PatRiley
formerly heirjordan15
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While there will be extra electoral attempts to unseat Bernie Sanders if he becomes President, I am starting to believe that capital will attempt a coup against Elizabeth Warren.
After seeing coups against Lula and Evo, it’s obvious that capital will oppose reformers as well as revolutionaries. Recall that in the 2000’s, Lula and Evo came you power as part of the “pink tide” which was a wave of elections where several left meaning but not revolutionary leaders got voted into power. Those new leaders emphasized that they would work with capital while pursuing social democracy.
Wealthy Brazilians and wealthy Bolivians stayed wealthy while extreme poverty was reduced and investors in New York and London still get a good rate of return on their bonds as well as their foreign direct investment into those Latin American Countries.
For the wealthy people in Latin America and for the investor class in the global north, shared prosperity was unacceptable for two reasons. One is that they could get higher rates of return these countries went back to neoliberal policies. The other reason is that even modest measures to reduce poverty disrupt the lord-serf, client-patron social relations that exists in Latin America.
The fact that capital cannot tolerate social democracy and growing rich at a somewhat slower pace should be a warning to workers in all countries.
there was no coup in Bolivia