The Socialism of the 21st Century is on its Way out!?

by Andrea L. Tapia-Hoffmann*

Rafael Correa was inaugurated as President of Ecuador in 2007. He joined forces with Chavez to promote the idea of a so-called “Socialism of the 21st Century” in Latin America. After Chavez’s death in 2013, Correa became the self-proclaimed leader of the movement. Because the new socialism has led to severe problems, it has recently lost support. Latin America is moving to the right. If a majority of Ecuadorians vote against Correa’s ruling socialists on April 2 this year, the entire project should be on its way out. The odds are good. The governments’ authoritarian behavior and the slowdown of the economy have eroded the popularity of Correa’s political party.

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