IBOV 206,646.34 ▼ 0.13% IPSA 11,139.52 ▲ 0.13% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,897,435 ▲ 0.97% COLCAP 2,596.95 ▲ 0.55% BVL PERÚ 60,220.93 ▲ 0.51% USD/BRL4.98▼ 0.30% USD/MXN17.96▼ 0.65% USD/CLP972.75▲ 0.02% USD/COP3,232▲ 1.21% USD/PEN3.44▼ 0.29% USD/ARS1,520— 0.00% USD/UYU40.09▲ 2.87% USD/PYG5,835▲ 3.25% USD/BOB11.90▲ 2.31% USD/DOP60.10▲ 4.07% USD/CRC454.50▲ 2.57% USD/GTQ7.64▲ 3.36% USD/HNL26.86▲ 3.49% USD/NIO36.62▲ 2.96% USD/VES870.21▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.68▲ 1.99% EUR/BRL5.60▼ 4.57% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,646.34 ▼ 0.13% IPSA 11,139.52 ▲ 0.13% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,897,435 ▲ 0.97% COLCAP 2,596.95 ▲ 0.55% BVL PERÚ 60,220.93 ▲ 0.51% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Opinion: progressive politics on thin ice – LatAm’s tightrope walk between welfare and right-wing wind

By · August 16, 2023 · 2 min read

(Opinion) In recent times, several Latin American nations with progressive governments—such as Brazil, Chile, Argentina, Colombia, and Mexico—have faced everything from political opposition to economic downturns.

While these governments predominantly champion social welfare and the support of the underprivileged, they still grapple with significant unresolved challenges.

It’s worth noting, as many experts have, that progressive administrations often find themselves encountering hurdles.

For instance, Chile’s Gabriel Boric began with a resolutely progressive stance, only to gradually transition to a more centrist viewpoint, potentially due to political bargaining.

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Likewise, Brazil’s Luiz Inacio Lula da Silva commenced his second term with vigor, but later sought collaboration with factions previously aligned with former president Jair Bolsonaro.

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Such struggles, experts argue, often complicate these governments’ attempts to execute their policies.

In Mexico, the Broad Front for Mexico, a coalition of diverse parties, stands in contention with the dominant National Regeneration Movement (Morena).

As opposition groups realign, certain legislative or judiciary figures have gained influence in areas typically beyond their reach.

This rise of some nations towards conservatism is often attributed to pervasive issues, notably corruption.

A notable voice opined that the drift toward the right emerges from a perceived erosion in political ideals, which subsequently paved the way for extremist leaders like Bolsonaro and Trump.

These experts also highlight the correlation between political changes and economic upheavals.

They postulate that voters might veer towards more radical or polarized stances amidst economic uncertainties and escalating disparities.

A case in point is Argentina’s recent primaries, where Javier Milei of the “La Libertad Avanza” party clinched 30% of the votes.

This development drew varied reactions.

Mexico’s president, Andrés Manuel López Obrador, linked Argentina’s economic woes to Mauricio Macri’s policies and the significant debt accumulated with the International Monetary Fund.

On the flip side, Brazil’s ex-president Bolsonaro applauded Milei’s triumph.

Milei, an emerging figure, promotes conservative ideals while presenting economic strategies aimed at drawing investments into Argentina.

In summation, the course of Latin America’s progressive or populist regimes towards a conservative bent is likely to hinge on their pre-election performances.

Some hypothesize that the economic resilience of nations such as Mexico and Brazil could prevent them from veering rightward politically.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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