CARACAS: In two weeks, Venezuela could be starting an extraordinary experiment in centralized socialism fueled by oil. By law, the workday would be cut to six hours. Street vendors, housewives and maids would have state-mandated pensions. And President Hugo Chávez would have significantly enhanced powers and be eligible for re-election for the rest of his life.
A new constitution, expected to be approved by referendum Dec. 2, is both bolstering Chávez's popularity among people who will benefit and stirring contempt from economists who declare it demagoguery. Signaling new instability here, dissent is also emerging from among his former lieutenants, some of whom say the president is carrying out a populist coup.
http://www.iht.com/articles/2007/11/16/america/venez.php?WT.mc_id=rssfrontpage
2007-11-16
17:58:09
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