Berliner Boersenzeitung - Fed-up voters put Latin American leaders on thin ice

EUR -
AED 4.068977
AFN 72.017668
ALL 90.66125
AMD 404.582645
ANG 1.983009
AOA 1017.106924
ARS 1711.217854
AUD 1.620961
AWG 1.994327
AZN 1.879515
BAM 1.952644
BBD 2.255947
BDT 139.634328
BGN 1.936526
BHD 0.422557
BIF 3350.702262
BMD 1.107959
BND 1.431921
BOB 13.28403
BRL 6.187177
BSD 1.120086
BTN 105.264376
BWP 15.366483
BYN 3.353683
BYR 21716.003406
BZD 2.252663
CAD 1.579778
CDF 2564.925957
CHF 0.922836
CLF 0.02769
CLP 1089.800121
CNY 7.390477
CNH 7.387818
COP 3635.103856
CRC 506.629217
CUC 1.107959
CUP 26.879558
CVE 110.097002
CZK 24.389544
DJF 199.454751
DKK 7.475441
DOP 67.936642
DZD 151.643051
EGP 59.351062
ERN 16.61939
ETB 182.305242
FJD 2.514178
FKP 0.834328
GBP 0.835684
GEL 2.878618
GGP 0.834328
GHS 13.116282
GIP 0.834328
GMD 81.988419
GNF 9922.903356
GTQ 8.55894
GYD 234.707155
HKD 8.68931
HNL 30.108194
HRK 7.499788
HTG 146.816634
HUF 364.88443
IDR 20218.042354
ILS 3.52125
IMP 0.834328
INR 103.834292
IQD 1697.855989
IRR 2111853.631941
ISK 136.58921
JEP 0.834328
JMD 177.768741
JOD 0.78558
JPY 177.019734
KES 143.956848
KGS 96.890603
KHR 4568.050196
KMF 489.718201
KPW 997.163379
KRW 1471.597164
KWD 0.344863
KYD 0.933292
KZT 500.021883
LAK 25211.870367
LBP 100302.447826
LKR 372.243671
LRD 190.409453
LSL 18.362928
LTL 3.271516
LVL 0.670193
LYD 7.180012
MAD 10.926274
MDL 20.12756
MGA 5068.243462
MKD 61.549131
MMK 2326.409305
MNT 3994.086851
MOP 9.049275
MRU 45.184257
MUR 52.484026
MVR 17.06754
MWK 1942.227577
MXN 20.641058
MYR 4.523238
MZN 70.799652
NAD 18.361026
NGN 1491.002605
NIO 41.217292
NOK 10.602729
NPR 168.423761
NZD 1.995396
OMR 0.426008
PAB 1.120116
PEN 3.816931
PGK 5.030347
PHP 70.490566
PKR 307.540734
PLN 4.411122
PYG 6914.41804
QAR 4.08297
RON 5.344688
RSD 117.594372
RUB 92.0462
RWF 1657.171311
SAR 4.179459
SBD 8.964219
SCR 15.406306
SDG 666.435918
SEK 11.060259
SGD 1.423872
SHP 0.830212
SLE 25.386812
SLL 23233.358618
SOS 640.123232
SRD 41.710258
STD 22932.521738
STN 24.462782
SVC 9.800161
SYP 14405.687216
SZL 18.367889
THB 37.40246
TJS 10.293493
TMT 3.877858
TND 3.338206
TOP 2.6677
TRY 55.680388
TTD 7.595724
TWD 36.548214
TZS 2945.935408
UAH 50.944234
UGX 4570.129529
USD 1.107959
UYU 45.320845
UZS 13411.325117
VES 997.706879
VND 28462.921913
VUV 132.892923
WST 3.088768
XAF 655.957
XAG 0.021513
XAU 0.000278478306
XCD 2.994315
XCG 2.018438
XDR 0.783385
XOF 655.957
XPF 119.331742
YER 261.973167
ZAR 18.412922
ZMK 9972.967302
ZMW 22.821177
ZWL 356.762461
SSP 6411.232874
MXV 2.31862
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Fed-up voters put Latin American leaders on thin ice
Fed-up voters put Latin American leaders on thin ice / Photo: Luis ROBAYO - AFP

Fed-up voters put Latin American leaders on thin ice

Latin American governments are learning not to get too comfortable in office, as disgruntled voters repeatedly topple incumbents, often in favor of outsiders or inexperienced politicians.

Text size:

In many cases, things have not gone well for the newcomers.

The election of brash Argentine upstart Javier Milei shows that an anti-incumbent trend over the past decade is becoming a fixture, analysts say.

"There is no left-wing wave or right-wing wave. There is no clear ideological trend. You simply have governing parties losing," said Ignacio Labaqui, a professor in Latin American politics at the Argentina Catholic University.

From Chile to Peru, Colombia and Ecuador, voters have simply opted to boot out the government of the day in favor of someone new. In Brazil, voters swung from outsider Jair Bolsonaro and then back to veteran leftist Luiz Inacio Lula da Silva.

Since 2018, the only government to hold onto power in a free and fair election has been in Paraguay, said Labaqui.

- 'Tired of everything' -

Gerardo Munck, an Argentine professor of international relations at the University of Southern California, told AFP that in the past decade, 80 percent of elections have been won by an opposition party, since a commodities boom fizzled out.

The economic fallout from the Covid-19 pandemic only made things worse.

"Voters are basically just tired of everything," he said, pointing to Argentina, where Milei swept to power on a wave of fury over decades of economic decline under the long-dominant Peronist coalition.

While the economy has been a big driver of exasperation, many voters are also increasingly concerned with crime, as drug and gang violence -- once only an issue north of Colombia -- spreads into new countries, such as Chile, Ecuador and even normally stable Uruguay.

Milei is also one of several examples of presidents elected not out of fervent adoration, but rather rejection of the other candidate, with many Argentine voters describing him as "the lesser evil".

Analysts say the collapse of powerful traditional parties has allowed outsiders like Milei to flourish.

- 'Unhappy record' -

Milei, a former television pundit, will take office next month with very little political experience and 38 out of 257 seats in Congress, leaving a cloud of uncertainty over what he will be able to accomplish.

If he looks to the precedent elsewhere in the region it has been an "unhappy record" for new governments who have struggled or seen their popularity swiftly plummet, said Michael Shifter of the Inter-American Dialogue think-tank in Washington.

In Peru, rural teacher Pedro Castillo burst from obscurity to the top office, but with little experience and a minority in Congress, chaos quickly ensued. He overhauled his cabinet four times in six months, and faced multiple impeachment proceedings.

Castillo was removed from office and arrested in December 2022, after 18 months in power, after attempting to dissolve Congress and rule by decree.

Chile's Gabriel Boric, elected in 2021, and Colombia's Gustavo Petro, elected in 2022, have both seen their popularity slide as they have struggled to implement their promised reforms.

Boric, 37, lost control of his key reform of the country's constitution reform process to the far-right and has battled rising crime and inflation.

Meanwhile, Colombia's ruling left took a beating in local elections as Petro's "total peace" plan has struggled, with the country instead experiencing a surge in violence from armed groups.

The Argentine professor, Munck, said a lot of the recently elected leaders in Latin America were "amateurs. They haven't run anything. (Milei) talks about economic theory but running a government is totally different."

Munck said the message to Latin American governments was: "It's easy to win an election, but it's hard to govern."

- The unknown -

Analysts agree that the only newcomers who have retained their popularity were Mexico's President Andres Manuel Lopez Obrador and El Salvador's President Nayib Bukele -- both facing re-election next year.

Bukele's war against violent gangs has won him adoration at home, even as he has come under fire from human rights organisations over arbitrary arrests and growing authoritarianism.

Noam Lupu, Associate Director of the Latin American Public Opinion Project, said the problem with outsiders was "that you don't really know what they're going to do (or) how committed they are to the political system. And often they do something very different from what they say in their campaigns."

"My guess is Milei is going to be a prime example of that."

(K.Müller--BBZ)