What are the major political issues that face Venezuela today?

In my mind, the most challenging political issues that
face Venezuela come down to the presence of Hugo Chavez.  As the singular leader that
has a control of the political state of Venezuela, much is going to be dependent on
him.  For example, in a world of an increasing need for globalization and a setting
where economies are linked to one another by free market self interest, Chavez seems
something of a throwback to a more ideological time.  Chavez's disdain for "the West"
makes this a challenge.  Yet, at the same time, his nation's embrace of a "multi- polar
world" where alliances are formed amongst so- called "Third World" nations is unique. 
There are questions as to whether or not this is going to be something that will
withstand in the new political dynamic.  For example, so- called "Third World" nations
that join Chavez's Venezuela might do so for political expedience.  Yet, if the
opportunity presented itself for more free market income to be generated, would such
nations continue to honor such ideological alliances, or be more pragmatic in their
policy making focus?  In this light, Venezuela might be pursuing an end that is not as
pragmatic as the current setting might demand.  Another political reality for the nation
would be its reserve of oil.  How it will handle this resource as the world dynamics and
desire for petroleum presents itself will be interesting from both economic and
political ends.  Given the fact that this is a point of political leverage for
Venezuela, the question becomes whether or not the nation will be able to parlay this
into greater political advantage.