Hugo Chavez is asking for numerous constitutional changes to “put an end to central bank autonomy, reduce the length of the standard working day, strengthen state expropriation powers and create new types of property managed by co-operatives.”

Whatever Venezuelans think of Hugo Chavez, they must recognize that he is asking for too much power. Someday, a president they don’t like will be elected, and that president will wield the same power that Chavez is now asking for. Surely it is not difficult to imagine a president that wields the power of expropriation or the power to print money indiscriminately for his own personal good, rather than for the good of the people. Venezuelans must place their trust in processes, and not in specific leaders.