Saturday, October 06, 2012

Venezuela vote a critical test for divided nation


President Hugo Chavez's long run in power and his attempts to transform Venezuela into a socialist state are on the line Sunday in a closely fought presidential election for this bitterly divided nation.

The vote pitting Chavez against challenger Henrique Capriles is an all-or-nothing contest between two camps that deeply distrust each other and question whether the other side will respect the results of the election.

The stakes couldn't be higher.

If Chavez wins, he will have a free hand to dominate Venezuela for six more years on top of the 14 years he has already been in office, letting him push for an even bigger state role in the economy and cement his legacy.

If Capriles wins, it will likely mean an abrupt shift in foreign policy, an eventual loosening of state economic controls and an increase in private investment -- though a tense transition would likely follow until the inauguration in January .... http://www.newsday.com