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===="Socialism of the 21st century"==== [[File:Chavez e Lula.jpg|thumb|Hugo Chávez and Brazilian president [[Luiz Inácio Lula da Silva|Lula da Silva]], 2005]] In January 2005, Chávez began openly proclaiming the ideology of "[[socialism of the 21st century]]", something that was distinct from his earlier forms of [[Bolivarianism]], which had been [[Social democracy|social democratic]] in nature, merging elements of capitalism and socialism. He used this new term to contrast the [[democratic socialism]], which he wanted to promote in Latin America, from the Marxist–Leninist socialism that had been spread by socialist states like the Soviet Union and the People's Republic of China during the 20th century, arguing that the latter had not been truly democratic, suffering from a lack of participatory democracy and an excessively authoritarian governmental structure.{{citation needed|date=December 2022}} In May 2006, Chávez visited Europe in a private capacity, where he announced plans to supply cheap Venezuelan oil to poor working class communities in the continent. The Mayor of London [[Ken Livingstone]] welcomed him, describing him as "the best news out of Latin America in many years."<ref>[[#Obs06|''The Observer'' 2006]].</ref>
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