Bloomberg has a story today on the many perks that the Venezuelan army enjoys vis‐​à‐​vis the downtrodden civilian population. Whereas a regular Venezuelan has to line up for hours to get basic goods (when they are available), officers enjoy privileged access to fully stocked supermarkets, new cars, housing, and many other benefits.


The obvious strategy of the Venezuelan government is to keep the armed forces happy in case it needs them to hold on to power. But the reality is far worse. In fact, Venezuela is now a military regime. Even though President Nicolás Maduro is a civilian, he is surrounded by people who have donned a uniform: according to Bloomberg, “A third of Venezuela’s 28 ministers and half the state governors are now active or retired officers.”


The rise in prices is not the only kind of inflation affecting Venezuela. Bloomberg reports that “its military now has between 4,000 and 5,000 generals” for a ratio of one general for every 34 servicemen (in the United States the ratio is one general per 1,490 servicemen). As expected, generals enjoy higher salaries and many other benefits. Moreover, the intelligence community believes that high‐​ranking army officers control most illegal activities in Venezuela, from smuggling to drug trafficking. In other words, military men are profiteering from the status quo.


All this points to an unlikely scenario where the armed forces would threaten the continuity of chavismo in power. Just the opposite, the army will be a key actor in propping up the regime, even if Venezuelans decide otherwise in the polls.