Latin America’s Best Hope Is European Social Democracy - Bloomberg
Eduardo Porter, Staff Columnist

Latin America’s Best Hope Is European Social Democracy

The answer to the region’s chronic political turmoil is a social contract that brings workers into the formal economy, provides old-age pensions and enables citizens to live with dignity.

They would prefer health care and pensions over revolution.

Photographer: Ernesto Benavides/AFP via Getty Images

Social democracy is the answer.

The question is how to deliver inclusive, broad-based wellbeing to the 650 million or so people in Latin America and the Caribbean. Despite a long history of social struggle and revolution, successive governments of various ideological stripes throughout the region have ultimately failed to provide its citizens the rights and opportunities embodied in their egalitarian national mythologies.

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Latin America’s Best Hope Is European Social Democracy