THE REVOLUTION IS SAVED

Hugo Chavez won a victory today to lift presidential term limits originally standing at two six year terms. A similar referendum which failed in 2007 today was passed with a 54% victory. In the past ten years Chavez has not completed his grand plan of spreading his brand of government throughout Latin America and the next ten years look to be increasingly difficult. Venezuela has the highest inflation in Latin America, running at just under 30% a year and faces many social problems. We will see if his brand of democratic socialism will be able to withstand the global financial crisis and increasing modern glibalization.
bbc article