ARGUMENTS AGAINST:
Critics say Chavez is moving ever closer to authoritarianism. One newspaper portrayed him with a Hitler moustache under the headline Heil Hugo. He is also accused of seeking to impose Cuban-style communism.
The law further undermines Venezuela's democratic checks and balances, already weakened by the chavistas's dominance of government, the judiciary and the economy.
The vote by the National Assembly was merely a rubber-stamping exercise as it is overwhelmingly dominated by Chavez supporters since an opposition boycott of elections in 2005.
Chavez has threatened to use his powers to undermine press freedom, shutting down critical newspapers and TV stations. He has already warned the head of RCTV, one of Venezuela's oldest channels, to "pack his suitcase".
The move heightens already tense relations between Caracas and Washington, increasing the prospects of a future confrontation.
FIRST POSTED FEBRUARY 5, 2007