The left turn

 
At the end of the Cold War, Latin American countries have experienced a big change in their governments with the emergence of the new and redefined « Left ». This idea to separate themselves from the U.S. in order to reduce social and economic inequalities has witnessed a huge support but end up failing in their bids to make their countries better. This anti-U.S. ideology has not proven to be effective in some of these Latin American countries. For instance Venezuela under Hugo Chavez took an extremely radical stance against the United States believing that the us is an obstacle to the Country development introduced social programs by using oil revenues to pay for this programs. These stands were successful in the short run. However, these social programs created to counter poverty turned out to lead the country into debt until today. As a result many Venezuelans are struggling to buy basic with inflation being extremely highly. Brazil is another example. Large government spending on social programs is causing the country’s GDP to fall. This was one of the main reasons why Dilma Rousseff was impeached. Another example to look at is Bolivia. By privatizing companies and creating extreme social welfare programs, the Bolivian government quickly ran out of cash and is suffering from a high level of corruption. We are also beginning to see Brazil struggle due to its former president Rousseff’s excessive government spending. Although the concept and ideology of the left is not entirely bad, it is not helping these countries’ economy quiet yet but rather is opening doors to new ones.