December 2007 Archives

Democracy vs Globalized Capitalism

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By Noah Carpenter. December 2007.

Latin America saw a resurgence in Centre-Left candidates in the democratic elections of 2006. In Ecuador Rafael Correa took office, Nicaragua saw Daniel Ortega regain the presidency, in 2005 Evo Morales became the first indigenous president of his country, Hugo Chavez was re-elected to the chagrin of the Bush administration, Chile elected Michelle Bachelet, Peru elected Alan Garcia, in Uruguay Tabare  Ramon Vazquez Rosas took office, and in Brazil Luiz Ignacio Lula de Silva one in the second round of votes. Even though all of the candidates are left leaning they all have somewhat varied approaches to what they promise to bring to the table during their presidency. Chavez and Morales being the most socialistic and radical of the group, and others such as Bachelet, Lula de Silva, and Garcia favoring more socially democratic views when it comes to the market place (ODI). The common threads that do hold these Presidents and their voters together is their severe dissatisfaction with neoliberal free market economic policies that have been implemented under the “Washington Consensus” during the 1980’s and 90’s.  People in Latin America have watched as the divide between rich and poor has grown tremendously over the years, some statistics labeling South America as the most unequal in the world. With trickle down economics failing to provide better lives and more jobs it seems that the people of the Southern Hemisphere are ready to try something new. Coupled with the Bush administration’s priorities, or some would say distractions, in the Middle East and the rising discontent among the marginalized, the 2006 elections became the time for change. What are some of the mechanisms for change that the people of Latin America have used to wrestle power away from the economic elites?


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