I’m reading a lot of Latin American history and Euro history for my next book, and the Latinos would go through this cycle where they wanted our money, but as soon as we came down there and began “Americanizing” them, they nationalized everything, kicked us out, and the army took over. Pretty soon, they wanted democracy again, then wanted our money again. Rinse, repeat.
It looked for a time that Latin America finally got it and was going in the direction of free markets and democracy, but then along came Chavez and the Peronists. Now, Chavez is weakening and maybe it will start to swing again.
Meanwhile, Asia is fixing to leave Latin America in its dust.