Brazil and Venezuela: Left vs Right

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order to distinguish between these two Latin American countries, we must establish the difference in the type of leftist government within them; Brazil has a moderate leftist government, while Venezuela is run by a contestatory leftist government. The moderate leftists emphasize a social policy through traditional market foundation and tend to support and deepen the democratic institutions and policies left by their predecessors. The contestatory leftists opt for placing their ideology before their economic stability, choosing to show off their power instead of trying to properly implement it for the good of their countries. The moderate leftists have roots stemming from radical left parties known as Castroists and Communists; they have adjusted based on history and learning from its previous failures, have opted to continue building on the foundations laid by predecessors and even signing further trade agreements with the US, all while focusing on improving social programs. ...

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leftist government keeps handing out money, and taking what it needs or finds available with little concern about the growing population now living below the poverty line (Castaneda). This deficit has more recently led to a devaluation of the bolivar from 4.3 bolivars per US dollar to 6.3 bolivars this past February (lecture). Both clear indications of a stagnant economy.

Matias Vernengo asserts in his article, Latin America's Left off track: Latin America Has a New Crop of Leaders, but Their Macroeconomic Policies Are Sadly Familiar, that Latin American countries are prospering due to luck rather than good policies (2005). He states that the Latin American governments have all ...

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