The Politics of Frustration in Latin America
The rapidly escalating protests across the region reflect people's dashed economic expectations, and thus differ from the demonstrations in Beirut and Hong Kong against undemocratic regimes. The risk, of course, is that Latin American governments resort to Chinese-style tactics and turn economic malaise into a struggle over the future of democracy.
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PRINCETON – All over Latin America, public patience is wearing thin, with violence in Chile and the return to power of Peronists in Argentina. For almost 40 years, leaders and voters have struggled to realign economies with global markets, leavening the adjustment with social policies to protect the worst-off. Center-right and center-left coalitions agreed on broad strokes. While they argued over taxes and other issues, Latin Americans accepted the need for foreign markets and foreign investment.