Serious problems in the nation’s flood insurance program have received heavy media coverage over the past three months. But flood insurance, like any insurance that covers a single type of (un)natural disaster, is burdened with inherent contradictions that always threaten to scuttle the system.
The election results in Venezuela and Argentina, the Brazilian crisis, and the erosion of the “citizens’ revolution” in Ecuador are part of a change in political climate that puts the transformative processes underway on the defensive.
In the past weeks four progressive governments in the region show unmistakable signs of weakness. Rafael Correa will not compete for re-election, in the context of an uncertain economic outlook for his country. Dilma Rousseff may face impeachment by parliament. Nicolás Maduro suffered the first Bolivarian electoral defeat, leaving his government at the mercy of parliament, and Cristina Fernandez’s candidate was defeated by the right-wing Mauricio Macri.