Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Zorro

(15,740 posts)
Fri Oct 25, 2013, 07:46 PM Oct 2013

Economy woes pile up for Latin America's leftists

Since the start of the global economic crisis, left-leaning Latin American politicians and pundits have been foretelling the end of economic "neo-liberalism" in their part of the world.

But now, five years after the collapse of US bank Lehman Brothers, we may instead be witnessing the twilight of economic "neo-leftism" in Latin America.

The two nations that have embraced it most fervently are Venezuela and Argentina, which have both seen increasing state intervention in their economies.

Despite wide-ranging price controls, they have the highest levels of inflation in the region, amid other serious problems.

http://www.bbc.co.uk/news/business-24650590

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Economy woes pile up for Latin America's leftists (Original Post) Zorro Oct 2013 OP
Nicaragua is sending their entire crop of black beans to Venezuela Bacchus4.0 Oct 2013 #1
It's interesting to see how black beans disappear in Venezuela Socialistlemur Oct 2013 #2
I'm not sure it is fair to pin this on Leftism: Paolo123 Oct 2013 #3
Peru is the best example Bacchus4.0 Oct 2013 #4
On Nicaragua Paolo123 Oct 2013 #5

Bacchus4.0

(6,837 posts)
1. Nicaragua is sending their entire crop of black beans to Venezuela
Mon Oct 28, 2013, 03:27 PM
Oct 2013

according to the article. So Nicaragua although substantially poorer than Venezuela apparently can produce enough food for itself while Ven cannot. Sounds like a failed economic system in Ven to me, or the black bean hoarders.

 

Paolo123

(297 posts)
3. I'm not sure it is fair to pin this on Leftism:
Tue Oct 29, 2013, 07:58 AM
Oct 2013

There are leftists leaders who have done great things with their economies such as Ecuador and Nicaragua. The problems in Venezuela and Argentina seem to me to be much more a product of corruption than "leftism"

Bacchus4.0

(6,837 posts)
4. Peru is the best example
Tue Oct 29, 2013, 09:35 AM
Oct 2013

and has had leftists in power in Garcia and now Humala.

Venezuela and Argentina are examples of how NOT to run a country left, right, center, any type. Not sure why you included Nicaragua which is still the poorest country in the region I think. They have been aided by the FTA with the US and likely with exports to Venezuela and had decent growth but not anywhere near the gains of other countries in the region lately.

 

Paolo123

(297 posts)
5. On Nicaragua
Tue Oct 29, 2013, 09:40 AM
Oct 2013

I agree it is poor, but they seem to be doing the right things and it seems to be reasonably well Governed. I was there last year and was very impressed. But perhaps you are right that it is not a good example.

Latest Discussions»Region Forums»Latin America»Economy woes pile up for ...