Shannon K. O'Neil

Latin America's Moment

O'Neil analyzes developments in Latin America and U.S. relations in the region.

Why Venezuela and Bolivia aren't leading a region-wide trend

by Shannon K. O'Neil Wednesday, January 31, 2007

Venezuela’s President Hugo Chavez and Bolivia’s President Evo Morales are closely linked, and many fear they represent a new trend away from democracy, open markets, and the United States in Latin America. Overlooked are substantial differences between these two countries  and from their Latin American neighbors. Read more »

Venezuela's turn toward socialism: Hugo Chavez plans to nationalize CANTV and EDC

by Shannon K. O'Neil Thursday, January 11, 2007

On Monday January 8th, two days before his inauguration to a third term, Hugo Chavez announced that he would deepen his socialist or Bolivarian revolution by nationalizing companies that are deemed to be strategic to the national interest. Specifically, he singled out the telephone company CANTV and the Caracas utility company, EDC. Since both are at least partially owned by U.S. companies (Verizon and AES respectively), this shocked not only Venezuela’s domestic financial markets but also Wall Street. Read more »