Word: concessioners
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According to many commentators on Latin American politics, the failure of last week’s referendum on proposed amendments to the Venezuelan constitution represents a welcome reprieve from the country’s (leftward) drift away from democracy. In a December 8th editorial provocatively entitled “Authoritarians...
The panic set in on Sunday evening when news started to trickle out of Venezuela's National Election Commission, which is dominated by allies of President Hugo Chávez. Referendum returns indicated that Chávez's package of constitutional changes, including the elimination of presidential-term limits, would narrowly lose...
Chávez's calm concession did Venezuela, as well as democracy-challenged Latin America, a valuable service. And, whether he believes it or not, Venezuela did Chávez a favor as well by rebuffing the constitutional amendments that sought to expand and extend his already ample political power. The referendum...
But just as important was Chavez's concession. The opposition "won this victory for themselves," he admitted in a voice whose subdued calm was in contrast to his frequently aggressive political speeches. "My sincere recommendation is that they learn how to handle it." Despite his authoritarian bent, Chavez (whose current...
In a boom economy, however, things change fast. Shanghai still has glam in spades. You can sip your Cosmopolitan on the Bund while gazing out at a relentlessly rising skyline. You can wander along the leafy boulevards of the former French Concession, pausing for a soy latte or a therapeutic...