He's dangerous in the sense that he is seeking increased control of all aspects of government. He realizes that if he can't keep power, by amending the constitution, his programs will be his own downfall.
The benefit of his tactics are that he is directly addressing the poor people in Venezuela. It's hard to argue against bringing poor people up the ladder. In fact, this is what tends to happen in the early stages of a command economy - rapid economic growth. The problem for Chavez is, if the nation's poor suddenly become the nation's middle-class he no longer has a base of support. As these people start to make money and get into their own, you can bet that they are going to want to be able to keep the fruits of their labor, rather than redistributing it. Chavez knows this, he's smart, and that's why he is dangerous.
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