There is one country in the Americas that the Bush Administration regards as a significant threat to U.S. interests, and it is not Cuba. Oil-rich Venezuela’s democratically-elected government has survived repeated, U.S.-supported attempts to undermine its power, including a short lived military coup. Its leader, President Hugo Chávez, is neither communist nor capitalist, and instead claims to be creating an alternative 21st Century socialism that courts international capital. What is the real story behind this leader of Latin America’s lurch to the left? Is it a new petro-populism in the tradition of Peron and Fujimori, or is it truly a progressive, home-grown democratic revolution that will address the massive economic and social inequalities plaguing the region for more than three centuries?