See The whole article here: http://www.theadvocates.org/liberator/vol-11-num-4.html#GBU " The free market did not fail in South America. What did fail is what always fails -- government intervention in the economy in the form of widespread protectionism, politically motivated loans, and massive political corruption. The only difference is that in Latin America, this government intervention masqueraded as free-market "reforms." And voters, deluded by opportunistic politicians, decided that the solution to too much government was more government. Sadly, those South American voters will probably pay the price for that mistake for years to come." I read this article and it struck me that socialism is very easy to sell. Too bad it doesn't work as good as it sounds.