How Hugo Chavez's revolution crumbled

The outcome is a victory for the United States, which was virtually the only country that backed the democratic election that broke the impasse. Honduras is the end of Chávez’s crusade to export his revolution to other countries. Bolivia and Nicaragua will remain his only sure allies. Brazil’s Lula, whose tolerance of Chávez has tarnished his bid to become a global statesman, will leave office at the end of this year; polls show his party’s nominee trailing a more conservative candidate.

Haiti only deepens Chávez’s hole. As the world watches, the United States is directing a massive humanitarian operation, and Haitians are literally cheering the arrival of U.S. Marines. Chávez has no way to reconcile those images with his central propaganda message to Latin Americans, which is that the United States is an “empire” and an evil force in the region.

Then there is the meltdown Chávez faces at home. Despite the recovery in oil prices, the Venezuelan economy is deep in recession and continues to sink even as the rest of Latin America recovers. Economists guess inflation could rise to 60 percent in the coming months. Meanwhile, due to a drought, the country is threatened with the shutdown of a hydroelectric plant that supplies 70 percent of its electricity. And Chávez’s failure to invest in new plants means there is no backup.