While Latin America is no stranger to economic and political turmoil, the circumstances this time are quite different. The collapsing currencies, runaway government debt and hyperinflation that regularly plunged the region into devastating crises are largely absent . For that, thank thea suite of policies including keeping budgets and inflation under control championed by the region’s finance ministers and central bankers, many trained at U.S. schools.
And yet in the past decade Latin America failed to achieve what mattered most: durable economic growth. Even before Covid-19, the region was stagnating. Per capita gross domestic product, adjusted for inflation and currency purchasing power, was the same in 2019 as in 2011. In that time China’s grew 66%, India’s 52%.knocked Latin American per capita incomes back another 8%, the International Monetary Fund estimates.
Latin America still lags behind in part because its rates of saving and investment remain far below Asia’s, and because of its dependence on commodities, which boomed on the back of Chinese demand, then went bust.
Marxism is not a way out of economic problems but it is a way for criminal cartels to control the people.
Good luck Peru
It’s easy to vote your way into Socialism. It’s a lot harder to shoot your way out.
Let’s hope Peruvians are not fucking stupid
THE BIG-PHARMA-DATA PROJECT to accept : a Social Human Biological ' DISTANCIATION ' society of control-EUGENICS-transhumanism Then COMMODIFICATION of the HUMAN BODY Sorcerer's Apprentice DEHUMANIZED DIRECT Democraty to RETHINK EVERYTHING
Imagine all these people waving the flag of Bitcoin instead...
good