier.
Finally, the Syrian opposition is divided by tribe, ethnicity and religion with no clear leadership; in Venezuela, the opposition is famously splintered but along political lines. In the past month it has lined up behind Guaido.
In Syria, many have been more afraid of the opposition, much of it Islamist, than of Assad, said Vali Nasr, dean of the School of Advanced International Studies at John Hopkins University. Venezuela looks more like Egypt in 2011 than Syria, he said.
Dany Bahar, a Venezuelan political scientist at the Brookings Institution in Washington, said the economics of Venezuela will likely prove fatal to Maduro.
âHe canât stabilize the economy, itâs going to get worse and worse,â Bahar said. âHalf a million barrels of oil exported to the US is the only cash-generating exports he has.â
On the other hand, the pro-Maduro camp has sent signals that military officers who defect will be exposed as corrupt. Thatâs what happened when Francisco Yanez, an air force general, announced his support for Guaido – so far the only general to do so publicly. The commander of the air force promptly tweeted about Yanezâs alleged corruption, promising further details. That could slow defections.
The evolution of the conflict will also be important. Within a year of the Syrian uprising, it turned into a civil war involving deep tribal and religious divisions. Such ethnic splits donât exist in Venezuela, a homogeneous society of 30m. But if parts of the military back Guaido while others back Maduro, a civil war could erupt. Then the echoes of Syria could grow louder.
