Peru’s democracy has gone off the rails, leaving voters trapped between extremes
At the moment, Peru's politics look like the result of putting a mad political scientist in a lab to think up nightmare scenarios for how a democracy might go off the rails. Nearly everything that could go wrong has gone wrong there, leaving the country to face a presidential runoff election between two extreme ideologues while the public, disgusted by corruption and ineffective governance, appears to have rejected the entire political class.
How did Peru get here? The roots of dysfunction go back to the 1980s, when extreme populist overspending led to a devastating bout of hyperinflation that wiped out the nascent middle class’s savings.… Seguir leyendo »