ALBA: Regional Alternative to Neoliberalism

By Shawn Hattingh, Monthly Review 

Recently, a wind of change has been blowing across Latin America.  Starting with anti-IMF riots in Caracas in 1989, and the rise of the Zapatistas in the early 1990s, people in Latin America have started resisting neo-liberalism and US domination.  Within the last few years, a number of progressive leaders -- for example, Chavez in Venezuela, Morales in Bolivia, and Correa in Ecuador -- have come to power on the back of this resistance.  For these governments, breaking with neo-liberalism has been a priority.

Perhaps the most important initiative for that has been the creation of the Bolivarian Alternative for the Americas (ALBA).  Indeed, ALBA is aimed at striking a major blow against US hegemony, the IMF, the World Bank, "free" trade, and neo-liberalism in general...

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