Antagoniste


26 janvier 2010

Qui ose encore défendre Chavez ? Gauchistan Revue de presse Venezuela

The Washington Post

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Removal of anti-Chavez TV channel spurs protests
The Washington Post

Police and supporters of President Hugo Chavez clashed with students in cities across the country Monday during protests over the government forcing an opposition channel off cable TV. One youth was reported killed and 16 people suffered injuries.

The biggest confrontation occured in Caracas, where police fired tear gas and plastic bullets to scatter thousands of students who tried to march on the headquarters of Venezuela’s state-run telecommunications agency. At least six demonstrators and a journalist were treated for injuries.

In the western city of Merida, a youth was killed during fighting between anti- and pro-Chavez forces and clashes when police tried to separate the rival groups, Justice Minister Tareck El Aissami said late Monday

Demonstrations erupted over the government ordering cable companies to drop Radio Caracas Television Internacional early Sunday. RCTV had defied new rules requiring local cable channels to carry mandatory programming, including some of Chavez’s speeches.

« Freedom of expression is a right that we all embrace, and it must be defended, » said Alejandro Perdomo, 19, who accused Chavez of attempting to silence his critics.

25 janvier 2010

Tout s’explique… Coup de gueule En Vidéos Venezuela

Ce n’est pas seulement les politiques économiques de Chavez qu’il faut questionner, mais aussi sa santé mentale…

20 janvier 2010

The Shock Doctrine: The Rise of Disaster Socialism Économie Gauchistan Revue de presse Venezuela

The Wall Street Journal

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Venezuela Nationalizes French Retail Chain
The Wall Street Journal

President Hugo Chavez ordered Sunday the seizure of a French-owned retail chain on accusations that it raised prices after Venezuela devalued the currency by half.

« Until when are we going to allow this to happen? » Mr. Chavez asked during his Sunday television program in reference to the alleged price hike by Almacenes Exito SA, headquartered in Colombia and controlled by French retailer Casino Guichard-Perrachon S.A.

The Venezuelan leader said that new law may need to be approved to carry out the nationalization. « I’m waiting for the new law to begin the expropriation process, » he said. « There’s no going back, » he added.

Almacenes Exito saw some of its stores closed this week by government authorities on accusations that it was increasing prices regardless of Mr. Chavez’s orders that retailers were not to adjust prices after he devalued the currency to 4.3 bolivars per dollar from the previous rate of 2.15 bolivars.

Separately, Mr. Chavez also ordered the nationalization of a large shopping-mall recently built in a downtown district in Caracas. The stores controlled by Exito and the shopping mall will be used to build up Comerso, a new government-run retail chain which seeks to sell its products at « socialist » prices, according to the president.

19 janvier 2010

Le gouver-maman venezuelien Gauchistan Revue de presse Venezuela

The Sydney Morning Herald

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PlayStation is ‘poison’ to children: Chavez
The Sydney Morning Herald

Sony’s PlayStation video game console is « poison » and leads children down the capitalist « road to hell, » Venezuelan President Hugo Chavez said.

In expanding on his dislike of western toys and games — he already slammed Nintendo for promoting « selfishness, individualism and violence, » Chavez Sunday took on the world’s top selling game console, Sony’s PlayStation.

« Those games they call ‘PlayStation’ are poison. Some games teach you to kill. They once put my face on a game, ‘you’ve got to find Chavez to kill him.’ »

The firebrand leftist president said any game that « bomb cities or just throw bombs, » are sold by capitalist countries to sow violence so they can « later sell weapons. » They « promote the need for cigarettes, drugs and alcohol so they can sell them. That’s capitalism, the road to hell, » he added.

Venezuelan lawmakers in October passed a law outlawing the sale of « bellicose » games and videogames that can be punished with up to five years imprisonment.

13 janvier 2010

La dictature venezuélienne Économie Gauchistan Revue de presse Venezuela

The Globe And Mail

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Chavez warns business after Venezuela devaluation
The Globe and Mail

Venezuela’s Hugo Chavez ordered soldiers to seek out businesses that raise prices after a sharp devaluation of the bolivar currency last week, saying his government will not tolerate price speculation.

“Right now, there is absolutely no reason for anybody to be raising prices of absolutely anything,” he said on his weekly TV show, two days after announcing a dual exchange system for the fixed rate bolivar. “I want the National Guard on the streets with the people to fight against speculation,” he said to applause. “Publicly denounce the speculator and we will intervene in any business of any size.”

The former paratrooper says the devaluation will help make Venezuelan companies more competitive but he warned the government would take over shops and give them to their workers if price rises were discovered.

Venezuelans packed electrical goods stores Saturday, fearing prices will double as the cost of imports rise. Top officials have said in recent days that Venezuela’s inflation, already the highest in the Americas at 25 per cent last year, will be pushed up by the devaluation.

18 décembre 2009

Copenhague, sommet socialiste Coup de gueule Économie En Vidéos Environnement Gauchistan International Venezuela

Les gens qui pensent que la conférence de Copenhague est une rencontre ayant pour thème l’environnement et non pas le socialisme devront réviser leur position.

De passage à Copenhague, Hugo Chavez a profité de l’occasion pour s’adresser aux délégués présents pour cette conférence.  Dans son allocution, le président vénézuélien a déclaré que le capitalisme menait en enfer et, en s’appuyant sur des citations de Karl Marx et Jésus Christ, Chavez a conclu son discours en affirmant que seul le socialisme pouvait sauver le monde.

Réaction des délégués venus entendre le discours ?  Une ovation debout !

Quand une assemblée de réchauffistes ovationne le leader maximo d’une pétro-économie détenant les plus importantes réserves mondiales de sable bitumineux simplement parce qu’il a affirmé que le socialisme devrait remplacer le capitalisme, il ne fait plus de doute que l’enjeu de cette conférence n’est pas le réchauffement de la planète, mais la destruction du capitalisme.

Fait intéressant, pour produire 1000$ de PIB, le Canada dégage 0,73 tonne de CO2. Pour la même production, le Venezuela dégage 1,04 tonne de CO2.  La Corée du Nord, un autre paradis socialiste, fait osciller la balance à 4,61 tonnes de CO2 par tranche de 1000$ de PIB.

Parions que les chercheurs de l’Université d’East Anglia ont entre les mains une étude qui démontre que le CO2 socialiste est moins dommageable que le CO2 capitaliste…

Et pour ceux qui doutent encore du véritable objectif des écologistes réunis à Copenhague, voici à quoi ressemblent les manifestations en marge du sommet:

24 novembre 2009

La gauche et les chiffres Économie Gauchistan Revue de presse Venezuela

The WallStreet Journal

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Chávez Discounts Accuracy of GDP
The Wall Street Journal

President Hugo Chávez wasn’t pleased with data released this week that showed the Venezuelan economy tumbling into a recession. So the populist leader came up with a solution: Forget traditional measures of economic growth, and find a new, « Socialist-friendly » gauge.

« We simply can’t permit that they continue calculating GDP with the old capitalist method, » President Chávez said in a televised speech before members of his Socialist party on Wednesday night. « It’s harmful. »

Mr. Chávez’s comments came shortly after data showed Venezuela’s gross domestic product — a broad measure of annual economic output — fell 4.5% in the third quarter from the year-earlier period. It was the second consecutive quarterly decline, and observers have questioned how Mr. Chávez will be able to generate growth without high oil prices.

Now that oil prices are less high, economists say Mr. Chávez’s stepped-up government spending and nationalizations of various industries are taking their toll, causing a combination of high inflation from the spending and weak growth from a lack of investment by local businesses. Economists forecast continued weak growth for Venezuela next year, worrisome for a leader who has relied on spending to stay in power for more than a decade.

Some analysts worry Mr. Chávez might follow in the footsteps of leaders in Argentina, where the government changed the way it measured inflation in a move that was widely seen as an attempt to camouflage rising prices and that has added to investor distrust of Buenos Aires.

16 novembre 2009

Les joies du socialisme Économie Gauchistan Revue de presse Venezuela

The New York Times

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Blackouts Plague Energy-Rich Venezuela
The New York Times

This country may be an energy colossus, with the largest conventional oil reserves outside the Middle East and one of the world’s mightiest hydroelectric systems, but that has not prevented it from enduring serious electricity and water shortages that seem only to be getting worse.

President Hugo Chávez has been facing a public outcry in recent weeks over power failures that, after six nationwide blackouts in the last two years, are cutting electricity for hours each day in rural areas and in industrial cities. Now, water rationing has been introduced here in the capital.

In response, the president is embarking on his own crusade: pushing Venezuelans to conserve by mocking their consumption habits.

On paper, Venezuela should be swimming in surplus power. The country has huge reserves of oil and natural gas and sizable coal deposits. Its Guri dam complex, built with postwar oil riches in the 1960s, ranks as one of the world’s largest hydroelectric projects.

But energy economists here said a combination of negligence and poor planning pushed Guri to its limit in this decade. They said the president encouraged consumption with a 2002 decree freezing electricity and other utility rates. Meanwhile, nationalization effectively halted renewable-energy projects.

“The problem isn’t a lack of money,” said Víctor Poleo, a former Energy Ministry official under Mr. Chávez. “It’s the irresponsible and corrupt militarism that has replaced the professionalism of the industry.”

10 novembre 2009

Les socialistes sur le sentier de la guerre États-Unis Revue de presse Venezuela

The Times

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Hugo Chávez tells Venezuela troops to ‘prepare for war’ with Colombia
The Times of London

President Chávez of Venezuela told his country yesterday to prepare for war with Colombia, which he accused of being in league with the United States.

Only days after sending 15,000 troops to the volatile border, Mr Chávez, Washington’s main enemy in the region, ordered the Venezuelan military and people to prepare to “defend the homeland”, claiming that the US planned to use Colombian bases to mount an invasion of his oil-rich nation.

“The empire is more threatening than ever,” Mr Chávez, a former paratrooper, warned. “Don’t make a mistake, Mr Obama, by ordering an attack against Venezuela by way of Colombia.” Such a war would set the continent alight, he said.

Venezuela has spent more than $3 billion (£2 billion) on arms recently, mostly from Russia, prompting Hillary Clinton, the US Secretary of State, to warn of a regional arms race. Washington views Colombia as a buffer against Mr Chávez and other Latin American socialists, such as President Correa of Ecuador, President Morales of Bolivia and President Ortega of Nicaragua.

30 septembre 2009

Chavez en fume du bon… Gauchistan Revue de presse Venezuela

The Anchorage Daily News

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Venezuela to fine networks that air ‘Family Guy’
The Anchorage Daily News

Venezuelan authorities plan to impose fines on cable television companies that refuse to stop airing the animated television series « Family Guy. »

Justice Minister Tareck El Aissami says the program should be pulled from the airwaves because it promotes the use of marijuana.

El Aissami was outraged by a recent episode in which the show’s characters started a campaign to legalize marijuana.

He said Thursday that cable networks that broadcast « Family Guy » would be fined by Venezuela’s telecommunications regulator if they refuse to dump the program.

The government of President Hugo Chavez is preparing to impose new regulations on cable television. Among other rules, cable providers could be forced to carry Chavez’s frequent speeches.

N.B. Dans l’Alaska de Sarah Palin, la possession de petites quantités de marijuana est légale.

9 septembre 2009

Halte au communisme Gauchistan Revue de presse Venezuela

The Miami Herald

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Critics march against Chavez across Latin America
The Miami Herald

Thousands of opponents of Hugo Chavez marched against the Venezuelan president across Latin America on Friday, accusing him of everything from authoritarianism to international meddling.

The protests, coordinated through Twitter and Facebook, drew more than 5,000 people in Bogota, and thousands more in the capitals of Venezuela and Honduras. Smaller demonstrations were held in other Latin American capitals, as well as New York and Madrid.

Chavez supporters held smaller counter-demonstrations, including a Caracas rally that drew nearly 200 people. Police in Quito, Ecuador, intervened to keep pro- and anti-Chavez groups from clashing.

Turnout at the anti-Chavez rallies was far from massive in many cities. A dozen people gathered in Sao Paulo, while about 200 turned out in New York, Madrid and Miami. Protests also were held in the capitals of Argentina, Ecuador, Chile, Panama and Bolivia.

7 septembre 2009

La dictature frappe encore Gauchistan Revue de presse Venezuela

Reuters

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Chavez minister vows more Venezuela radio closings
Reuters

Venezuela will pull the plug on 29 more radio stations, a top official in President Hugo Chavez’s government said on Saturday, just weeks after dozens of other outlets were closed in a media clampdown.

Infrastructure Minister Diosdado Cabello closed 34 radio stations in July, saying the government was « democratizing » media ownership. Critics say the move limits freedom of expression and has taken critical voices off the airwaves.

The powerful Chavez ally has threatened to close over 100 stations in total, part of a long-term campaign against private media that the government says are biased against Chavez’s government.

« Another 29 will be gone before long, » he told thousands of Chavez supporters at a political rally, without giving details which stations would be closed or when.

30 août 2009

Caracas, USA États-Unis Gauchistan Hétu Watch Venezuela

Imaginez qu'on nomme à un poste clé du CRTC un type qui considère le concept de liberté d'expression est une distraction.  Imaginez que ce type affirme du même souffle qu'il admire le gouvernement Chavez et sa gestion des médias.

Heureusement pour nous, ce type n'est pas à l'emploi du CRTC, mais malheureusement pour les Américains, il est à l'emploi du FCC (l'équivalent américain du CRTC).


Caracas, USA
envoyé par TheEconomist

Something is not right…

23 août 2009

Toujours plus ridicule Économie Gauchistan Revue de presse Venezuela

The New York Times

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Chávez Loyalists Push to Close Golf Courses
The New York Times

President Hugo Chávez’s political movement has found a new target: golf.

After a brief tirade against the sport by the president on national television last month, pro-Chávez officials have moved in recent weeks to shut down two of the country’s best-known golf courses, in Maracay, a city of military garrisons near here, and in the coastal city of Caraballeda.

“Let’s leave this clear,” Mr. Chávez said during a live broadcast of his Sunday television program. “Golf is a bourgeois sport,” he said, repeating the word “bourgeois” as if he were swallowing castor oil. Then he went on, mocking the use of golf carts as a practice illustrating the sport’s laziness.

Critics of the antigolf campaign point out that Venezuela’s top ally, Cuba, is going in the opposite direction. Canadian and European investors are seeking to build as many as 10 new courses in Cuba as part of the Cuban government’s bid to raise tourist revenues.

“China has more than 300 golf courses, and look what’s happening here,” said Mr. Torres, the director of the Venezuelan Golf Federation, invoking another Communist country with which Venezuela has warm ties. “We’re going from 28 courses to 18.”

3 août 2009

Le tyran de Caracas Gauchistan Revue de presse Venezuela

The Guardian

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Hugo Chávez revokes radio station licences in wider media crackdown
The Guardian

Venezuela has revoked the licences of dozens of radio stations as part of a wider crackdown which could jail people deemed guilty of « media crimes » for up to four years.

At least 13 stations went off the air over the weekend and another 21 were expected to follow soon in an effort by President Hugo Chávez to extend his socialist revolution.

The move followed last week’s introduction of a draft law to jail journalists and broadcasters who « harm the interests of the state », « cause panic » or « disturb social peace ». Critics denounced the moves as a recipe for censorship. « What we are witnessing is the most comprehensive assault on free speech in Venezuela since Chávez came to power, » said Jose Miguel Vivanco, Americas director at Human Rights Watch.

The government’s telecommunications agency said it would revoke the licences of up to 240 radio stations, almost 40% of the total, citing irregular paperwork. It said the closures were lawful and that most radio stations remained in private hands.

Chávez applauded the decision and said the licences would be « given back to the people » in the form of broadcasters who shared his leftist vision.

28 mai 2009

Le prix de l’opposition Économie Gauchistan Venezuela

Voici comment Hugo Chavez a mis son pays sur la la route de la servitude:

Chavez

« In 2004, the Chávez regime in Venezuela distributed the list of several million voters whom had attempted to remove him from office throughout the government bureaucracy, allegedly to identify and punish these voters. We match the list of petition signers distributed by the government to household survey respondents to measure the economic effects of being identified as a Chavez political opponent. We find that voters who were identified as Chavez opponents experienced a 5 percent drop in earnings and a 1.5 percentage point drop in employment rates after the voter list was released. A back-of-the-envelope calculation suggests that the loss aggregate TFP [Total Factor Productivity] from the misallocation of workers across jobs was substantial, on the order of 3 percent of GDP. »

Leon Trotsky a déjà dit : « In a country where the sole employer is the State, opposition means death by slow starvation. The old principle: Who does not work does not eat, has been replaced by a new one: Who does not obey shall not eat. »

13 mai 2009

Creuser sa tombe Économie Gauchistan Revue de presse Venezuela

The Financial Times

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Chávez seizures fuel Venezuela oil fears
The Financial Times

A fresh round of expropriations in Venezuela has raised fears that the Opec producer’s already declining oil output could sink to its lowest level in the past 20 years.

Troops were mobilised over the weekend to assist Venezuela’s state-owned oil company, PDVSA, in seizing the assets of some 60 oil service companies, after a law was approved last week that paves the way for the state to take increasing control over its all-important oil industry.

“To God what is God’s, and to Caesar what is Caesar’s,” said Venezuela’s President Hugo Chávez, as he presided over the expropriation of more than 30 oil terminals and some 300 boats.

This move forms part of a broader assault against the private sector, which Mr Chávez has increasingly blamed as Venezuela slides into recession. Simultaneously he is engaging in what opposition leaders say is a campaign of persecution of his political foes.

Manuel Rosales, a former presidential candidate, has been granted asylum in Peru to escape arrest over corruption charges, while congress has removed almost all the spending powers of Antonio Ledezma, the anti-Chávez mayor of Caracas. Other opponents have been jailed or gone into hiding.

20 janvier 2009

Ça pue… États-Unis Gauchistan Venezuela

Antiaméricanisme

Il y a deux ans, Hugo Chavez a fait rigoler la gauche en disant de Bush qu'il répandait une odeur de soufre c.-à-d. Bush = Satan.

Il y a 3 jours, Hugo Chavez a affirmé que Barack Obama dégageait la même odeur que… Bush !

Et dire que certaines personnes ont cru que l'élection de Barack Obama mettrait fin à l'antiaméricanisme…

16 janvier 2009

Paradoxe Économie International Récession Venezuela

DécisionAvec la crise économique qui a fait plonger le prix du baril de pétrole, Hugo Chavez cherche à se faire de nouveaux amis pour éviter que l'économie de son pays ne s'effondre.

Ainsi, après avoir nationalisé son industrie pétrolière, le leader vénézuélien tente de convaincre les pétrolières Chevron, Royal Dutch/Shell et Total de revenir s'installer dans son paradis socialiste en leur promettant un accès exclusif à ses champs pétroliers les plus prolifiques.  Chavez n'a plus le choix: le Venezuela n'a plus les moyens de ses ambitions et son gouvernement a besoin de capitaux étrangers.

Voilà qui est paradoxal.  Alors que dans les économies capitalistes la crise a provoqué une vague de nationalisation, dans les économies socialistes la crise semble plutôt favoriser les privatisations.

27 novembre 2008

Nationalisation Canada Économie En Chiffres Gauchistan Venezuela

Selon Léo-Paul Lauzon, le Canada doit nationaliser son industrie pétrolière.

L'économiste chouchou des gauchistes a fait valoir que: "Tous les pays producteurs et exportateurs qui ont nationalisé leurs ressources pétrolières et gazières l'ont fait avec un immense succès, il n'y a pas d'échec!"

Voyons si cette affirmation tient la route en comparant la production de pétrole du Venezuela à celle du Canada.

Pétrole Canada venezuela

Le modèle vénézuélien, non merci… Il semble que le modèle canadien soit plus efficace.

If it aint broken, dont fix it.

Sources:
EIA
Country Energy Profiles

27 mai 2008

What the FARC ? Élection 2008 États-Unis Hétu Watch Terrorisme Venezuela

Une nouvelle journée et une nouvelle gaffe pour Barack Obama…

Barack Obama

Dans un premier temps, Barack Obama a reconnu que le Venezuela entretenait des liens avec les FARC et qu’il désirait parler de la chose avec Hugo Chavez:

« One of the obvious high priorities in my talks with President Hugo Chavez would be the fermentation of anti-American sentiment in Latin America, his support of FARC in Colombia and other issues he would want to talk about. »

Barack Obama

——

Le lendemain, Barack Obama déclare que tous les pays ayant des relations avec les FARC doivent être isolés:

« We will shine a light on any support for the FARC that comes from neighboring governments. This behavior must be exposed to international condemnation, regional isolation, and – if need be – strong sanctions. It must not stand. »

Une journée Obama désire négocier avec Chavez et le lendemain il parle d’isoler le régime et de le soumettre à des sanctions. Obama ou l’art du flip-flop !

Mais ça, Richard Hétu n’en parlera jamais

15 janvier 2008

Zone de guerre États-Unis Gauchistan Irak Terrorisme Venezuela

Venezuela Chavez IraqPour le mois de décembre, en moyenne 18 Irakiens ont perdu la vie chaque jour, principalement dans des attentats perpétrés par Al-Qaeda.

Dans le paradis socialiste vénézuélien, on compte en moyenne 34 meurtres par jour.

Maintenant, dites-moi où se trouve la véritable zone de guerre…

Les rues de Caracas sont plus dangereuses que celles de Bagdad. Si personne n'en parle, c'est probablement parce qu'il est impossible de blâmer les Américains pour la situation au Venezuela.

Les pleureuses professionnelles de la gogauche devraient garder leurs larmes pour les Vénézuéliens, ils en ont plus besoins que les Irakiens.

(H/T: Dissident)

7 décembre 2007

Je vous l’avais dit… En Citations Gauchistan Venezuela

El Dictator

Vous pensiez que la défaite référendaire de Chavez allait le rendre plus humble et sensible aux demandes de l'opposition ? Vous avez été naïfs… Hier Chavez a livré le fond de sa pensée sur ceux qui s'opposent à son régime…

"C'est une victoire de merde. La nôtre, ils peuvent bien l'appeler défaite, est celle du courage. Sachez gérer votre victoire, mais ils (l'opposition) sont déjà en train de la remplir de merde. [...]

A ceux qui viennent en disant que la révolution a subi une défaite, qu'on me permette de leur dire que la révolution est (…) là pour durer"

3 décembre 2007

Perspective économique Économie États-Unis International Moyen-Orient Venezuela

Économie Américaine

Le PIB de l'état de la Californie s'élève à 1 727 355 millions de dollars. C'est presque l'équivalent du PIB de tous les pays membre de l'OPEP qui s’élève à 1 825 832 millions de dollars.

Voilà qui met en perspective la puissance de l'économie américaine et les limites de la richesse qui peut être créée par l'exploitation du pétrole.

1 décembre 2007

Le pétro-autoritarisme Gauchistan Venezuela

"Chávez’s grab for socialist-emperor status is grotesque and dangerous — as Fascism was — a terrible example for a region that has been consolidating democracy"

New York Times
Shutting Up Venezuela’s Chávez

It was a fascist general in 1930s Spain who coined the phrase “Viva la muerte!” or “Long live death!” Essentially meaningless, the words captured the cult of soil, blood and savagery that coursed through European Fascism, in its Francoist and other forms.

President Hugo Chávez of Venezuela hates fascists; they are central to his repertoire of insults. But he has not hesitated to deploy the imagery of death to bolster his leftist brand of petro-authoritarianism, now operating under the ludicrous banner of “Fatherland, Socialism or Death!”

The slogan looks almost quaint in its anachronism. Chávez would no doubt claim Cuban revolutionary, rather than Spanish fascist, roots for it (Fidel Castro also invoked fatherland and finality). The bottom line is this: Latin America’s oil-gilded caudillo is getting serious about ruling for life, just like Franco and Castro.

I might add Vladimir Putin to that list. Like the Russian leader, Chávez has already used gushing oil revenue, a pliant judiciary, subservient institutions and the galvanizing appeal of vitriolic anti-Americanism to concoct a 21st-century, gulag-free authoritarianism. But even Putin has not contemplated going as far as Chávez now intends to take his “Bolivarian revolution.”

Venezuelans will vote Sunday in a referendum that would remove all limits on presidential re-election, grant Chávez direct control over foreign currency reserves, allow him to censor the media under a state of emergency declarable at his discretion, expand his powers to expropriate private property and create the second formally socialist nation in the Americas alongside Fidel’s.

“The measures amount to a constitutional coup,” said Teodoro Petkoff, who edits an opposition newspaper. Certainly, they would prod Venezuela from an oppressive rule comparable to Mexico’s under its once impregnable Institutional Revolutionary Party toward the dictatorial absolutism of Cuba.

Unlike other votes during Chávez’s nine-year presidency, and unlike the assured victory of Putin’s United Russia Party in voting the same day, the referendum is not a foregone conclusion.

Overcoming inertia, opponents led by students have energized a “No” campaign. A general once close to Chávez has denounced a looming coup d’état. Polls suggest a close outcome.

But awash in petrodollars — oil accounts for about 90 percent of Venezuelan exports — Chávez commands formidable resources. They are centered in the armed forces; a huge nomenklatura scattered across the bureaucracy and newly nationalized industries; the so-called Boliburgesía (Bolivarian bourgeoisie) of traders grown rich working the angles of a corrupt system; and the poor whom Chávez has helped and manipulated.

Certainly, the oil money Chávez has plowed into poor neighborhoods (at the expense of an oil industry suffering chronic underinvestment) has reduced poverty. The United Nations Economic Commission for Latin America said last year that the extreme poverty rate had fallen to 9.9 percent from 15.9 percent.

But more than spreading socialist ideals, Chávez has spread a form of crony capitalism, dedicated to his greater glory, that has imbued the economy with all the resilience of a house of cards.

Foreign investment has plunged, scared off by nationalizations. A huge disparity between the official and black-market exchange rates has encouraged get-rich-quick schemes for favored “Chávistas” while erecting endless barriers to trade. Price controls on staples have made eggs unavailable. This week, you can’t find chickens. Chávez’s socialism delivers subsidized gasoline and glittering malls but no milk.

Latin America has been here before, with the disastrous import-substitution and highly regulated models of the 1960s and ’70s. Most of the region has moved on, but not Chávez, who trumpets “growth from within,” whatever that is. The World Bank’s recently released “Doing Business 2008,” a ranking of the ease of conducting commerce, places Venezuela 172nd out of 178 countries.

Despite this, the country does huge business with the United States, as its fourth-largest crude oil supplier and a big importer. Chávez’s “socialism” and his chumminess with Iran’s Mahmoud Ahmadinejad do not extend to cutting off the “imperialist empire.” Chávez is too shrewd to sever his lifeline.

A possible conclusion would be that he’s harmless — a wily barracks-bred buffoon whose leftist rhetoric is just a veneer for a petrodollar power play. Perhaps that’s why the United States — and Latin American nations — have been so muted, or silent, before Chávez’s attempted “constitutional coup.” Oil speaks.

But Chávez’s grab for socialist-emperor status is grotesque and dangerous — as Fascism was — a terrible example for a region that has been consolidating democracy. King Juan Carlos of Spain got it right when he recently interrupted Chávez’s trademark verbal diarrhea with a brusque: “Why don’t you just shut up?”

Venezuelans should watch that regal routine on YouTube — it’s even been set to music — and follow suit on Sunday.