Since Chile’s leftist President Gabriel Boric took office, hopes that he will usher in sweeping change have evaporated rapidly. The latest disappointment came earlier this month, when the committee charged with replacing Chile’s outdated dictatorship-era constitution approved a draft that would make the country more conservative.
The Americas
Last week’s news of a deal between the government of Venezuelan President Nicolas Maduro, the country’s political opposition and—unofficially—the United States guaranteeing a competitive election in 2024 was a temporary win for nearly everyone involved. But we won’t know who the long-term winners are for many months to come.
Flaws in last year’s groundbreaking Inflation Reduction Act, designed to speed the U.S. energy transition, could end up slowing the adoption of electric vehicles. The IRA’s tax incentives for EVs exclude major potential suppliers of critical minerals, including Argentina, where the lithium sector is growing explosively.