Latin America is Dumping Failed Leftist Leaders

The impeachment of left-wing Brazilian president Dilma Rousseff on corruption charges marks another step in the sinking fortunes of socialist/communist leaders in South America. Rousseff’s fall should be welcomed. She is a former communist guerilla and so you would expect corruption, incompetence and economic failure under her rule.

Over the last 20 years leftists made major inroads in South American nations after decades of right-wing military rule. But the left never has made good on its promises, as expected. In all 15 of these nations leftist policies have made the countries worse off.

Venezuela, which was a relatively prosperous nation with some of the world’s largest oil reserves, has spiraled down into poverty and violence under 18 years of hard-left rule, along with several stolen elections. In energy-rich Venezuela electricity and food now are frequently in short supply, and crime has skyrocketed. We conservatives predicted this.

It was reported that just one year after Venezuela’s thriving oil industry was nationalized that its oil infrastructure had fallen into sharp decay. This is what always happens when incompetent leftists take over anything, never mind technologically complex institutions like the oil industry.

Yahoo.com recently reported in an article called Latin America’s ‘Pink Tide’ Ebbs to New Low in Brazil (that ‘pink tide’ refers to left-wing communist-type leaders) that Rousseff’s removal from office is just another step in acknowledging the reality of leftist rule.

Here are excerpts from the Yahoo.com article, with a Nikitas3.com comment after each:

Yahoo.com reports: The pink tide — more moderate than the communist red of Fidel Castro and other Cold War-era revolutionaries — reached 15 countries in all, starting with the late Hugo Chavez’s election in Venezuela in 1998. Eight remain now that Brazil’s Senate has convicted Rousseff. Giant Brazil was a leader in the regional movement, providing two of its most emblematic presidents: Rousseff and her once hugely popular predecessor, Luiz Inacio Lula da Silva.

They brought (credibility) from the bad old days in Latin America. She was an urban guerrilla jailed and tortured by the military regime installed after Brazil’s 1964 coup. He was a rabble-rousing steelworker who helped lead the fight for democracy. But they also brought business-friendly economic policies to blend with revolutionary social programs. Lula took office in 2003 with a mission to turn Brazil into a middle-class powerhouse driven by consumer spending.

Nikitas3.com comment: So they brought “business friendly” policies. Good. Because they know that socialism is a failure. But these boom years of the early 2000s coincided with a strong global economy and so da Silva was lucky. But “revolutionary social programs” always are a red flag for debt, waste and corruption that negate any gains.

And now that Obama has ruined the US economy – often called the ‘economic engine of the world’ – these poorer nations will never recover until the US does. That is why we need Donald Trump as president, who has promised to impose Reagan-like reforms and make our economy strong again.

Yahoo.com reports: (da Silva) was lucky to arrive just in time for the emerging markets boom, when demand from a ravenous China fueled soaring prices for the region’s oil, minerals and other commodities. When he handed over to Rousseff after two terms, economic growth stood at 7.5 percent. More than 29 million Brazilians had escaped poverty. Across the region, 75 million Latin Americans exited poverty in a decade. …But it all came crashing down, not just for Rousseff but the entire region, which is facing its second year of recession this year. “Clearly the commodity dependency remains greater than some people thought,” (professor) LeoGrande said.

Nikitas3.com comment: This is why nations must develop their economies through free markets and individual initiative. They should have invested the wealth from the commodities boom to build a wider capitalist economic infrastructure. But socialists never do this since this type of capitalism empowers their political adversaries. Socialists just spend every penny in sight on themselves and on agendas to buy themselves political power and popularity, like “revolutionary social programs”. This causes a downward spiral.

Yahoo.com reports: Latin America’s left has been on the run since the business-friendly conservative Mauricio Macri won Argentina’s election last November. Other setbacks followed in Venezuela’s legislative polls and Peru’s presidential race. Now Venezuela is teetering on the brink of economic collapse, leaving (left-wing president) Nicolas Maduro, fighting for his political life. In Bolivia, (native Indian) labor leader (and president) Evo Morales lost a February referendum to allow himself a fourth term. In Ecuador, radical economist Rafael Correa flirted with a third term before dropping the idea as his approval ratings sank. Nikitas3.com comment: So there you go. Because once productive people personally experience how socialism really works they reject it.

Yahoo.com reports: Rousseff is charged with using unauthorized state loans to plug budget holes. Unofficially, she is taking the blame for Brazil’s worst recession in 80 years and a multi-billion-dollar corruption scandal at the state oil company Petrobras. (da Silva), still seen as potential comeback material in 2018, faces corruption charges in the scandal and risks watching the election from jail. Nikitas3.com comment: These are typical leftists. They are like Democrat politicians in American cities – corrupt every day, and out for themselves and their cronies. They can cover up their treachery temporarily, particularly with temporary economic prosperity, but not forever. And under a new generation of conservative leaders these nations will rebound.

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