If Latin America has a commercial capital, it is Miami
Despite not being in Latin America, it offers cash, connections and creativity to the region
FOR JOAN DIDION, an American essayist, Miami in the 1980s was “not exactly an American city…but a tropical capital: long on rumour, short on memory, overbuilt on the chimera of runaway money”. Nearly 40 years later, the place that Didion described is still more of a tropical capital of Latin America than a typical city in the United States. But the money which is flowing into it is no chimera.
This article appeared in the The Americas section of the print edition under the headline “Hub for a hemisphere”
From the May 7th 2022 edition
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