Well, it appears that the proposed Constitutional changes in Venezuela have been defeated by a narrow margin. I think there were some good changes proposed and some that I don’t know enough about to say if they were good or bad. It will be interesting to see how this defeat for Chavez will play out and to see how this will affect the strength and boldness of the opposition.
It should be noted that Chavez conceded defeat rather quickly, which is very different from opposition groups who cried for a long time after Chavez beat the referendum recall 59-41 a while back.
CARACAS (Reuters) – Venezuelans have rejected President Hugo Chavez’s bid to win new powers and run for re-election for decades to come in an unprecedented defeat that could slow his socialist revolution in the OPEC nation.
In a fiercely contested referendum on Sunday, voters said “No” to reforms that would have scrapped term limits on Chavez’s rule, given him control over foreign currency reserves and boosted his powers to expropriate private property.
Chavez conceded defeat shortly after election officials said early on Monday that the “No” camp had about 51 percent of the vote and that the president scored only around 49 percent support.