Pink Tide in LatAm far from fading: The Guardian

by Simon Tisdal for The Guardian.

Nicolás Maduro’s Socialists were not rejected on ideological grounds, but on grounds of economic incompetence. Economic hard times, such as shortage of food and necessities, appear to be the reason for the Socialists’ defeat, and not a receding of the anti-Washington ‘pink tide’.

“In Latin America [populism] has been propping up the politically powerful for decades, making pawns of the urban and rural poor. Under various ‘caudillos’, both military and civilian strongmen, it has eroded democratic institutions and led to massive government intervention, concentrating political and economic power in the hands of the few,” said writer Alvaro Vargas Llosa.

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