Latin America’s vicious circle is a warning to the West
Economic stagnation, popular frustration and polarised politics are reinforcing one another
When they vote in a presidential run-off election this weekend Colombians face a grim choice between two ill-qualified populists. On the left, Gustavo Petro has still not wholly shaken off his long-standing sympathy for Hugo Chávez, the caudillo who destroyed Venezuela’s economy and its democracy. On the right, Rodolfo Hernández is a bullying former mayor with no team and not much of a programme beyond expelling “the thieves”, as he calls the political class. This line-up reflects voters’ deep scorn for Colombia’s mainstream politicians, even though the country has done relatively well over the past 20 years. It is the kind of polarised choice that has become worryingly familiar in Latin American elections. In a region that was discontented even before the pandemic, there no longer seem to be many takers for the moderation, compromise and gradual reform needed to become prosperous and peaceful.
This article appeared in the Leaders section of the print edition under the headline “How democracies decay”
Leaders June 18th 2022
- The tricky restructuring of global supply chains
- Latin America’s vicious circle is a warning to the West
- The Fed and the ECB turn on a dime
- The EU should declare Ukraine a candidate for membership
- The property industry has a huge carbon footprint. Here’s how to reduce it
- Britain’s bill to rip up the Northern Ireland protocol is a terrible idea
More from Leaders
How to improve clinical trials
Involving more participants can lead to new medical insights
Houthi Inc: the pirates who weaponised globalisation
Their Red Sea protection racket is a disturbing glimpse into an anarchic world
Donald Trump will upend 80 years of American foreign policy
A superpower’s approach to the world is about to be turned on its head
Rising bond yields should spur governments to go for growth
The bond sell-off may partly reflect America’s productivity boom
Much of the damage from the LA fires could have been averted
The lesson of the tragedy is that better incentives will keep people safe
Health warnings about alcohol give only half the story
Enjoyment matters as well as risk