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The Fall of the Latin America Left. Part 1 Brazil, Part 2 Venezuela and Part 3 Argentina


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2017 May 1, 4:50am   2,052 views  7 comments

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The Fall of the Latin American Left, Part I: Brazil’s Boom and Bust. The world’s attention over the last few months has been focused on the rise of right-wing movements across the first world, and the struggle of the previously-ruling liberal establishment to understand the nature of what hit them. Somewhat buried below those news, however, one can also read about what seem to be the last pangs of another regional alliance going haywire, though with somewhat different protagonists.

It wasn’t long ago that South American governments were seen as the biggest political alternative in a world moving mostly to the right, as parties backed by unemployed and landless movements, trade unions, indigenous groups and socialist organizations took power and pushed for certain re-distributive policies.

Now, the continent’s two biggest economies, Argentina and Brazil, are ruled by coalitions packed with center-right businessmen. And in Venezuela — the country which arguably started to turn the continental political tide to the left back in 1998 — Hugo Chávez’s heir Nicolás Maduro is barely holding to the presidency, losing by a landslide in the last mid-term elections amid frightening levels of social disarray.

Unpacking what went wrong for them will be key for whoever ends up being the next leftist movement to have a shot at power. And much of what went wrong was about the economy.

The fact that those three collapses took place almost simultaneously had a lot to do with the end of the commodity price supercycle that made life so much easier for governments across Latin America throughout the 2000s. But it wasn’t simply a stroke of bad luck with the region’s primary exports.

http://www.nakedcapitalism.com/2017/04/the-fall-of-the-latin-american-left-part-i-brazils-boom-and-bust.html

The Fall of the Latin American Left, Part II: Venezuela’s Heterodox Collapse

https://macro.economicblogs.org/naked-capitalism/2017/04/smith-latin-american-ii-venezuelas-heterodox-collapse/

The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections.

http://www.nakedcapitalism.com/2017/05/fall-latin-american-left-part-iii-argentina-right-winning-elections.html

#GeoPolitics #Economics #LatinAmerica

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1   Strategist   2017 May 1, 7:37am  

anonymous says

The Fall of the Latin American Left, Part II: Venezuela’s Heterodox Collapse

What are you talking about? Venezuela is a very successful country. They just raised the minimum wage by a whopping 60%. Compare that to the measly increases we get.
Our workers get ripped off by the capitalist pigs. Uh.... Wait a minute....Their minimum wage is 27 cents per hour. LOL LOL. The mother of all socialist Utopia.

2   FortWayne   2017 May 1, 8:12am  

So BAO are you finally coming to realization that policies left creates only leads to massive bondage? Or you still think that while everyone else fails, you guys can still pull off the communist utopia here within US borders by establishing left policies as the law of the land?

3   NDrLoR   2017 May 1, 8:51am  

anonymous says

Unpacking what went wrong

Right or left, people still have to eat.

4   HEY YOU   2017 May 1, 9:43am  

FortWayne says

So BAO are you finally coming to realization that policies left creates only leads to massive bondage? Or you still think that while everyone else fails, you guys can still pull off the communist utopia here within US borders by establishing left policies as the law of the land?

How many Republicans,individual & businesses, are getting their SOCIALIST BIG GOVT. HANDOUTS ?
Are you still using the infrastructure that you didn't build?
I never know when to use Socialist Hypocrite.

5   Strategist   2017 May 1, 10:01am  

HEY YOU says

How many Republicans,individual & businesses, are getting their SOCIALIST BIG GOVT. HANDOUTS ?

I'm sure it's less than the democrats. Most welfare recipients vote Democrat, just to get more well deserved handouts.

6   missing   2017 May 1, 10:07am  

Here we go again. Right wingers demonstrating superficial understanding of how the world works and in the process revealing the small size of their brains.

7   MisdemeanorRebel   2017 May 1, 12:31pm  

Time for Puerto Rico to be a free state. They don't participate as part of the US in the Olympics, they demanded all the bases and ranges close, yet they instantly qualify for Welfare, which many game by spending P/T in the USA then retreating to PR in the Winter. It's a burden with no benefit to the US.

With 350+M people, the argument that they can volunteer for the US Military is a joke. I don't think 1% more population makes a difference.

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