Supporting free markets and free trade, Garcia gets the nod in Peru

well, george and condi must be breathing a sigh of relief... i wonder how much covert u.s. influence was behind THIS election... ah, but the u.s. wouldn't do something like THAT, now would it...? nah...

Former president Alan García defeated nationalist candidate Ollanta Humala in Sunday's runoff election, earning a second chance to lead the country he steered to economic devastation in the 1980s.

García campaigned to protect Peru's free-trade economy from what he portrayed as the false promise of Latin American populism, arguing that Humala's plan to exert more state control over Peru's mining and energy sectors would isolate the country economically and discourage private investment.

Humala conceded defeat late Sunday after García led 55 percent to 45 percent with 77 percent of the votes counted.

if you follow the consequences of "free" trade, "free" markets, imf and world bank conditionalities, and the so-called wisdom of the neo-liberal economists on "emerging economies," you will find a sad trail of increasing poverty, great riches amassed by local national oligarchs and global corporations, resource exploitation, and suffocating debt burden... ah, but, thank goodness, peru will NOW remain an indentured economic servant of the global empire...

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