Latin America
Related: About this forumEconomy 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
Bacchus4.0
(6,837 posts)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.
Socialistlemur
(770 posts)I can't figure why it happens.
Paolo123
(297 posts)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)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)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.