Chávez Is Losing His Grip
The end is near for his revolution.
In his 11-year rule, Venezuelan strong-man Hugo Chávez has outlasted all manner of angry foes, conspirators, and mounting chaos. Until now. As he loses control of a shrinking economy, his Teflon is wearing thin. Chronic blackouts and water shortages are darkening industries and forcing homes to ration electricity and baths. Inflation is 30 percent a month, the worst rate in Latin America, and despite an official price freeze, economists say it could double this year. Crime is soaring, with the murder rate tripling under Chávez. Discontent is rising, too.
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