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Latin America
Showing Original Post only (View all)Brazil Looms Larger [View all]
The US views Latin America as its backyard. Brazil is beginning to feel the same way about South America, where it is the biggest and richest country...
The anti-imperialism of the most progressive among Brazils senior civil servants is like Pomars. He thinks that, irrespective of the political convictions of its backers, a movement founded on this anti-US rhetoric could spur social change: Every attempt to build a socialist bloc in Latin America has run into two obstacles: the power of the Latin American bourgeoisie, and that of the White House. Brazils integration initiative will not eliminate outside interference, but will reduce its impact, and give national politics greater autonomy. The tough stance of the Union of South American Nations (Unasur) founded in 2008 probably helped to foil Bolivian and Ecuadorian coups in 2008 and 2010. When the Venezuelan opposition and the US challenged the validity of the election of Nicolas Maduro, Unasur supported Hugo Chávezs designated heir. In the past, issues of that kind were settled by the Organisation of American States that means by the White House, said Pinheiro Guimarães. Secretary of State John Kerry recently referred to Latin America as the backyard of the US (4)...
South American countries are rich because of natural resources (of which they are now in a position to regain control), but are struggling to diversify their economies and build up their means of production. During the recent presidential election campaign in Venezuela, Maduro complained: Our country does not have a real national bourgeoisie ... the sectors involved in economic activity are highly dependent on American capital. (Rentier behaviour is the norm.) He appealed to anyone who could help Venezuela to lay the foundations of a productive economy (5) a message addressed to the nationalist private sector but which he may hope will reach Brazil, where industrialists are supposed to be more progressive...
In April, Pinheiro Guimarães gave an example of regional solidarity: Under the Lula government, something extraordinary happened: a subsidy from Brazil made it possible to start building a transmission line between the hydroelectric plant at Itaipu and Asunción (11), ending the power cuts in Paraguays capital. The business leaders of São Paulo drew other conclusions: Labour-intensive sectors in Brazil, such as the textile and garment industry, would improve their competitiveness relative to their Asian competitors on Brazils domestic market if they were to offshore part of their production operations to Paraguay, where wage costs are around 35% lower (12).
The anti-imperialism of the most progressive among Brazils senior civil servants is like Pomars. He thinks that, irrespective of the political convictions of its backers, a movement founded on this anti-US rhetoric could spur social change: Every attempt to build a socialist bloc in Latin America has run into two obstacles: the power of the Latin American bourgeoisie, and that of the White House. Brazils integration initiative will not eliminate outside interference, but will reduce its impact, and give national politics greater autonomy. The tough stance of the Union of South American Nations (Unasur) founded in 2008 probably helped to foil Bolivian and Ecuadorian coups in 2008 and 2010. When the Venezuelan opposition and the US challenged the validity of the election of Nicolas Maduro, Unasur supported Hugo Chávezs designated heir. In the past, issues of that kind were settled by the Organisation of American States that means by the White House, said Pinheiro Guimarães. Secretary of State John Kerry recently referred to Latin America as the backyard of the US (4)...
South American countries are rich because of natural resources (of which they are now in a position to regain control), but are struggling to diversify their economies and build up their means of production. During the recent presidential election campaign in Venezuela, Maduro complained: Our country does not have a real national bourgeoisie ... the sectors involved in economic activity are highly dependent on American capital. (Rentier behaviour is the norm.) He appealed to anyone who could help Venezuela to lay the foundations of a productive economy (5) a message addressed to the nationalist private sector but which he may hope will reach Brazil, where industrialists are supposed to be more progressive...
In April, Pinheiro Guimarães gave an example of regional solidarity: Under the Lula government, something extraordinary happened: a subsidy from Brazil made it possible to start building a transmission line between the hydroelectric plant at Itaipu and Asunción (11), ending the power cuts in Paraguays capital. The business leaders of São Paulo drew other conclusions: Labour-intensive sectors in Brazil, such as the textile and garment industry, would improve their competitiveness relative to their Asian competitors on Brazils domestic market if they were to offshore part of their production operations to Paraguay, where wage costs are around 35% lower (12).
Source: Le Monde Diplomatique
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So capital from the US is being replaced by capital from the South, as the author pointed out.
Catherina
May 2013
#1
Yes, to some extent Brazilian capital will replace American capital.
Benton D Struckcheon
May 2013
#6
Well, if that don't beat all! Dilma Rousseff--horribly tortured by U.S.-supported fascists...
Peace Patriot
May 2013
#2