Mercosur Blues

When the leaders of Mercosur met in Caracas this week, the usual bluster about standing up to imperialism filled the air. But so did the unmistakable scent of decay.

SANTIAGO – When the leaders of Mercosur met in Caracas this week, the usual bluster about standing up to imperialism filled the air. But so did the unmistakable scent of decay.

Mercosur is usually described as a trade grouping; in fact, it has been a political creation from the start. Brazil, the regional powerhouse, always viewed it as a counterweight to the United States in hemispheric affairs. Peronist governments in Argentina used it to hype integration while doing little or nothing to remove actual barriers to trade. With the entrance of Hugo Chávez’s Venezuela in 2006, the lurch toward populism became unmistakable.

As a Chilean government minister late last decade, I remember the frustration of attending Mercosur gatherings (Chile is an associate member). They were long on posturing and endless speeches, but short on substantive agreements about anything.

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

http://prosyn.org/S8DBLav;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.