Home
/
RELIGION & LIBERTY ONLINE
/
Chafuen on Latin America’s problem
Chafuen on Latin America’s problem
Dec 19, 2025 5:08 PM

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
Why Robert Sirico Moved to the Right—and Jane Fonda Didn’t
RealClearReligion’s Nicholas G. Hahn III recently talked to Acton President Fr. Robert Sirico about Obama, Marx, and Jane Fonda: RCR: Why didn’t Jane Fonda and others in your generation follow you to the Right? Robert Sirico: There are a lot of them that are not Leftist anymore. I know a lot of people in my generation who were at those things and are much more conservative today — not quite philosophically, but certainly wouldn’t identify with the Left. Now, why...
Murray, Mariana, and Montaigne’s Fallacy
The folks over at the Comment magazine site have generously run an essay by me, “Business and the Development of Christian Social Thought.” This piece is a web-friendly version of my editorial from the current issue of the Journal of Markets & Morality, which highlights the call for papers for next spring’s issue on the theme “Integral Human Development.” If you have an interest in this theme as it appears particularly in the Roman Catholic social encyclical tradition, or analogous...
The Nanny State Wants You To Breastfeed
Mayor Mike Bloomberg is beginning to take his self-appointed role as Nanny-in-Chief of New York a bit too literally: Mayor Bloomberg is pushing hospitals to hide their baby formula behind locked doors so more new mothers will breast-feed. Starting Sept. 3, the city will keep tabs on the number of bottles that participating hospitals stock and use — the most restrictive pro-breast-milk program in the nation. Under the city Health Department’s voluntary Latch On NYC initiative, 27 of the city’s...
Chick-fil-A and Free Exchange
Former governor, pastor, and presidential candidate (and current radio host) Mike Huckabee has been a primary driving force in turning today, August 1, into an ad hoc appreciation day for the fast pany Chick-fil-A. Huckabee’s activism in support of the “Eat Mor Chikin” establishments was occasioned by criticism leveled against pany’s support for traditional “family values,” including promotion of traditional marriage. Chick-fil-A president Dan Cathy said, “We are very much supportive of the family — the biblical definition of the...
Samuel Gregg: The Profoundly anti-Keynesian Political Economy of Wilhelm Röpke
Acton Research Director Samuel Gregg is featured on the July 29 episode of Liberty Law Talk. The conversation, which focuses on the too-often forgotten free-market economics of Wilhelm Röpke, can be downloaded online at the Library of Law and Liberty website. Gregg has written extensively on Röpke in the past and the conversation meets expectations as enlightening and thought-provoking. Be sure to check it out. ...
Acton Commentary: Challenging Liberals on Economic Immobility
In today’s Acton Commentary (published August 1) Samuel Gregg writes that “one shouldn’t forget just how central the endless pursuit of ever-greater economic equality is to the modern Left’s very identity. In fact, without it, the modern Left would have little to its agenda other than the promotion of lifestyle libertarianism and other socially destructive ends.”The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publicationshere. Challenging Liberals on Economic Immobility bySamuel...
Education and Consumerism: Confessions of a Slacker
The lowering of education quality has been noted in the recent past on the PowerBlog (here and here). Last Saturday, Casey Harper noted at educationviews.org that even students plaining about the declining rigor of American education. Harper notes that, according to a recent survey, More than half of eighth-grade history and civics students say their work is “often or always too easy,” according to the report. Twelfth-grade students sang the same tune, with 56 and 55 percent, respectively, saying their...
Two Steps Forward for GR Public…. One Step Back for MI?
In yesterday’s Grand Rapids Press (and appearing at on Monday), Monica Scott reports on the tenure reform bill signed by Michigan Gov. Rick Snyder last year and set to take effect in the 2013-2014 school year: Last year, Gov. Rick Snyder signed a tenure reform bill pletely overhauled teacher performance evaluations, tying teachers’ grades to student achievement. But teachers and union leaders locally and across the state have said they think it’s unfair to be held accountable for the performance...
Understanding the Higher Ed Bubble
In addition to my post yesterday and other education related posts on the Powerblog (here, here, here, here, and here), I highly mend this analysis of the higher ed bubble from educationviews.org if anyone is interested in learning more. I would emphasize that this is not simply an economic problem but a moral one. We cannot in good conscience continue to promote higher education to our youth while its quality continues to diminish and its price continues to rise. To...
My Mind in God’s Hands
“The darkening of sin obstructs the acquisition not of the knowledge of the details but knowledge in its more exalted and nobler sense.” (Abraham Kuyper, Wisdom & Wonder Pg. 56) Each of us is detail-oriented in our own way. Some remember dates and numbers with amazing accuracy. Others remember relational information from conversations they had two weeks ago. Still others have a knack for remembering trivia of all sorts. But sadly much of our memory focuses on things that are...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved