Pollution is a bad thing, right? Isn’t the ultimate goal of the 1972 Clean Water Act to make all water in the U.S. swimmable, fishable, and drinkable – as it once was? Well, think again… If you are a capitalist entrepreneur who believes, to paraphrase Reagan, in the “magic of the market place” then a lucrative opportunity awaits you in the emerging water pollution trading business!
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.