Latin America & Caribbean
Waiting for Copernicus

Waiting for Copernicus

It’s happening in Buenos Aires. It’s happening in Paris and in Athens. It’s even happening at the World Bank headquarters.The global economy is finally shifting away from the model that prevailed for the last three decades. Europeans are rejecting austerity. Latin Americans are nationalizing enterprises. The next head of the World Bank has actually done effective development work.

Maybe that long-heralded “end of the Washington consensus” is finally upon us.

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Annotate This: EU Response to Argentina’s Nationalization

Annotate This: EU Response to Argentina’s Nationalization

Despite being immensely popular among the people of Argentina, the Argentinean government’s decision to nationalize the YPF oil company has continued to come under attack by those who obstinately promote extractive capitalism. The measure would nationalize YPF and restore 51 percent of the company’s ownership to Argentina. It would thus end sister company Repsol’s 57.4 percent majority stake in the company.

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The Capital of Colombia Says, “Farewell to Arms”

Hanging from City Hall in the center of downtown Bogota is an enormous banner that reads: “To arm or to love?” [Armar or amar], advertising an initiative being carried out by the new administration of democratic leftist mayor Gustavo Petro Urrego. The initiative bans legal firearms from public places in an effort to reduce the number of homicides. The measure is also intended to strengthen the ability of the police to dismantle criminal bands and decommission illegal firearms and other weapons.

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