The story, for those of you who don't already know, is this:
Last year, the country's elites, working with the military and corporate media, staged a coup attempt to overthrow the democratically elected president, Hugo Chavez, because of his attempts of put the country's oil to work for the people and not the wealthy elite and foreign multinationals.
The coup failed, and Chavez was returned to power shortly. What followed was a 2-month general strike, imposed by the opposition and media, crippling the country's economy. It is also worthy to note that the Constitution was re-written at Chavez's request, to make the government more accountable and democratic. It is because of these reforms that Venezuela is now the only country in the world to allow for a recall election if 20% of the electorate sign a petition to demand it.
The opposition has exploited this and has gather (barely) enough signiatures to demand a recall. The election will be held on August 15th. According to the Consitution, if the recall election was held just 4 days later, on August 19th, Chavez's vice-president would serve out the rest of the term, until 2007, regardless of who won. But the Chavez government has made ever attempt to give the opposition the benefit of the doubt, though it might very well kill them. So, as it stands, if the recall succeseds, general elections will be held within 30 days.
This is all despite the fact that the opposition has staged an illegal coup, despite the fact that 90% of the domestic media, and pretty much all the foreign media is totally anti-Chavez, due to the fact that they're owned by rich media moguls. And yet, here is this man who will step down if "the people wish it so*", even though it will put people in to power who care nothing for the poor, who will rape the country's resources, who are thouroughly anti-democratic.
*The poor are overwhelmingly pro-Chavez, but since the wealthy elites control all the media, and because they have no integrity to speak of, whcih has in the past lead to vvote tampering and so forth, "the will of the people" is in fact "the will of the rich, speaking instead of the people"....