However, the political fallout of the current neoliberal crisis in the region-which really came to a head during the pandemic-seems to me to be more volatile. One of the outcomes of that stalemate was a certain stability and predictability, albeit a tense one. The first Pink Tide came on the heels of a neoliberal crisis that was ultimately settled in an uneasy stalemate, a ‘hegemonic draw’ between insurgent left-wing governments and a capitalist restoration. I think we might need to reach for a different metaphor at this point though - something less predictable than what a ‘tide’ might imply. ![]() With left-wing or centre-left governments in Bolivia, Argentina, and Mexico, and encouraging signs of political change in Colombia, Chile, and, perhaps most unexpectedly in Peru, the Left in Latin America is definitely threatening a comeback of some sort. There may be something like a new Pink Tide underway.
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