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2/18/07

Daily News - Leftist victories in Latin America reflect growing disenchantment with neo-liberal economics - Kalinga SENEVIRATNE


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Leftist victories in Latin America reflect growing disenchantment with neo-liberal economics - Kalinga SENEVIRATNE

While over 3000 American soldiers have died in President George W Bush's war to "bring democracy" to Iraq since 2003, a democratic revolution sweeping across Latin America during the same period has elected leftwing leaders who have no faith in the United States (US) prescribed neo-liberal "free market" economic model which has been imposed on them by the International Monetary Fund (IMF) and the World Bank in the past 30 years.

Last year, the Miami Herald, reported that fifteen "Bolivarian Circles" - the grassroots groups that form the basis of President Chavez's social revolution in Venezuela - have sprung up in U.S. cities, including New York, Los Angeles and Boston. In February last year in congressional testimony, Secretary of State Condoleezza Rice said a "policy of inoculation" was necessary to diplomatically contain Chavez's influence in the region.

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