Venezuela’s Humble Pie

When it comes to humble pie, there’s enough to go around for everyone these days. This time it’s Venezuela’s turn. Notice how, with Venezuelan largesse drying up, Brazil and Argentina look east to China, but the smaller, more vulnerable countries still look north to Washington. The devil you know beats one you don’t? The big winner here is Brazil, though, which once again demonstrates the superiority of the Latin American progressive left, as opposed to Venezuelan President Hugo Chavez’s inflammatory brand of populist left. Notice that Brazilian President Lula da Silva definitively ruled out a third term, meaning that Brazil’s […]

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