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The Collapse Of The Soviet Union

Decent Essays

The collapse of the Soviet Union and other socialist regimes in the early 1990s, marked a new era for the dominance of liberal democracy and capitalism. However, in Latin America there has been a resurgence of socialism into the 21st century. This resurgence has come to be known as the Pink Tide. It is associated with a moderate form of socialism that attempts to work with the current capitalist global economy and globalization. Although the degree of socialism differs from country to country, the foundation among all the states was to rebuild the region through multipolarity and solidarity. Since the implementation of neoliberal economic policies in the 1980s, many Latin American countries were experiencing social, political, and economic crises, leftist movements and parties began rising to challenge the new order. The Pink Tide began in 1998 when Hugo Chavez was elected president in Venezuela. This paved the way for other leftist groups to gain momentum throughout the region. These groups were able to make their mark primarily due to the failure of neoliberal governments and policies to improve the conditions of the impoverished and promote growth. Also, many of these movements and parties claimed to speak for the masses, especially the indigenous population. The cases of Venezuela and Bolivia as Pink Tide nations will be used to analyze the resurgence of socialism.
The post-WWII period was supposed to be a time of economic growth and development. Many Latin American

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