The rise in prices of raw materials and the high demand for them, together with low profit rates for speculative investment in the core countries of capitalism, led to a significant flow of investment in Latin America, which also had a component of intra - regional investment. This, coupled with major social policies and public investment, made by progressive and leftist governments, contributed to a major cycle of economic growth. Some believed that this situation would be virtually eternal. We argued, sometimes almost alone, that it would not.
The progressive and leftist governments and the struggle of our people democratized Latin America and made it fairer. No doubt. But the inability to advance structural reforms, and also to generate levels of unity and popular organization that would allow a political and ideological synthesis superior in our villages, together with the failure to build a superseding strategic perspective of capitalism, are some of the root causes that explain the reflux caused by imperialist counter-offensive.
Progressivism shows diminishing returns in economic, political and ideological terms in its potential as a post-neoliberal alternative. This is clearly expressed by the wave of neoliberal restoration in Argentina, with clawbacks of rights , discursive and material imperialist alignment, with the unprecedented transfer of 20 billion dollars to transnational banks in a few months. The same goes for the coup government and oligarchy in Brazil, which aims to dismantle all social programs, promotes layoffs, wage cuts, privatization and openings to foreign capital of oil reserves and other natural resources.
Therefore we reiterate, ~ no end of cycle in Latin America, there is a new stage of struggle to continue confronting imperialism and the national oligarchies, to defend democracy, the political and social gains and advance achievements. Therefore it is very important to deploy the broadest solidarity with the struggle of Brazilian people to confront and defeat the coup and the illegitimate government of the oligarchy. The coup is far from consolidated, the coup government is weakened by its increasingly explicit corruption and also the anti - popular, anti - democratic character of its government's implications. [The fightback in Brazil] will depend on the degree of unity and capacity of initiative and struggle of the Brazilian people to confront and defeat it. Solidarity with this struggle is a central revolutionary task and its elucidation will impact our own reality with enormous force, both economically, and politically and ideologically.
We reject any attempt of a coup and defend Venezuela's sovereignty and the right of its people to democratically resolve their situation. The recent ruling of the OAS, rejecting the interventionist proposal from its Secretary General, Luis Almagro; the correct position of the Uruguayan government to defend Venezuela's membership of MERCOSUR and the transfer of the presidency of the regional bloc that brother country, are two positive elements. Beyond individual positions and public statements that we do not share the position of our government has been correct in the main, and this has decisively contributed to the pronouncements and actions of the Frente Amplio [Broad Front] and the popular movement, especially the PIT-CNT.