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Latin America: Rightwing Interlude and the Death Rattle of Neoliberalism

James Petras :: 05.09.18

Introduction: Business writers, neo-liberal economists and politicians in North America and the EU heralded Latin America’s embrace of a ‘new wave of free markets and free elections’. Beginning in 2015 they predicted a new era of growth, stability and good government free of corruption and run by technocratic policy-makers.

By early 2018 the entire neo-liberal edifice was crumbling, the promises and predictions of a neoliberal success story were forgotten. The ‘naysayers’ were in ascendancy.

This paper will discuss the recent rise of a so-called ‘neo-liberal wave’ or right turn and the regimes directing it.

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