Thursday, April 7, 2016

Latin Americans embracing economic freedom

The Libertarian Moment Is Unfolding in Latin America, Not the US - Nelson Albino, Jr., Pan Am Post:

April 4, 2016 - "Over the last few years, the so-called libertarian moment has been given much to talk in the United States — especially after the rise of former Congressman Ron Paul in the 2008 and 2012 elections. His message reached the masses and generated great expectations ... but Donald Trump changed everything.... Trump’s arrival did so much damage to the Republican libertarian movement that Reason Magazine and Cato Institute held a series of debates on whether the libertarian moment was 'dead.'

"Regardless of its downfall or not in the United States, it is certainly alive and well in Latin America.... Latin Americans have grown tired of years of populism and socialism and have begun to demand changes in their respective countries.

"Argentina is the best example right now. The victory of Mauricio Macri in last year’s presidential elections ends years of leftist government.... The new president wasted no time and immediately started implementing pro-market measures, reducing taxes, eliminating currency controls, naming a new president for the Central Bank and negotiating foreign debt payments....

"Last December and for the first time in 17 years, on the election with higher voter turnout, Venezuelans chose an opposition-controlled National Assembly, removing the Socialist Party control of the legislative branch.... The Chavistas still control the executive and judicial branches, but this year Venezuelan opposition will activate constitutional mechanisms to exit President Maduro, ending 17 years of socialist tyranny....

"Millions of angry Brazilians have taken to the streets in recent months demanding the resignation of President Dilma Rousseff.... Brazil’s main topic is the scandal at the state oil company Petrobras, which involves President Rousseff and her predecessor Luiz Inacio Lula da Silva. Both Rousseff and Lula da Silva are part of the socialist bloc that has ruled in South America for the past decade-and-a-half.

"Another example is Bolivia, where President Evo Morales, who has spent 10 years running the country, ... was defeated in a referendum where the Bolivian people did not approve of Morales running for a fourth presidential term, forcing him to end his mandate as soon as it expires in 2020.

"Though reforms are still at an early stage, the fact that pro-market ideas and economic liberalism are starting to be seen as real, strong crisis alternatives, both economically and socially, is a big step — especially when historically solvent countries like the United States continue to debate whether they should tilt to the left."

Read more:
'via Blog this'

No comments:

Post a Comment