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Populism without Democracy: The Rise and Capture of Maduro. The Persistence of the Rentier Style in Venezuela. Beyond the Dornbusch-Edwards Model

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When the economy collapses, why doesn't the regime fall? A GDP contraction of more than 75%, six-digit hyperinflation, and the exodus of nearly eight million people were not enough to bring down the government of Nicolás Maduro. Why does an autocracy survive its own economic collapse? Populism without Democracy answers this question with an original theoretical contribution—the Rentier Style: the political and institutional architecture that makes populism without democracy viable and neutralizes the mechanisms that, in a democracy, would force a change of government in the face of catastrophe. From a transdisciplinary perspective that brings together economics, political science, and public management, the author reformulates the classic Dornbusch-Edwards model of macroeconomic populism for rentier and authoritarian contexts, and tests it against the hard evidence of PDVSA, the Orinoco Mining Arc, the CLAP food-supply networks, and the Carnet de la Patria system of social control. Three epilogues extend the analysis through 2026—from the July 2024 electoral fraud to the capture of Maduro and the uncertain transition that followed. More than a case study, this is both a warning and a map: a framework for recognizing authoritarian drift in time, before it becomes irreversible. Written by Jennifer Fuenmayor—an economist with a master's in Economics and a doctorate in Political Science, and twenty-seven years as a tenured university professor and researcher—this rigorously argued and exhaustively documented volume is an essential reference work for universities, libraries, and research centers; for scholars, doctoral and graduate students in political science, economics, public policy, and Latin American studies; and for lawyers, jurists, human-rights defenders, journalists, diplomats, and policymakers who need a documented, citable account of how a rentier autocracy sustains itself—and how it can be dismantled. A landmark contribution to the study of populism, authoritarianism, and the political economy of oil in the twenty-first century.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
12 August 2026
Listed Since
13 August 2026

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