Some have long argued that private digital money and the technology underpinning it will revolutionize finance in the long term. But with Bitcoin plunging, stablecoins collapsing, and crypto lenders freezing withdrawals, we asked PS commentators whether the industry has a future.
Hugo Chávez’s defeat in a plebiscite designed to prolong his rule and increase his power will inspire important changes not only in Venezuela, but across Latin America. Until the vote last Sunday, South America was divided into three blocs:
· populist, powered by oil and gas ( Venezuela, Bolivia, and Ecuador), with their Marxist model societies, Nicaragua and Cuba, propped up by Chavez’s “petrodollars;”
· social democratic( Brazil, Uruguay, Chile, and Peru); and
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