The following article is from Venezuela Analysis:
October 30th 2008, by James Petras
Latin America is entering a period of profound economic recession, financial crises, collapsing stock market quotations, prices, deep devaluation of its currencies, growing unemployment, declining revenues and the prospect of a prolonged socio-economic recession. The economic breakdown, which is still unfolding, affects the entire political spectrum, extending from the far-right Uribe regime in Colombia to the social-liberal Chilean and Brazilian governments of Bachelet and Lula da Silva to the ‘center-left’ regimes of Evo Morales in Bolivia and Rafael Correa in Ecuador and even to the leftist government of Hugo Chavez.
It is not surprising to see that rightist regimes , embracing neo-liberal doctrines and deeply enmeshed in free trade agreements with the US, following its path to economic collapse. The deepening crisis has affected, with equal or greater force, the so-called ‘center-left’ regimes of Brazil, Ecuador, Argentina, Bolivia and Nicaragua.
The uniformity of the collapse of Latin American economies raises important questions about the changes and claims of independence, decoupling and post-liberal models, which many regime leaders, ideologues and progressive US-European Latin American writers made over the past several years.
Posted in National Liberation, Political Economy
Tagged Argentina, Bolivia, Brazil, Colombia, crisis, Ecuador, Evo Morales, Hugo Chavez, James Petras, Latin America, Lula da Silva, Nicaragua, political economy, Rafeal Correa, Venezuela