Home
/
RELIGION & LIBERTY ONLINE
/
Chafuen on Latin America’s problem
Chafuen on Latin America’s problem
Jan 14, 2026 10:53 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
Trump: ‘They have to work, too’
Today at The Stream I provide some analysis of Donald Trump’s speech earlier this week at the Detroit Economic Club. As I conclude, “The trouble for Trump’s promised future lies in the impossibility of reclaiming a bygone era.” In Trump’s campaign there is a mix of both nostalgia and optimism, which bookend serious critiques of America’s more recent past and the legacy of his political opponents in particular. This approach is appealing to an important, and often overlooked segment of...
How flipping hamburgers glorifies God
When we think of the intersection of work and calling, many of us think immediately of our long-term career aspirations. Despite most of usbeginning our careers in some sort of menial labor, these are not the types of services or stations our culture deems significant or inspired. Yet for the Christian, economic transformation begins where creator and producer meets neighbor, no matter the product or service. Our fundamental calling is to love our neighbor, and that begins the moment we...
Against nationalism and globalism: Why Christians must remain ‘Kingdom first’
Throughout ourdebates over foreign policy, trade policy, immigration policy, andotherwise, the 2016 election has seen increasing concentrations and divides between nationalism and globalism, each blind in its own way. Those who promote a (supposedly) “America first” agenda, ignore the impacts to our neighbors across the globe, each created in the image of God and deserving of the same rights and freedoms we enjoy. Meanwhile, the globalists ignore the benefitsof munity and nationalsovereignty, promoting inclusion to the detriment of distinction. This...
Explainer: What you should know about the Libertarian Party platform
Note: This is the secondin a series examining the positions of several minorparty and independent presidential candidates onissues covered by the Acton Institute. A previous series covered the Democratic Party platform (see here and here) and the Republican Party Platform (see here and here). Although minor parties —often called “third parties” to distinguish them from the dominant two — have always been a part of American politics, the dissatisfaction with the Republican and Democratic parties in the current election season...
Radio Free Acton: Kevin Schmiesing on the indivisibility of religious and economic freedom
Radio Free Acton is back for a conversation with Acton Institute Research Fellow Kevin Schmiesing, who served as the editor for Acton’s newest publication,One and Indivisible: The Relationship Between Religious and Economic Freedom. It’s hard to ignore the fact that in recent years, there has been a significant erosion of support for and understanding of religious liberty in western nations. More and more people think of religious liberty only as the right to worship as you please, but not the...
Religion & Liberty: Servant leadership in a Louisiana kitchen
Popeyes CEO Cheryl Bachelder Questions about what makes a good or a bad leader dominate many conversations as we approach the 2016 presidential election. Real leadership happens all around us, not just in the Oval Office. As we pulled together the various pieces for this Summer 2016 issue of Religion & Liberty, the informal theme of leadership seemed to connect all the content. For the interview, I was able to sit down with the CEO of Popeyes Louisiana Kitchen, Cheryl...
‘I learned more at McDonald’s than at college’
Unlike some colleges, McDonald’s does not have “safe spaces” or “trigger warnings.” Instead, they have a requirement that employees put the concerns of the customers ahead of their own. Olivia Legaspi, an undergraduate at Haverford College and former McDonald’s employee, says that expectation helped her learn an important lesson about work and life: serving es first. ...
Technology seen, and unseen
Although not everyone see its, technological progress has meant progress in human flourishing, notes Dylan Pahman in this week’s Acton Commentary. To answer the Luddites, first of all we must acknowledge that there is truth to what is seen. People see workers losing their jobs due to technology. When that happens (and it does), Christians and other people of good will should not be indifferent. However, not all people plain about the loss of manufacturing jobs see even this. The...
The family economics of Jennifer Roback Morse
If you’ve attended Acton University in the past few years you’ve probably had the good fortuneto take the required foundational class “Economic Way of Thinking” from Dr. Jennifer Roback Morse. Morse became a leading economist of the family a few decades ago after discovering an assumption made by Adam Smith: The economy depends on the intact family raising children. Morse brought mon sense observation into direct contact with economic analysis in her seminal work Love and Economics, first published in...
How the Shadow Banking System Fueled the Great Recession
Almost a decade has passed since the start of the Great Recession of 2008 and yet many of us are still confused about what caused the financial crisis. We know financial intermediaries like Lehman Brothers played a part, though we’re often unclear on the details. In this video, economist Tyler Cowen explains the role of the “shadow banking” system and how the incentives led to them to take on too much risk and leverage. ...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved