Crack begin to appear in fortress

For almost a decade, the Venezuelan Opposition hasn’t known what a victory is, at the national level. They played all the tactics, right from boycotting elections to staging a coup against the elected president. On the other side, President Hugo Chavez grew in strength. The more the Opposition attacked him, the stronger he became. This was the domestic scene for the last nine years. Yet, the divided Opposition managed to defeat Chavez’s ambitious constitutional reforms by a narrow margin in the December 2 referendum. Chavez sought a series of reforms including letting the President run for re-election indefinitely. The reforms, in his words, would have sped up Venezuela’s transformation into a socialist country. However, many of his supporters, who gave him a victory in the December presidential elections last year, did not turn up to vote ‘yes’ for their Leftist President. Speaking to B&E, Dr. Shannon K. O’Neil, a Latin American expert at the Council of Foreign Relations, said, “This is the first setback for Chavez. Nevertheless, he still maintains substantial power – control of the presidency, the Congress, the courts, most of the media, and most of the local & regional governments. He has significant decree powers, so many of the issues he tried to pass through the referendum could potentially be passed through the pro-Chavez legislature.” The referendum has sparked off a new debate across the US. Is it the beginning of the end of Chavezism in South America? Certainly not in the near future at least, he still has the capacity to withstand setbacks.
John Stanly (published in Business and Economy on27/12/2007)