As a quiet example of how privatizing Social Security works in the real world, Chile’s 30-year experiment is succeeding beyond expectations. Instead of running huge deficits to fund the old “PayGo” system, private savings now exceed 50 percent of the country’s Gross Domestic Product.
The Plurinational State of Bolivia is presenting a message to the world via the United Nations: Nature should have just as many rights as human beings do. Air has a right to be clean. Water has a right to be pure. And nature has “the right to balance.” Bolivia’s ambassador to the UN, Pablo Salon, will be presenting a treaty to the UN with the goal of codifying these sentiments into international law.
The horrific, premeditated massacre of nearly a dozen children at a school in Rio de Janeiro was the work of a Islamic extremist — but the English language press is either ignoring or concealing the alleged murderer’s religious beliefs.
Socialist Venezuelan “President” Hugo Chavez prompted ridicule and concern about his well being after suggesting in a speech that “capitalism” and “imperialism” may have ended life on Mars, adding the possible demise of Martian civilization to a long list of ills the revolutionary leader blames on free markets.
While U.S. President Barack Obama’s trip to Latin America hogs the media spotlight in news coverage of the region, the nations on the Southern continent made their new regional government official on March 11 as the Union Of South American Nations (UNASUR or UNASUL) treaty entered into force. Basing the supranational institution on the European Union model, further integration is still planned and already underway as two socialists were elected to lead the union.