Crash of the Pink Tide: Latin America Continues Shift

New Post Public Reply Private Reply Replies (0) Message Board
PoemStone
74
Crash of the Pink Tide: Latin America
Continues Shift Rightwards in 2018 < >

Final-LatAm-640x397.jpg

Latin America has continued its shift towards right-wing, anti-socialist leaders in the year 2018, electing new administrations in Colombia, Brazil, and Chile to change the political climate of a continent dominated by left-wing governments in the 21st century so far.

For most of the 2000s, Latin America’s largest nations were dominated by various hard-left leaders who wreaked economic and political havoc on the continent. The administrations of Hugo Chávez in Venezuela, Cristina Fernandez de Kirchner in Argentina, Luiz Inácio Lula da Silva in Brazil, Evo Morales in Bolivia, Rafael Correa in Ecuador, José Mujica in Uruguay, and others all initially proved popular with their ambitious spending schemes designed to eradicate poverty.

Yet in many of those countries – particularly Brazil, Argentina, and Venezuela – the consequences of socialism have come to fruition, paving the way for more right-leaning governments eager for close ties with the United States. In 2015, the former businessman and Mayor of Buenos Aires Mauricio Macri became President of Argentina, defeating Kirchner’s hand-picked successor. In Brazil, the 2016 impeachment of Brazilian leader Dilma Rousseff resulted in her temporary replacement by Michel Temer, her centrist vice president.

2018 will go down as possibly the most significant year in the shift of the continent rightwards.

Brazil

The major upset of 2018 came with the election of right-wing firebrand Jair Bolsonaro in Brazil, upending over a decade of socialist rule in a country where endless corruption scandals left the reputation of the political class in tatters. In May, the nation’s Supreme Court rejected former socialist President Lula’s final appeal, forcing him to start his 12-year prison sentence for his involvement in the Obredecht scandal. The Brazilian court system found Lula, who rose to prominence as the chief architect of the modern Brazilian left, guilty of using over $1 million in bribes to purchase a luxury beachfront property. During his tenure, dozens of politicians of nearly all political parties enriched themselves in a government kickback scheme known as “Operation Car Wash.”

The scandals paved the way for Bolsonaro, a 63-year-old Congressman and former army captain, to win the presidency after he promised to lead a major corruption crackdown, tackle soaring levels of crime, and liberalize the economy. Bolsonaro campaigned with two major advantages to his favor: proposing American-style conservatism rather than socialism or left-centrism – an option unheard of in modern Brazil – and, as a member of the tiny Social Liberal Party (PSL), having no record of corruption or ties to Operation Car Wash.

An outspoken admirer of Donald Trump, Bolsonaro has pledged to follow Washington’s lead on a number of foreign policy issues, including recognizing Jerusalem as the capital of Israel, taking a tougher line against China, and stepping up international efforts to oust the Maduro regime in Venezuela. He also identifies as a hardline social conservative and fervent Christian (he is Catholic, his wife is Evangelical) and has pledged to cut funding for sexual education in schools and block any move to liberalize the country’s abortion laws.

Chile

In March, conservative politician Sebastian Piñera took power for the second time in Chile, replacing Michelle Bachelet at the helm of what remains the continent’s wealthiest and most prosperous nation. Although not considered a hardliner, he has received criticism for appointing members of his cabinet with ties to the Pinochet dictatorship. He has sought to lead a pro-business administration and has been one of the leading voices against the Maduro regime, describing the situation as a “tragedy in every sense of the word.”

Colombia

In Colombia’s presidential elections in May, conservative Ivan Duque defeated the far-left candidate Gustavo Petro, whose campaign was overshadowed by the economic and humanitarian crisis currently taking place in neighboring Venezuela. Since 2015, Colombia has welcomed over one million Venezuelan refugees, and as such Petro’s stated admiration for late revolutionary Hugo Chávez proved a devastating campaign message.

Duque replaced President Juan Manuel Santos, who despite formerly serving in a right-of-center government, staked his presidency on an amnesty deal with the Marxist terrorist group Revolutionary Armed Forces of Colombia (FARC), and pushed it through despite it being rejected in a nationwide referendum.

Duque was the hand-picked successor of former President Alvaro Uribe, who led Colombia from 2002 to 2010 and who maintains widespread support for his successful campaigns to liberate the country from guerilla warfare.

Since taking office in August, the 42-year-old Duque has sought to renegotiate aspects of the deal signed under Santos, with so far little success. In other domestic policy, he has prioritized the attraction of inward investment in the Colombian economy by cutting corporate tax rates and improving overall security in a nation still plagued by violence.

Venezuela?

Despite the Maduro regime’s continued grip on power, there is increasing evidence that a democratic Venezuela would be led by a government vehemently opposed to the socialist policy that has led to the country’s demise. The regime has stolen every recent election in the country. In this year’s presidential election, the government banned conservatives from running, leading to a mass boycott designed to undermine Maduro’s legitimacy.

Millions of Venezuelans have fled to other countries to escape the humanitarian crisis currently afflicting this once prosperous nation. As a result, the argument of “just look at Venezuela” has become a devastatingly effective campaign cry for conservative politicians around the world, as noted with neighboring nations above.

Mexico, the exception to the rule

The major exception to the rule of Latin America’s shift rightwards was in Mexico, where left-wing populist Andrés Manuel López Obrador (AMLO) defied expectations to the left. Many in America blamed his victory on anti-Trump sentiment, while remaining regimes in Cuba, Venezuela, and Bolivia hailed it as an embrace of the ideals of revolutionary socialism.

Yet as noted by Breitbart at the time, AMLO’s success was more to do with the chronic cartel violence that has dominated life in Mexico for so long, as well as the rampant corruption and failures of outgoing leader Enrique Peña Nieto. AMLO, well-known to Mexican voters despite being an outsider candidate for stunts like declaring himself the “legitimate” president of Mexico after losing in 2006, benefitted greatly from the gross unpopularity of predecessor Enrique Peña Nieto and the desire of the Mexican voters to replace establishment politicians. AMLO has pitched a controversial plan to provide amnesty for some drug crimes, while also promising to lead a war against corruption.
Featured stocks: Coffee Shoppe
For conservative debate: "Keeping it Real"
Game Changing stock $SHMP

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Dar Global Eyes Dubai for Strategic Real Estate Moves

Updated Category News Views 256

Tapping into Dubai's Real Estate Allure Every seasoned investor knows the real estate game ain't for the faint of heart, especially when you’re playing in a market as competitive as Dubai's. But here comes Dar Global Capital Partners (DGCP), throwing their hat into the ring with a fresh strategy centered around high-value real estate. Sure, they aren't new to the...

Continue Reading
Redwood and SAP Partner on Secure File Transfer

Updated Category News Views 259

Redwood Advances SAP Interiors with New File Solution October 26, '26 is now a landmark for Redwood Software. They've just rolled out their SAP Managed File Transfer solution. Got the brainpower behind Redwood and SAP operating together here, and they're offering this to enterprises aimed at optimizing their file-based workflow. If you're scratching your head just hearing...

Continue Reading
Bertram Capital Backs MCE's Expansive Growth Vision

Updated Category News Views 116

A Strategic Move for Bertram Capital Right on the heels of seasoned market moves, Bertram Capital has thrown its support behind Motion & Control Enterprises (MCE). This isn't just another portfolio addition; it's a calculated step into the complex world of industrial distribution, partnering with a company renowned for its prowess in engineered solutions. If you've ever...

Continue Reading
Minesto Teams Up to Unlock Tidal Power in Maldives

Updated Category News Views 167

The world of ocean energy just got a jolt from an unlikely corner. Minesto, the ocean energy whiz, and Morteza Capital, a savvy investment force entrenched in the Maldives, are shaking hands to usher tidal energy into this paradise. Tidal Waves Meet Tourism When you're talking about the Maldives, you're talking about two main things: pristine tropical getaways and a whole...

Continue Reading
Blue Ridge Bankshares Q3 2026 Earnings: Challenges Ahead

Updated Category News Views 14

Crunching the Numbers at Blue Ridge Bankshares Sometimes the market throws curveballs, and it seems Blue Ridge Bankshares, Inc. is caught in a tricky inning this third quarter of 2026. With a reported net loss of $4.2 million or ($0.05) per diluted share, it certainly doesn't paint a rosy picture compared to a year prior. This ain't no cocktail brunch chatter—this is...

Continue Reading
Cleveland Youth Team Uses Global Catch for Fundraising

Updated Category News Views 79

Turning a Simple Game into a Global Campaign Sometimes, you just need a fresh angle to hit a home run, and that's what Thunder Baseball is counting on. The Cleveland-based 501(c)(3) youth baseball organization is ditching the old fundraising playbook. No more cookie-cutter raffles or bake sales. Instead, they’re launching a campaign that taps into the universal joy of...

Continue Reading
Canton Fair 2026: Tech and Tradition Transform Jewelry

Updated Category News Views 109

Tech-Savvy Elegance at Canton Fair Dive into the glitz and glamour of the jewelry zone at the 140th Canton Fair, where technology and craftsmanship are forging a new narrative for luxury accessories. This isn’t just your grandmother’s jewelry box we're talking about anymore. We’re witnessing the dawn of precious metal smart rings and dual-band smart watches that...

Continue Reading
Pizza & Hope: Little Caesars Serves WV Communities

Updated Category News Views 125

Rolling Out Dough and Kindness in West Virginia In a world that's more uncertain than a penny stock, here comes a story that'll warm even the coldest heart: Little Caesars is sending their Love Kitchen into West Virginia, aiming to serve piping hot pizza to about 8,000 folks in need. Fueled by the efforts of local franchisee Vicki Dunn-Marshall and her team, they're...

Continue Reading
CEO Transition at Hahn & Hahn Brings New Leadership Era

Updated Category News Views 76

Leadership Change at Hahn & Hahn LLP I'll tell you what: When a legal powerhouse like Hahn & Hahn LLP decides to mix things up at the top, folks have got to pay attention. Jumping ship is Christianne Kerns, stepping down from her dual role as CEO and Managing Partner, while Rita Diaz gears up to fill those shoes come January 1, 2027. This ain't just some casual...

Continue Reading
Golden Bear Faces Wage Violation Class Action Case

Updated Category News Views 69

Legal Battle Brewing in Merced Well, folks, looks like Golden Bear Physical Therapy Sports Injury Center, Inc. is in for a bumpy ride. The company is facing a whopper of a class action lawsuit, filed by the folks over at Blumenthal Nordrehaug Bhowmik De Blouw LLP, alleging violations of the California Labor Code. This legal skirmish is unfolding right there in the Merced...

Continue Reading

Top 5 Most Recently Viewed Articles

Gloo Holdings Background, Strategies, and Financial Performance

Updated Category News Views 217

Gloo Holdings, Inc.: Financial Performance Overview Gloo Holdings, Inc. (NASDAQ: GLOO), known for its innovative technology platform catering to the faith and flourishing ecosystem, has recently showcased a strong financial performance marked by significant revenue growth. Third Quarter Highlights In the most recent quarter, Gloo reported total revenue of $32.6 million, a...

Continue Reading
Adam McClure Wins Top Honor in Workers' Comp Law

Updated Category News Views 10

Ah, out in the legal trenches, we hear a tale of a lawyer who's stepped up to the plate and knocked it clear out of the park. Adam McClure, known in the Denver legal streets for his work with the Frickey Law Firm, just snagged the Best Lawyers® 'Lawyer of the Year' title for Workers’ Compensation Law – Claimants. That's for the Denver metro area, folks. It's no...

Continue Reading
ANI Pharmaceuticals' Key Presentation at Major Healthcare Event

Updated Category News Views 457

ANI Pharmaceuticals Announces Significant Conference Participation ANI Pharmaceuticals, Inc. (Nasdaq: ANIP) is gearing up to make a substantial impact at a prominent industry event. The Company will be represented by Nikhil Lalwani, its President and Chief Executive Officer, along with Stephen Carey, the Chief Financial Officer, and Dr. Mary Pao, the Chief Medical...

Continue Reading
FHLBank Indianapolis Grants $34.1 Million for Affordable Housing

Updated Category News Views 225

FHLBank Indianapolis Makes Significant Affordable Housing Grants The Federal Home Loan Bank of Indianapolis, hereafter referred to as FHLBank Indianapolis, has taken a significant step forward in supporting community development. They recently announced a generous funding program of $34.1 million through their Affordable Housing Program (AHP). This strategic funding is...

Continue Reading
Sustainable Solutions Driving Cement Co-Processing Fuels Market Growth

Updated Category News Views 85

Significant Growth in the Cement Kiln Co-Processing Fuels Market The global market for cement kiln co-processing fuels is witnessing substantial expansion, expected to grow from USD 3,917.9 million in the near term to USD 6,747.2 million in the following decade. This growth trajectory reflects a Compound Annual Growth Rate (CAGR) of 5.6%, highlighting the increasing...

Continue Reading