After a long period of the neoliberal restructuring, Latin American turned left in the early 20th century: not radically left, but moderately so, hence the appellation of “the pink tide” to refer to the governments across most of the region that ideologically rejected neoliberalism and the Washington Consensus while presiding over the expansion of their primary goods sectors. Their distinctive policy innovation was to tax their extractive sectors more heavily (and, in some cases, to expand state participation within them) and redistribute these tax revenues to their citizens in the form of higher social spending, infrastructure investment and development projects. Pink tide governments achieved significant progress in poverty reduction as long as global commodity prices were high, but once these sank, then so did the pink tide. Progressive governments across the region lost elections or were driven from power. One is left to wonder if the pink tide was made p...
This is a blog about Mexican politics meant to inform public understanding of Mexico and Mexican politics.