Luiz Inacio Lula da Silva leads a rally in Sao Paulo, Brazil, a day before recapturing the country's presidency. Photo: Tuane Fernandes/Bloomberg How Rising Socialism in Latin America Benefits Miami Lawyers
Leftist administrations are driving capital flight while foreign and domestic investors seek opportunity during times of uncertainty.
November 04, 2022 at 02:39 PM
6 minute read
Winning Brazil's presidential election last month, Luiz Inácio Lula da Silva finished what Mexican President Andrés Manuel López Obrador started in December 2018. In less than four years, Latin America's six largest economies ousted right-wing incumbents on campaign promises to address rising income inequality and food insecurity with higher taxes, restrictions on foreign investment, and reinvigorated social programs. Between Lula and Obrador, citizens of Argentina, Bolivia, Peru, Colombia and Chile each elected leaders who range from left-wing to leftists and full-blown Marxists.
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