Hugo Chavez's defeat in the referendum is extremely welcome, not because Chavez was defeated but because democracy won. A hint from Indian democracy, where someone in power is defeated virtually every month, given the number of states in the Union and the haywire schedule of elections: it is always the one per cent that makes the decisive difference. It’s that one percent that is beyond the reach of either oil or any well-oiled state machinery. God is on the side of One Percent.