2016 the year Latin America rejected the neo-socialists

Better days for the socialistas.

It’s been a weird political year south of the US border. The Peronists in Argentina lost.  Dilma was kicked out of the Brazilian presidency. Venezuela plunged totally into economic chaos induced by the current Chavista government. And now the rejection of the FARC deal in Columbia. Things have not gone well for the lefties, and it doesn’t look like they will be seeing much relief anytime soon.

The Pink Tide has ebbed and continues to ebb.

Read More

Bernie Sanders does not want to talk (can’t?) about the failure of socialism in Venezuela, Brazil (VIDEO)

Socialism is imploding in South America. People have died and are dying because of the “system” on the continent. What was once called “The Pink Tide,” the rise of socialist leaders in Venezuela, Brazil, Argentina, Ecuador, and Bolivia at the turn of the century has become a nightmare. The Pink Tide has evaporated with economic dysfunction, hunger, chaos, and state dependent cronies scurrying on the mud flats in its wake.

Read More

Socialist former president of Brazil detained in connection with massive crony oil scandal

This is a huge development. Lula has long been the darling of the socialist Left around the world and especially in South America for almost 2 decades. He rode the “pink tide” to power in the early 2000s with other socialist leaders on the continent, but now it appears that the statist dream is crashing down in a giant crony capitalist scandal. His protege Rousseff Dilma, the current Brazilian president is also staring at impeachment.

Read More

Brazil Goes From Crisis to Crisis as Impeachment Bid Begins

Arguably Obama too was part of the “pink tide” which is dying right now. The world now looks to move on.

The winds of change are indeed blowing all across South America right now. The socialistas are being hammered as the crony chickens come home to roost. In Venezuela there’s no soap or beer (for many people) because the Chavistas have so poorly run the economy. (Particularly in the face of oil price declines.) Argentina voted the Peronists out of the executive.

Read More

Statists gonna state, Argentina’s soon to be former crony president says she’s going to remain in the spotlight

Christina Fernandez de Kirchner apparently has no interest in bowing out of politics gracefully. Ala Nancy Pelosi she will remain in the political wings, waiting for an opportunity to reassert herself, keeping rivals from rising, and making sure her presence informs the political decisions of allies and enemies alike.

Read More

Telegraph: US interest rate rise could trigger global debt crisis

Between a rock and a hard place.

Could? Well, I suppose so. In the same sense that taking drugs away from an addict is likely to trigger a “drugs crisis.”

If you don’t know, the entire financial world is on tenterhooks right now waiting for the latest declaration from the Federal Reserve, or as David Stockman puts it, the financial politburo. Will they raise rates or won’t they? Look to the skies. Stare into the crystal ball. What will the masters of the universe do?

Read More

Latin American socialists (and crony capitalists) are in political free fall

Graffitti from the pro-market protests in Brazil. The largest protests in that country for 30 years.

The Chavistas are in trouble. Brazil is boiling, Argentina is an ongoing basketcase, and in relatively functional and prosperous Chile the voters are rethinking their move to the Left.

Read More

Argentine workers walk out in general strike over taxes

Brazil and Argentina. Both in trouble.

Looks like the South American socialism experiment isn’t working out so well. Venezuela, Brazil, Argentina, the 3 biggies are all floundering economically, big time.

Perhaps Hernando DeSoto the Peruvian free market economist should hold a weekend retreat for the leaders of these countries and school them on how to create wealth and opportunity instead poverty and despair. Just an idea.

Read More