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A serious discussion of the perspectives for socialism in Latin America today requires several levels of analysis, moving from world economic conditions, to US-Latin American relations, to their specific impact on Latin America.
The analysis must focus on how the economic recession/depression impacts on the changing political-economic systems and the class structures. Finally, within this framework, it becomes necessary to examine the development of the class struggle and anti-imperialist movement in specific countries and under different regimes.
While there are broad similarities to previous recessions and economic cycles, there are many good reasons to think that what matters most in the present world conjuncture is the specific world historical conditions, which mark the present economic recession as very distinctive or unique.