The zika virus spreading to various countries & and other news from Latin America…………. https://t.co/nR8lJPyx9e
— Silvio Canto, Jr. (@SCantojr) February 3, 2016
We just had two important elections in Latin America.
In Venezuela, the center-right opposition took over the legislature. They plan to challenge, and perhaps, reverse President Nicolas Maduro’s populism. To be fair, there was more to that election than ideology. In other words, corruption, crime, chaos and simple bureaucratic arrogance were behind the anger in Venezuela.
Two weeks ago, the people of Argentina made a peaceful turn to the right. Yesterday, Venezuela made a sharp turn away from “Chavizmo”.
Socialism has not been good for Latin America. It has created bloated governments, corrupt public sector unions and high taxes. The net result is an underachieving economy.
Like Cuba, socialism in Venezuela was also anti-democratic. It put the opposition in jail, closed media and intimidated voters.
Congratulations to our friends in Venezuela. They put a fatal dagger in “Chavizmo”.
Argentina made an important right turn on Sunday. Mauricio Macri, the opposition candidate, won Sunday’s election. He is not perfect but offers a more realistic option than the misguided populist policies of the incumbent party.
At the same time, “argentinos” longing for change will have to be patient because Mr. Macri is inheriting a mess of huge proportions, as we read in Bloomberg: