More on Venezuela, with the panelists from the show with Governor Arria

returning as guests. A lively discussion of the road to democracy, Latin America's

relations with the United States, and experiments by other Latin countries, especially the Friedmanites in Chile. JAM: "Let me ask you a question. Where is the borderline ... between being a demagogue and being a democrat? If there is one, and I think there is one, what we are trying to do here is not simply give a so-called voice to the people. Did they really have a voice in Argentina [under Peron]?" WFB: "Well, they certainly understood themselves as having a voice.... That's why I think that when you talk about strengthening democratic institutions by making the government responsive to the voice of the people you need to make a qualification, don't you?" JAM: "I don't think I said 'responsive to the voice of the people.' I think letting the people express themselves through their institutions--that means congress; that means the executive branch; that means the courts of the judiciary system, even the vote itself." ... KF: "A lot of countries ... do feel it [foreign investment] is imperialism.... They feel that they've really got an anchor around their neck. This anchor may have an ITT label on it, or an Exxon label, or what have you. But they definitely feel that their progress politically shouldn't have a handbrake on it with a 'Made in U.S.A.' mark on it."