Home
/
RELIGION & LIBERTY ONLINE
/
Chafuen on Latin America’s problem
Chafuen on Latin America’s problem
Jan 26, 2026 5:43 AM

What, exactly, was the point of the recent Summit of the Americas in Argentina? President Bush’s participation there seemed to plish little more than to excite street mobs and vandals. And then there was Venezuelan President Hugo Chavez, doing his best Fidel impersonation as he led opposition to a U.S.-backed free trade agreement. Alejandro Chafuen, president of the Atlas Economic Research Foundation, uses the occasion of the summit to succinctly catalog the ills that plague Latin America. “With few exceptions,” Chafuen writes in the Washington Times, “Latin Americans have reverted to feel-good nationalistic populism, while rejecting free-market growth strategies: They can feel good while doing poorly.”

The heart of the problem is weak protection of property rights and, in some places, an plete disregard for the rule of law. The results are incredibly destructive. As Chafuen puts it:

Despite Latin American economic growth rates averaging more than 5 percent in 2004 and similar growth anticipated this year, “capital flows” are negative, meaning more money leaves than enters the region. This is not due to foreign debt but a continued lack of confidence among long-term investors. Not surprisingly, as Latin America expert Andres Oppenheimer has noted, “only 1 percent of the world’s investment in research and development currently goes to Latin America.”

This “feel-good, nationalistic populism” is also winning converts in the United States. Democrat Congressman William Delahunt of Massachusetts has acted as a go-between to bring discounted heating oil from Venezuela to his constituents, thereby giving Chavez an opportunity to tweak the Bush administration. Another deal is in the works through a congressman in the Bronx. Delahunt describes Chavez’s move as a “humanitarian gesture” and evinces little concern that he may be working at cross purposes with the State Department’s policy toward Venezuela. Delahunt said he works for his constituents, not Condoleezza Rice.

In a piece in the Providence Journal, Colombian journalist and Harvard fellow Maria Cristina Caballero, cheers the rise of Chavez.

Chavez, the socialist strongman, has emerged as a more ferocious — and popular — opponent to Bush than apparently any American Democrat. While Bush pushes policies to import oil and export democracy, Chavez exports subsidized oil to his friends, which include Cuba and China as well as the poor people of Massachusetts and the Bronx, and — he says — spreads the wealth.

Fortunately for Chavez’s friends in Massachusetts and the Bronx, they are not living under the “strongman’s” rule of law. They would find that his discounted heating oil and free medical clinics staffed by Cuban es at a very high price.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
5 facts about the UK Supreme Court’s Brexit decision
This morning, the UK Supreme Court ruled that Brexit may not go forward unless Parliament votes to authorize withdrawal from the European Union, despite the fact that the motion won a national referendum last year. Here are five facts you need to know about British citizens’ attempt to reassert their sovereignty by leaving the Brussels-based international government body. 1. Brexit passed handily and remains popular in England. Parliament voted in June and December 2015 to allow for a national referendum...
Video: Rev. Sirico on religion and the inauguration of President Trump
Acton Institute President Rev. Robert A. Sirico joined host Neal Cavuto this morning on Fox News Channel’sCost of Freedom to mentary on the national prayer service held today at the Washington National Cathedral as part of the activities surrounding the inauguration of President Donald Trump, and to examine the role the civil religion has played throughout American history. You can view the interview below. ...
How to pray for President Trump
At noon today, Donald J. Trump was sworn in as the 45th President of the United States. Whether you supported or opposed him, as Christians we have a specific duty to our new president: to pray for him. The Apostle Paul urges us to make “petitions, prayers, intercession and thanksgiving” for “for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness” (1 Timothy 2:1). When we fail to pray for...
How information and incentives solve economic problems
Note: This is post #18 in a weekly video series on basic microeconomics. To solve economic problems we need to solve information and incentive problems. In this video, Alex Tabarrok looks at how Nobel Prize-winner Friedrich Hayek described the price system and its approach to solving the information problem. In this video, we take a look at how Nobel Prize-winner Friedrich Hayek described the price system and its approach to solving the information problem. (If you find the pace of...
Turkey imprisons American pastor for ‘terrorism’
A pastor and North Carolina native is being held in Turkey on unsubstantiated charges of terrorism related activity. After more than 20 years of serving as an evangelical missionary in Turkey, Andrew Brunson, 48, thought he was being summoned to receive a long-awaited permanent residence card. Instead, Brunson was notified that he was being deported based on being a “threat to national security.” He was held for 63 days while being denied access to an attorney—and even denied access to...
Explainer: What you should know about the Trans-Pacific Partnership (TPP)
Earlier today, President Trump took action to formally abandon the Trans-Pacific Partnership. Here is what you should know about the agreement and why it matters. What is the Trans-Pacific Partnership? Five years in the making, the Trans-Pacific Partnership (TPP) was a trade agreement between the United States, Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore, and New Zealand. The twelve countries in the proposed prise roughly 40 percent of global G.D.P. and one-third of world trade. The purpose...
Samuel Gregg on Tocqueville and democracy’s fall in America
Image from Wikimedia ‘Democracy in America’ by Alexis de Tocqueville is a 19th century book that serves as a guide to explain how the American political system has evolved into its current state. In this book, Tocqueville describes what he noticed about American democracy when he traveled through the country in 1831. Acton Institute Director of Research, Samuel Gregg gives insight in a new article at Public Discourseof what Tocqueville noticed about American democracy and how it might be susceptible...
Video: Avik Roy on the end of cultural conservatism as we know it
BillBuckley and Russell Kirk were leaders in buildinga movement of cultural conservatism to counter the dominant strain of liberalism that governed American politics following World War II. Thismovement would eventually lead to the presidency of Ronald Reagan and the end of the Cold War, as well as the riseof Republican congressional leadership in the 1990s and following. But with the fall munism and a changing American society, cultural conservatism finds itself at a crossroads. Avik Roy, president ofThe Foundation for...
Audio & Video: Sirico & Bonicelli on the Trump Administration
As the Trump Administration begins its work this week, the media continues to call on the Acton Institute for analysis mentary, both in the US and abroad. Internationally, Acton Director of Programs and Education Paul Bonicelli joined hostAlex Jensen ontbs eFM 101.3’s “This Morning” program in Seoul, South Koreaon January 22ndto discuss the economic challenges facing the ing administration, and the likelihood of potential trade conflicts between the United States and other nations down the road based on the protectionist...
Explainer: What you should know about ‘school choice’
In honor of the seventh annual National School Choice Week, here are some facts you should know about school choice in America. What does “school choice” mean? The term “school choice” refers to programs that give parents the power and opportunity to choose the schools their children attend, whether public, private, parochial, or homeschool. Why is school choice necessary? While there are some excellent public schools in America, many students are trapped in schools with inadequate facilities, substandard curriculum, and...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved