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Latin America
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Latin America has always been the prime laboratory for this doctrine. Friedman first learned how to exploit a large-scale crisis in the mid-1970s, when he advised Chilean dictator Gen. Augusto Pinochet. Not only were Chileans in a state of shock following Pinochet's violent overthrow of Socialist President Salvador Allende; the country was ... reeling from severe hyperinflation. Friedman advised Pinochet to impose a rapid-fire transformation of the economy--tax cuts, free trade, privatized services, cuts to social spending and deregulation. It was the most extreme capitalist makeover ever attempted, and it became known as a Chicago School revolution, since so many of Pinochet's top aides and ministers had studied under Friedman at the University of Chicago. A similar process was under way in Uruguay and Brazil, also with the help of University of Chicago graduates and professors, and a few years later, in Argentina.
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While many industries in the US are strong, the comparison between Latin America and the US is like comparing Bananas to Big Macs. In Latin America the crisis of Mexico, Brazil and Argentina were often not just connected to one product market or one industry, but was a result of hyper investment in newly promoted ventures in those countries, a response to state run industries being sold off while they still could produce a profit for in debt governments, and investment regulations which did not regulate hyper liquid investments which could leave the economy with one click of a mouse. While the US ... has a massive amount of debt, perhaps one third of it via China, payment of debt was never and is not currently regulated by outside forces such as the World Bank and IMF. Outside debt lending obligations often put many Latin American countries into situations where debt payments pushed more of their population into poverty. At crisis levels of around 30-40% under the poverty line on average in the region, the effect on a country like Argentina is one of a Great Depression, not merely a Great Recession.
Across Latin America, governments have used television, radio, billboards and posters as means of raising awareness about AIDS. Various messages have been promoted by these campaigns, including condom promotion and anti-discrimination messages. In many cases, though, these messages are not getting through. Young people in particular are often more likely to respond to folk wisdom and inaccurate information circulated by their peers than to these adverts. Sex education in schools can help young people to protect themselves, but recent reports suggest that the subject is absent in many Latin American schools, and inadequate where it is available. 48
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The Latin America team has responsibility for relations with 21 countries. It ... has responsibility for relations with a number of regional bodies, such as the Organisation of American States (OAS) and Mercosur (Common Market of the south).
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VH1 Latin America will launch in the 2nd quarter of 2004 with its initial distribution in Mexico via pay TV. The network will ... be made available throughout Latin America with additional distribution to be announced. Further details about the channel and its programming line-up will be announced in the coming months.
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"Chaves, himself, a youthful former army colonel of 51, is now perceived in Latin America as the most original political figure to have emerged since Fidel Castro broke on to the scene nearely 50 years ago. With huge charisma, he has an infinite capacity to relate to the poor population of the continent. A largely self-educated intellectual, the ideology of his Bolivarian revolution is based on a handful of exemplary figures from the 19th century, most notably Simón Bolivar, the man who liberated most of South America from Spanish rule. Chavez offers a cultural as well as a political alternative to the prevailing US-inspired model that dominates Latin America.
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