Home
/
RELIGION & LIBERTY ONLINE
/
Chafuen on Latin America’s problem
Chafuen on Latin America’s problem
Jan 15, 2026 5:45 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
Interview: Rev. Sirico on ‘A Moral Case for a Free Economy’
Ann Schneible, who interviewed Rev. Robert A. Sirico for Vatican Radio today (see PowerBlog post for audio) also published an interview with the Acton Institute president and co-founder on the Catholic news site, Zenit. Excerpt: ZENIT: In response to those Christians and Catholics who are hesitant about buying into the idea of a free market economy, how can one demonstrate that there are elements to a free market – or Capitalist – economy which patible to Catholic social teaching? Father...
Raising Taxes without a Balanced Budget is Insane
It makes little, or really no sense for Americans to fork over more taxes without a balanced federal budget and seeing some fiscal responsibility out of Washington. The fact that the United States Senate hasn’t passed a budget in well over three years doesn’t mean we aren’t spending money, we are spending more than ever. The last time the Senate passed a budget resolution was April of 2009. We are constantly bombarded with rhetoric that “taxing the rich” at an...
Commentary: Living in the Shadow of the Fiscal Cliff
Jordan Ballor looks at the bipartisan lack of discipline in Washington on debt and spending, and the effect on future generations. “Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term,” he writes. “If we continue the current course of American politics, the fiscal cliff will end up being nothing more than a bump in the road...
Africans Join Together to Aid Frozen Norwegians
Africans unite to save Norwegians from dying of frostbite. By joining Radi-Aid, you too can donate your radiator and spread some warmth in the frozen wasteland of Norway. Why Africa for Norway? Imagine if every person in Africa saw the “Africa for Norway” video and this was the only information they ever got about Norway. What would they think about Norway? If we say Africa, what do you think about? Hunger, poverty, crime or AIDS? No wonder, because in fundraising...
Calvin Coolidge, Excessive Taxation, and the Moral Economy
Below is an excerpt from a 1925 Washington Post editorial on President Calvin Coolidge’s Inaugural Address. ments speak directly to the moral arguments Coolidge was making for a free economy. It is the kind of moral thinking about markets and taxes we desperately need today from our national leaders. The es from an excellent book, The High Tide of American Conservatism: Davis, Coolidge, and the 1924 Election by Garland S. Tucker, III. Few persons, probably, have considered economy and taxation...
Textbook Bubble-Boys
According to AEI author Mark Perry, there is another education-related “bubble” to worry about: the textbook bubble. He writes that this textbook bubble “continues to inflate at rates that make the U.S. housing bubble seem relatively inconsequential parison.” He continues, “The cost of college textbooks has been rising at almost twice the rate of general CPI inflation for at least the last thirty years.” Given that many students use loan money to purchase books as well as pay for classes,...
Audio: Rev. Sirico on the ‘moral dimension of economic activity’
On Vatican Radio, Acton President and co-founder Rev. Robert A. Sirico discusses his new book Defending the Free Market: The Moral Case for the Free Market Economy with reporter Ann Schneible. According to Vatican Radio, the broadcasting station of the Holy See: … Fr Sirico highlighted his objectives in writing this book. Defending the Free Market, he said, was written “with the intention of making accessible economic ideas that I thought were important in general terms; but, in particular, especially...
Spartan Austerity and the Fiscal Cliff
Is spartan austerity driving us over the fiscal cliff?The latest step in the budget dance between House Republicans and the White House has to do with where tax increases (or revenue increases in general, depending on what is called what) fit with a deal to avoid the so-called “fiscal cliff.” As Napp Nazworth reports, President Obama has apparently delivered an ultimatum: “there would be no agreement to avert the ‘fiscal cliff’ unless tax rates are increased on those making more...
Rachel Carson’s Environmental Religion
Review of Silent Spring at 50: The False Crises of Rachel Carson. Edited by Roger Meiners, Pierre Desrochers, and Andrew Morriss (Cato, 2012) During the 50 years following the publication of Rachel Carson’s Silent Spring, much has been written to discredit the science of her landmark book. Little, however, has been written on the environmentalist cult it helped spawn. Until Silent Spring at 50, that is. Subtitled “The False Crises of Rachel Carson,” Silent Spring at 50 is a collection...
How Powerball Preys on the Poor
When es to government programs for redistributing e, nothing is quite as malevolently effective as state lotteries. Every year state lotteries redistribute the e of mostly poor Americans (who spend between 4-9% of their e on lottery tickets) to a handful of other citizens—and tothe state’s coffers. A prime example is yesterday’s Powerball jackpot. Two people becameinstant multimillionairesfrom a voluntary transfer of wealth from their fellow citizens. The money came from the563 million tickets that were sold, as the old...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved