Today Gustavo Petro will be inaugurated as Colombia’s president, the first left-wing politician to hold that office. He campaigned on promises to redistribute wealth from the country’s richest to its poorest
, a former rural schoolteacher and union leader, became president of Peru. And Luiz Inácio Lula da Silva, a former left-wing president of Brazil, is the favourite to win back his old job at elections in October.
For example Carlos Slim, Latin America’s richest man and one of the world’s wealthiest billionaires, made his money by dominating Mexico’s telecommunications industry in the 1990s. A report by thein 2011 found that his company, América Móvil, controlled 80% of the fixed-line market and 70% of the mobile-phone market, and that profit margins were nearly double the average in the.
The feeling that democracies are rigged in favour of the rich and powerful has a corrosive effect on democracy. According to a survey conducted last year by Vanderbilt University in Tennessee, over 90% of Paraguayans and Colombians believe that the rich sometimes or always buy elections. An average of three-quarters of respondents to Latinobarómetro, another regional survey, believe that governments cater only to “powerful groups”.
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