Over at The Daily Signal James M. Roberts of The Heritage Foundation examines why socialism has failed in Latin American countries. He writes:
With the Senate impeachment vote to remove from office former President Dilma Rousseff, Brazilians joined a lengthening line of Latin Americans who have soured on the populist, corrupting, and impoverishing policies of “21st Century Socialism.”
Faced with its disastrous consequences, people in some neighboring countries had already turned the page and moved on. Argentina wised up late last year and installed center-right President Mauricio Macri after more than a decade of misrule by the Peronist Kirchner family.
Earlier this year, Peruvians voted for a 78-year-old center-right economist to get them back on track. And in Caracas, Venezuela, tens of thousands took to the streets demanding the removal of the brutally fascistic regime put in power by one of 21st Century Socialism’s founding fathers, the late Hugo Chávez.
Brazil, government spending programs championed by Rousseff and her socialist mentor and predecessor, “Lula” da Silva, only managed to pull Brazilians out of poverty temporarily, through cash transfers and welfare benefits that ended up nearly bankrupting the country and plunging it into its deepest recession since the 1930s.