Latin America Turns on The Establishment
Bloomberg Businessweek|June 21, 2021
Pedro Castillo’s victory in Peru signals a regionwide fury at incumbents, a boon for the left
Amanda Kolson Hurley
Latin America Turns on The Establishment

The apparent narrow electoral win in Peru of Pedro Castillo, a rural union activist from a Marxist party, over conservative Keiko Fujimori signals what may be a far-reaching shift to the left in a region ravaged by Covid and filled with fury at ruling elites.

Candidates on the left appear poised for victory in Chile, Colombia, and Brazil over the next 16 months. With leftists already running Argentina, Mexico, Venezuela, and Bolivia, it could resemble the “pink tide”—the spread of leftist governments kicked off by Venezuela’s election of Hugo Chávez—at the start of this century. “You may have to start thinking about a radically different-looking Latin America,” says Brian Winter, vice president of Americas Society/Council of the Americas. “There are deep implications for these countries’ relations with the U.S. and China and their policies toward things like the drug war.”

A dozen regional analysts consulted by Bloomberg Businessweek agree that the public mood is surly and that incumbents, mostly on the right, are in trouble. They’re divided on where things are headed and whether what happened two decades ago offers useful guidance. “Given the devastating economic and health impact of the pandemic and accompanying corruption, the public mood is ‘Throw the bums out,’ ” says Cynthia Arnson, who heads the Latin America program at the nonpartisan Wilson Center in Washington, D.C. “Expect outsiders to win elections. The word that comes to my mind is not so much ‘left’ as ‘volatile.’ ”

This story is from the June 21, 2021 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the June 21, 2021 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEKView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023