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A Critical Moment for Latin America

8:30 AM, Sep 28, 2012 • By JAIME DAREMBLUM
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“Even as evidence of economic crisis continues to mount—the latest sign being that supermarket shoppers are limited to one bottle of cooking oil per customer—the government gives no indication of concern,” writes investor Sin-ming Shaw. Kirchner continues to embrace Chávez-style economic policies and wage war on the opposition media. For example, her government has told Grupo Clarín, the country’s biggest media conglomerate, that December 7 is the deadline for selling most of its broadcast outlets to comply with a 2009 law that dramatically reduced press freedom. She is increasingly unpopular, and Argentines have been filling the streets to vent their frustrations.

Unless Kirchner changes course—and soon—it is hard to imagine how Argentina will avoid disaster.

Jaime Daremblum, who served as Costa Rica's ambassador to the United States from 1998 to 2004, is director of the Center for Latin American Studies at the Hudson Institute.

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