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Latin America’s Twenty First Century Capitalism and the US Empire
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Political Power and the World Market :: The twin nemesis of Latin America’s quest for more equitable and dynamic development, US imperial and local oligarchic power have been subject to profound changes over the past decade.

New capitalist classes both at home and abroad have redefined Latin America’s relation to world markets, seized opportunities to stimulate growth and forged cross class coalitions linking overseas investors, agro-mineral exporters, national industrialists with a broad array of trade unions, and in some countries peasant and Indian social movements. Parallel to these changes in Latin America, a new militarist and financial political configuration engaged in prolonged wars, colonial occupations and widespread speculation has weakened the structural economic links – dominance – between US imperial economic interests and Latin America’s dynamic socio-economic classes.

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(Republished from The James Petras Website by permission of author or representative)
 
• Category: Economics • Tags: Latin America 
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