First Uruguay: Same old, same old, in age and in politics,
Since Pepe Mujica could not run for a second term according to the Uruguayan Constitution, an election took place yesterday, which now goes to a runoff
Leftist ruling coalition candidate Tabare Vazquez led Uruguay’s presidential election on Sunday but he fell short of a first-round victory and will go to a runoff vote next month with the country’s pioneering marijuana bill hanging in the balance.
Vazquez of the Broad Front coalition said as results trickled in that the race would go to a second round and he is likely to face a nerve-jangling contest against young center-right opposition candidate, Luis Lacalle Pou.
Exit polls showed Vazquez winning 44-46 percent of the vote compared with 31-33 percent for Lacalle Pou of the National Party.
The 74 year old Vazquez first was president in 2005, and it looks like he’s going for a rerun. Lacalle Pou is 41.
Also going for a rerun, Brazilians choose to remain “the country of the future”:
Brazil Sticks With Statism
Odds are that the country’s reputation for economic mediocrity is safe for another four years.
Neither Lula nor Ms. Rousseff seem to care about development. According to Goldman Sachs , from 2004-13 government spending grew at almost 8% a year, in real terms, which was more than twice the rate of GDP growth. Inflation is now 7% year-over-year on prices for goods and services not regulated by price controls and 8.6% for services alone. Inflationary expectations are rising.
More worrying is the damage the PT might do to institutions and the rule of law over another 48 months. Civil society here jealously guards civil liberties and pluralism. But as one astute businessman told me, “We are noticing, bit by bit, a trend toward copying Argentina, Bolivia and Ecuador. The tendency is to reduce democracy.” One example is Ms. Rousseff’s May decree empowering “popular councils,” which would move the country away from representative democracy à la Venezuela. Congress has so far refused to approve the measure but if the usual vote-buying goes on, that may change.
To celebrate, Dilma wore a suit that matched the drapes and her politics,