Venezuela Is Starving and Still Maduro Clings to Power
Nicolás Maduro is still president of Venezuela. That may not sound like news, but in the six years he has been in power, he has so poorly managed the economy, with increasingly authoritarian measures, that GDP has shrunk 60 percent, inflation has reached an astronomical 10 million percent, once forgotten diseases have returned, 4.5 million Venezuelans have fled the country and 90 percent of the remaining population lives in poverty. It’s the worst economic collapse outside of a civil war.
Little wonder mass protests have been a recurrent aspect of Maduro’s administration, but so far all attempts to remove him have failed.
Maduro only won reelection in 2018 after arresting opposition presidential candidates, sidelining the opposition-controlled legislature and most likely rigging the vote.
In January, Juan Guaidó, a social democrat and president of the National Assembly, took the extraordinary step of invoking Article 233 of the Constitution to declare himself interim president and call for early elections. Read more
Macri’s Failure Returns Peronists to Power in Argentina
Mauricio Macri will vacate the presidency of Argentina next month after a disappointing term in office and a first-round defeat to Peronist candidate Alberto Fernández.
Fernández won by bringing the controversial former president Cristina Fernández de Kirchner into the fold as vice president to help unite the moderate and leftist strands in his party. That unity will be tested by a severe economic crisis. Read more
Millions Flee Venezuela, But Maduro Is Going Nowhere
Twenty years have passed since Hugo Chavez’ Bolivarian Revolution began in Venezuela. Although the first decade halved unemployment and brought poverty levels down to 27 percent, under President Nicolás Maduro there has been a dramatic economic, political and social decline.
Inflation has skyrocketed and is expected to reach 1,000,000 percent this year. Shortages of basic goods have resulted in widespread malnutrition. The outbreak of previously forgotten diseases and violence has reached unprecedented levels. 73 lives are lost per day.
This, combined with a political system that has barred and arrested opposition presidential candidates, sidelined an opposition-dominated legislature and last year carried out an election marred by an opposition boycott and claims of vote-rigging, has led to an exodus of almost 10 percent of Venezuela’s 30 million population. 90 percent of those who remain live in poverty.
With such a parlous state of affairs, how has Maduro kept the show on the road?
And why haven’t Venezuela’s neighbors, who are sheltering most of its refugees, acted to end the misery? Read more
AMLO and Trump: Useful Scapegoats or Unlikely Allies?
Mexico’s new president, Andrés Manuel López Obrador (AMLO), looks like the perfect adversary for Donald Trump. The American represents the financial elites and inequality AMLO has railed against his entire career whereas he himself embodies the hopes of Mexico’s poorest, many of whom have sought a better life in the United States — and who have been disparaged by Trump as criminals and rapists.
But the two leaders also share traits: a populist style, policy light on detail and nostalgia for a bygone era.
The two have avoided a confrontation on trade. Immigration and security provide more opportunities for compromise — but could just as easily cause the relationship to come unstuck. Read more
Is Brazil’s Bolsonaro the Trump of the Tropics?
Brazil is the latest country to lurch toward right-wing nationalism. When Jair Bolsonaro resoundingly defeated his left-wing opponent, Fernando Haddad, in the country’s presidential election last month, news whirled around the world reporting this was Brazil’s Donald Trump.
Bolsonaro is certainly keen to be Trump’s partner in Latin America. But is the comparison apt? And is it helpful to view each new iteration of right-wing nationalism through the Trump prism? Read more
Stakes High for Colombia’s Presidential Novice
Last month, 41-year old Iván Duque was elected as Colombia’s youngest president ever with the largest vote in the country’s history.
Turnout, at 53 percent, was the highest since 1998. The elections came on the heels of an historic peace deal with the far-left Revolutionary Armed Forces of Colombia (FARC), ending half a century of conflict. Read more
Brazil’s Presidential Election Is Up in the Air
Brazil’s presidential election is less than four months away, yet it’s still far from clear what will happen. Read more