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1 1 (January 2016)

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      n 2016, the United States has the
      opportunity to advance key US interests in
      the Amer icas-eclipsing the fai led and
fading legacy of the late Venezuelan leader Hugo
ChAvez, filling the void that China's receding
demand  created, and backing a trend toward
accountable policies. Predictably, President
Barack Obama's outreach to the Rafil Castro
regime in Cuba has failed to produce the results
that he hoped would leave a lasting legacy.1
However, he has one final year to make a
meaningful contribution to democracy, the rule of
law, and f ree-market economics in the Americas
asawhole.
For nearly two decades, several countries have
succumbed  to a mix of authoritarian populism,
statist economic policies, and unsustainable
social spending-giving government such an
overbearing role in national economies that it
spurred corruption and undermined democracy.
Regrettably, in the last decade, the United States


failed to advance any alternatives to big-
government  strategies.
Meanwhile, regional antidrug cooperation that
willing Andean neighbors forged with the United
States 25 years ago hasvirtually disintegrated
today.2 At first, leftist regimes in Bolivia,
Ecuador, and Venezuela defied this US-led
agenda. Eventually, several became complicit
with narcocorruption-with littleor no pushback
from USpolicymakers.3 Now,  Colombia's
government  isgutting key antidrug policiesin its
rush to make peacewith narcoguerrillas, but US
diplomats have failed to counsel against making
peace at any price.4 Transnational organized
crimedestabilizes a half-dozen countries, but the
Obama  administration plansto throw UStax
dollars at thesymptoms in Central America while
neglecting the narcostate in Venezuela.
In a number of countries in recent months,
elections and opinion polls suggest that people
are seeking alternatives to statist formulas that


1


AMERICAN ENTERPRISE INSTITUTE

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