by James Petras, via 99GetSmart
Introduction: Amid raging corruption, social pathologies and outright political thuggery, a new gang of vassal regimes has taken-over Latin America. The new rulers are strictly recruited as the protégé’s of US financial and banking institutions. Hence the financial press refers to them as the “new managers” – of Wall Street.
The US financial media has once again provided a political cover for the vilest crimes committed by the ‘new managers’ as they launch their offensive against labor and in favor of the foreign and domestic financiers.
To understand the dynamics of the empire’s new vassal managers, we will proceed by identifying (1) the illicit power grab (2) the neoliberal policies they have pursued (3) the impact of their program on the class structure (4) their economic performance and future socio-political perspectives.
Vassals as Managers of Empire
Latin America’s current vassalage elite is of longer and…
View original post 1,211 more words