Monday, October 8, 2012

Venezuela reelects Hugo Chavez, continues trend of leftist governments in South America

In a reelection to another six-year term, Venezuela’s President Hugo Chavez defeated challenger Henrique Capriles in Sunday’s presidential election by a 10 percentage point margin.

Sunday’s election marks Chavez’s fourth presidential election win since 1998, an indication that Venezuela, like many other South American countries, prefers leftist governments that improve living standards and actively pursue poverty reduction, says the Center for Economic and Policy Research (CEPR).

“I congratulate the opposition and the directors of the opposition, because they recognize the victory of the people,” Chavez told supporters Sunday. “That’s why I send them this salute and put out my arms to them, because we are all brothers in the fatherland of Bolivar.”

“Chávez is often portrayed as though he were from Mars, but really the similarities between what he has done and what his neighboring left governments have done are much greater than the differences,” said Mark Weisbrot, co-director of CEPR, in a statement. Read More..,

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