The defeat of President Hugo Chavez in the referendum last December marks an important turning point in the Bolivarian process, which began more than ten years ago. Following this defeat a crucial choice arises: to accelerate the process towards a socialist society or on the contrary to prefer the status quo by centring the revolution solely around the image of the president. After thirteen electoral victories in a row, the defeat in December was a body blow for the whole of the Bolivarian Left. For the first time in ten years, the Venezuelan people had expressed its disapproval, in spite of the widely-recognised gains of the revolution.
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