...easy to get lost in the weeds of Brazil's, Venezuela's, or other Latin countries' internal political strife. But there's a broad, unmistakable trend out there: The region's socialist rule is collapsing as the cash runs out.
That's quite a change, given that in 2011, President Obama made Brazil the first stop on his first trip to Latin America, posing for glamorous pictures and hailing the country and its president, Dilma Rousseff, as the wave of the future.
He came with Export-Import bank credits and...
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Latin American governments these days are going down like dominoes.
In Argentina's election last month, pro-free-market politician Mauricio Macri unexpectedly took the presidency from the long-ruling socialist Peronists. He is the brightest star in this collection of fireworks.
Macri's given Latin America's battered democratic and free-market movements †including even Cuba's †courage to push forward by showing that even against the worst odds, it can be done.
Guatemala is another sizzling light. Its corrupt President...
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Even in Colombia...
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Don't think the remaining socialist governments aren't taking notice.
Nicaragua and Ecuador last week took steps to shut their borders to unchecked waves of Cuban migrants, betraying their socialist mentor Cuba because the migrants are potentially destabilizing.
Ecuador is being shaken by huge waves of protests now...
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Venezuela's socialist leaders have turned the economy there into a disaster area, a horror show of shortages, decay, crime, inflation and corruption...
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...the public finally gets what socialism is all about †state control. Showing common sense, and before it's too late, they are kicking it out.
What Maggie Thatcher once said is true of Latin America today: "The problem with socialism is that you eventually run out of other people's money."
It's an idea that can only spread.
(Excerpt) Read more at news.investors.com ...
