Home
/
RELIGION & LIBERTY ONLINE
/
Chafuen on Latin America’s problem
Chafuen on Latin America’s problem
Dec 4, 2025 9:35 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
The Jewish roots of freedom
Morning Panel at “Judaism, Christianity, & the West.” On September 9, leading scholars of the world came together to discuss the ways in which Judaism and Christianity have contributed to building the foundations of liberty. “Judaism, Christianity, and the West: Building and preserving the institutions of freedom” was the fourth conference in the “One and indivisible? The relationship between religious and economic freedom” conference series. Sponsored by the Acton Institute and the Jerusalem Institute for Market Studies, this day-long event...
The Bright Side of Sharia Law
Why aren’t church leaders who are so quick to condemn capitalism, asks Rev. Jerry J. Pokorsky in this week’s Acton Commentary, decrying Big Government bureaucracy? The warnings of recent papal teachings on questions of social justice rarely – if ever – identify the dangers of a highly bureaucratized central government. Apparently most of the sinful and corrosive “love for es from private sector capitalists, not government public sector agencies. Certainly corporate capitalistic greed can and does have serious economic consequences....
Admiring Pope Francis Doesn’t Prohibit Disagreement
Anyone not touched by Pope Francis’ appearance on ABC television earlier this month may want to have their pulse checked for signs of a heart. Quite frankly, he knocked it out of the park in this writer’s humble opinion. Whether speaking to the plight of immigrant children, obviously enjoying a young girl’s vocal rendition of a hymn, or offering encouragement to a single mother of two, Francis was in his element. As I marveled at the Pope on primetime, national...
Let’s Listen for ‘Cry of the Poor’ before the ‘Cry of the Earth’
When governments have followed the sort of environmental and free-market admonitions Pope Francis gave us in Laudato Si, negative results often follow. This struck your writer this past week as he read a piece reporting the unforeseen consequences of one specific wrongheaded environmental effort. In his encyclical, Pope Francis writes: Today, however, we have to realize that a true ecological approach always es a social approach; it must integrate questions of justice in debates on the environment, so as to...
Entrepreneurship and Interdisciplinary Scholarship
Israel M. Kirzner While reading economist (and rabbi) Israel M. Kirzner’s Competition & Entrepreneurship (1973), it occurred to me that his description of what the “pure entrepreneur” does could also be applied to what a good interdisciplinary scholar, such as someone who studies faith and economics, does (or at least aspires to do). In our world of imperfect knowledge, Kirzner writes, there are likely to exist, at any given time, a multitude of opportunities that have not yet been taken...
Politics, the Pope, and the Public Square
I have some brief thoughts up at Think Christian today about Pope Francis’ ing visit to the United States. Instead of worrying about policy proposals that many are hoping Francis will address directly, or will at least provide an excuse for them to bring up, I focus onthe power ofthe image of the Roman pontiff ascending the steps of Capitol Hill. “When the pope speaks in Congress, religion has undeniably entered the public square,” I write. Now I have had...
Why the Poor Should Be Able to Scalp Their Tickets to See Pope Francis
Last week, 80,000 residents of New York got a free gift: a ticket to see Pope Francis’s procession through Central Park on September 25. Not surprisingly, soon after the tickets started showing up for sale on websites like eBay and Craigslist for hundreds and even thousands of dollars. Also not a surprise is the disgusted reaction some people had to news abouttheticket scalping: “Tickets for events with Pope Francis are distributed free for a reason — to enable as many...
5 Facts About the U.S. Constitution
Constitution Day is celebrated in America every year on September 17, the anniversary of the day the framers signed the document. Here are five facts you should know about the U.S. Constitution. 1. The Constitution contains 4,543 words, including the signatures and has four sheets, 28-3/4 inches by 23-5/8 inches each. It contains 7,591 words including the 27 amendments. It is the oldest and shortest written Constitution of any major government in the world. 2. Thomas Jefferson did not sign...
The Bishop’s Candlesticks: Immigration, Refugees, and Justice
The media is buzzing with chatter about immigration and the heartbreakingrefugee crisis in the Middle East. Yet even as we learn more about the types of suffering and oppression that these people are fleeing, the temptation to look inward remains. All of these cases involve a range plex considerations, to be sure. But in a nation as big and as prosperous as ours, we shouldfind it easier than most toerr on the side of ing the stranger. Further, as citizens...
The New Socialists and the Social Ownership of Money
After getting home from work you get a statement in the mail from the local government saying you owe $20,000 for college tuition. You’re surprised to receive the billsince (a) you never went to college yourself and (b) your own children are still in preschool. Upon reading the fine print you discover the expected payment is not to cover any costs you’ve incurred but to pay for the tuition of college students in your neighborhood. Outraged, you turn to your...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved