Posts tagged Neoliberalism
Covid-19 and the Failure of Economic Globalization in Latin America: Is there a way forward?

Globalization has failed Latin America. It created the vulnerability that is making it so difficult for the countries of the region to address the developing social tragedy brought about by the pandemic. A recent OECD report suggests that the way forward is for countries to negotiate a “new social contract”—one that involves a revamping of institutions and social priorities.

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The Populist Right, the Poor, and the Resiliency of Neoliberalism in Latin America

With the decline in commodity prices and the receding of the pink tide (the recent removal from power/defeat of various populist left governments), we are now seeing an emergence of two linked phenomenon: a return to neoliberal policies and the emergence of the political right, increasingly with populist features. Populist right movements are garnering significant electoral support; successfully recruiting supporters from a wide spectrum of social sectors, including from among the poor—the very part of the population whose expansion is linked to neoliberal reform. While the most notable case is of Brazil under Jair Bolsonaro, another worrisome case is that of Costa Rica—the very country widely assumed to be one of the region’s strongest bastions of liberal democracy and civil liberties.

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Panama: Not one of the World’s Hot Spots: (At least not yet)

I am currently on leave in the beautiful and seemingly untroubled country of Panama. Although planning to spend my time writing about Latin American populism, I have become distracted by this country’s deviation from the Latin American (and indeed global) phenomenon of populism and relentless mass unrest. In the era of economic globalization with its mantra of ever-expanding trade, relative social and political peace in a country that is a central hub of trade is essential. Roughly $270 billion worth of cargo crosses the Panama Canal each year; the canal serves more than 140 maritime routes to over 80 countries.

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The Amazon Fires: Globalization’s Chickens have come Home to Roost

Over the last week, the extensive media coverage of the fires raging in the Amazon has caught the attention of the leaders of the world’s most powerful countries. The G-7 meeting of western nations offered $20 million (U.S.) in aid and urged the Brazilian government of right populist president Jair Bolsonaro to take measures to contain the growing inferno in the Brazilian Amazon. What is happening in the Amazon is a disaster of horrific proportions is beyond doubt; the fires are destroying vegetation and wildlife and threatening the lives and livelihoods of the Indigenous peoples who live there.

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The Venezuelan Crisis: No Way Forward

Venezuela is facing a catastrophic economic, political and social crisis: there is widespread hunger, inflation is at 1,000,000 percent, and millions have fled the country. By all accounts, the country is now ruled by an oligarchy of criminals. Most Venezuelans want the regime of Nicolás Maduro gone. Opposition leader Juan Guaidó has proclaimed himself acting interim president; thus far, he has been recognized as such by the U.S., Canada, Brazil, Colombia, Argentina, Australia, Israel, and the European parliament. China and Russia, Venezuela’s first and second most important creditors, remain staunch Maduro supporters. Other countries, with less questionable motivations, have also failed to get onto the Guaidó bandwagon: Mexico and Uruguay have urged a negotiated solution—an offer that Guaidó has flatly turned down.

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The Revival of Neoliberalism and the Power of Capital in Latin America

The pink tide in Latin America, which saw a slew of left leaders elected throughout the region during the first decade of the century, has pretty much come to an end.

Right wing presidents have been elected in Chile (2010 and 2017) and Argentina (2015). In Brazil, the political right gained executive power with the impeachment of left president Dilma Rousseff. This development was followed by the election of right populist, Jair Bolsonaro, as president in 2018. While a left president was recently re-elected in Ecuador, policies are becoming increasingly business friendly. The main outlier is Mexico, which recently elected left President Andrés Manuel López Obrador (AMLO). That government is already facing rising business opposition.

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The Central American Caravan: More Blowback from Misadventures in U.S. Foreign Policy

The Caravan of Central Americans making its way toward the U.S. border has led to the amassing of some 5000 U.S. troops along that border. This mass migration is driven by a confluence of factors that have a long-standing history in the region: most notably widespread poverty and violence. Central American countries, more than any other countries of the region, are, in the words of the Mexican writer Carlos Fuentes, “at war with the past.” They have a history of repressive dictatorships, extreme concentrations of wealth, and poverty. Part of that history, however, has involved the involvement of the United States in ways that have exacerbated the very problems that are causing the current massive out-migration.

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The Brazilian Election and Latin America’s Democratic/Authoritarian Cycles

When Latin America made the transition to electoral democracy in the mid-1980s, the process was hailed as marking the end to the region’s fluctuations between authoritarianism and democracy. Recent, events, especially in Brazil, tell a different story.  Between 2006 and 2011, it seemed possible that the program of a moderate social democratic program could be reconciled with a neoliberal global orientation: Brazil dramatically reduced poverty, public spending was kept in check, while big businesses expanded both exports and investments abroad. Now we see a sharp turn to the political right in Brazil and the inevitability of policies that will contribute to social deterioration. With 99 percent of the votes in, right populist presidential candidate, Jair Bolsonaro, leads with 46 percent of the vote. He is expected to win the second round of voting on October 28. 

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The Rise of the Populist Right: Lessons from Latin America

     Right wing populism, widely seen as a threat to liberal democracy, has been on the rise in the United States and Europe over the last decade. Latin America has a long history of both left and right populist movements, leaders, and governments. It also has had its share of programmatic political parties and leaders committed to social change and substantive democratization. Yet the region’s illiberal democratic features remain stubbornly persistent. There are lessons to be learned from the Latin American experience. Unfortunately, these lessons do not provide much reason for optimism. 

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What went wrong with Latin America’s Left Regimes?

     Increasingly, right-leaning governments are replacing left regimes in Latin America or, if left governments continue to cling to power, they are adopting policies normally associated with the political right. There has been a shift back to some neoliberal policies that contributed to poverty and inequality in the past. Sympathetic observers placed great hope in the left regimes that came to power between the late 1990s and the mid-2000s—these regimes seemed to be on the right track since they reduced poverty substantially and made inroads into high levels of inequality. What went wrong?

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