I remember when the Frente Amplio was elected in Uruguay, everyone I talked to about the turn leftwards was very clear: They are taking inspiration from the Michelle Bachelet school of new Latin American socialism, not that unhinged Chavez/Kirchner stuff. Even down there, where socialism isn't a bad word, and everyone is suspicious of the Americans, nobody wanted to be associated with that disaster. And that was 6 years ago, before things got really bad.
This disaster is straight out of Dornbusch and Edwards, a perfect replica of the 1970s, right down to blaming the CIA for the fact that there isn't any toilet paper in the stores. The CIA is good at counterinsurgency and occasionally has someone killed, but blowing up an entire macroeconomy requires help on the inside.
-Jester
This disaster is straight out of Dornbusch and Edwards, a perfect replica of the 1970s, right down to blaming the CIA for the fact that there isn't any toilet paper in the stores. The CIA is good at counterinsurgency and occasionally has someone killed, but blowing up an entire macroeconomy requires help on the inside.
-Jester