Netpicks May 2019

Selected food for thought about Latin America. Every month we trawl the web for in-depth analysis, research summaries and opinions we think particularly worth reading, and that you won’t find in the mainstream media.

NETPICKS: UNDERSTANDING LATIN AMERICA

Selected food for thought about Latin America. That’s what we intend to offer you here every month. We are trawling the web for a selection of texts we think are particularly worth reading: in-depth analysis, research summaries and opinions you might not find in the mainstream media news.

Hyperinflation, industry, cash and salaries in Venezuela

Few would deny that Venezuela is suffering from the worst crisis in its history. For the fifth consecutive year the country will record the highest inflation in the world (estimated at 24,571% for the period May 2017 to May 2018) (Nacional. 2018)). In May 2018, monthly inflation reached 110% while cumulative inflation for 2018 was around 1,995% (Nacional, 2018). This is the seventh consecutive month with hyperinflation and the country watches dumbfounded as prices rise on a daily basis.

The Difficult Historical Relationship between the Left and Democracy

In his essays on progressivism and the progressive governments in the Andean region, Eduardo Gudynas shows us how the notion and content of democracy have changed as these regimes hae developed, in the sense of a weakening of democracy as it was conceived in the tradition of the Left. The author notes an ever-greater difference between progressivism and what he calls the Classical Left in Latin America.