News and Analysis: Argentina
While the ruling class mourns the death of one of their most loyal politicians and mouthpieces, the British and Irish working classes and oppressed peoples the world over are certainly not mourning Margaret Thatcher’s passing.
Argentine revolutionary folk singer Mercedes Sosa died Oct. 4, in Buenos Aires, Argentina. Known as "The voice of Latin America," Mercedes "La Negra" Sosa was one of the greatest exponents of the "Nueva Canci??n" or New Song Movement.
In a move to protect workers’ pensions from the global financial crisis, Argentina has nationalized about $25 billion in pension funds. Argentina’s private pension funds were created in 1994, partly to encourage investment in local capital markets.
On May 23, the leaders of Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela met in the Brazilian capital, Brasilia, to sign the constitution of the Union of South American Nations.
The Bank of the South, an initiative spearheaded by Venezuelan President Hugo Chávez, was inaugurated on Dec. 9. The finance ministers of Venezuela, Brazil, Paraguay, Uruguay, Argentina, Peru and Chile will all sit in the bank’s board of directors.
On March 8, President George Bush left the United States on a six-day trip through Latin America. He traveled through Brazil, Uruguay, Colombia, Guatemala and Mexico. The Bush administration has been criticized by sections of the ruling class for putting too much focus on the Middle East at the expense of its interests in Latin America.
On Oct. 8, 1967, Ernesto "Che" Guevara—a revolutionary hero—was captured in battle in the jungles of Bolivia. Che was leading Bolivian and Cuban guerrillas in a struggle to free Bolivia from capitalist and imperialist exploitation.