Sometimes it is hard to comprehend the magnitude of what is being glorified. Socialist rhetoric and how it led to the demise of Bolivia.
by Sofia Meador Sauto
I cannot help but laugh at my friend as she throws her middle finger up at capitalism and proceeds to tell Alexa to turn off her alarm. Can’t help but chuckle at the stereotypical anti-capitalist rebel, walking down Library Walk with her Birkenstock sandals, preaching about the wonders of all the “free” stuff socialism has to offer. Nor can I help but roll my eyes and smirk at the memory of my professor last quarter who while conveying a talk replete with anti-capitalism and anti-neoliberalism sentiment, dropped his Mercedes car keys. Have these people not seen the detrimental state their socialist wonders are in? Oh, the sentiment of self accomplishment these heretics must feel when going against their dysfunctional capitalist system.
Continue reading “Op Ed: Latin America’s League of Socialist Dictators and the Call to Stop Romanticizing Socialism”
As more right-wing populist leaders appear throughout Latin America, Brazilian economist Tiago Falcão gave a presentation at the Institute of the Americas to speak on how this new phenomenon will influence government social spending programs.
by Rebeca Camacho
With the rise of populist leaders all throughout the world, scrutiny of social welfare programs reclaimed attention in the political sphere. On Wednesday, January 29, 2020 the University of California, San Diego’s School of Global Policy and Strategy and Center on Global Transformation hosted Pacific Leadership Fellow and Brazilian economist Tiago Falcão, who gave a presentation on the resurgence of populism and its implications on social welfare programs in Latin America. The event took place in the Malamud Room, located in the Institute of the Americas where many scholars, researchers, and industry experts meet to evaluate developments in the region.
Continue reading “UCSD Event: Is Populism Reshaping Social Protection in Latin America?”
With the rise of cryptocurrencies in the world market, many Latin American countries are now integrating the digital coins into their national economies. For Venezuelan President Nicolas Maduro, betting on crypto could be the last resort.
by Sebastian Preising
What does a country do if they are suffering from hyperinflation, rampant government corruption, and are bordering on total economic collapse? Some states may choose to adopt another nation’s currency or elect anti-corruption politicians, others are starting to turn towards unconventional solutions. In Venezuela, Bitcoin has already begun steadily replacing the hyper-inflated Bolivar as the nation’s primary transaction currency. In the last week alone, Venezuela reportedly traded over $350 billion Bolivars for Bitcoin, and continues to do so at an increasing rate.
Continue reading “Pegging on The Petro: Venezuela’s Crypto-friendly Strategy to Save a Failing Economy”