Free Markets, Free People


Venezuela: Headed For A Hugoless Future?

I think my guy Hugo is beginning to see the handwriting on the wall and realizes that if he doesn’t manage to fool the population into making him president for life now, he’ll have to seek other means.

You see, the situation in Venezuela is not getting better nor the future brighter for our favorite socialist:

Treasury reserves are dwindling, electricity blackouts are becoming commonplace, public security is deteriorating, and the finances of the state-owned oil monopoly, PdVSA, are in apparent disarray. There is little reason to think that the decline will be reversed any time soon.

If Mr. Chávez hopes to continue governing under the guise of democracy after 2013, when his term expires, he must get the constitution changed now.

The last time he tried this, even with almost total control of the voting apparatus, he was unable to concoct a win. He apparently tried for days, but apparently the loss was such that even he couldn’t fudge it.

So now the newest attempt. Interestingly, the latest attempt includes open-ended terms for nearly every elected official in Venezuela, not just the presidency. I’d suggest that actually works against Chavez and not for him. Those that marginally favor Chavez may not want the local mayor, legislator or governor in office indefinitely. It is an even bet then that they will not be inclined to vote for such a constitutional amendment. They, as well as anyone, know the hazards of entrenched power.

You have to wonder then, given the great possibility that the amendment will go down in flames on Feb. 15th what Hugo’s next move will be. My guess is it will have nothing to do with supporting and defending the constitution of Venezuela.

~McQ

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