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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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To the degree that the 21cs pursue nationalist politics (and we should note that nationalization means expropriatism and public ownership) they are a pale reflection of the measures taken between the 1930’s – mid 1970’s
One of the key factors reversing past leftist waves in Latin America was the economic power and interventionary capacity of the US.
There is strong evidence that US power has suffered a relative decline on both counts. The US is no longer a creditor country; it is no longer the leading trading partner with Brazil, Chile, Peru and Argentina and is losing ground in the rest of Latin America, except for Mexico.