The ruling elite have decided that Latin America is going in a bad way.

The rise of authoritarianism was under way before the pandemic hit last year, and it’s unlikely to recede after the virus wanes.
Latin America suffers from too much government. Taxation, regulation, weak property rights and corruption conspire against entrepreneurship and self-discovery.

For an audience with several libertarians and anti-socialists present, Moro was quick to clarify that his Podemos label follows Obama’s “yes we can” slogan, not the Spanish socialists...
Despite his respect and preference for Sergio Moro, when Vargas Llosa spoke about Brazil, he presented the probable second-round election as being between Bolsonaro, whom he considers a clown, and Lula, whom he considers a dangerous thief...
the Nobel laureate endorsed Keiko Fujimori, the daughter of his “favorite” villain, former president Alberto Fujimori (still alive but in prison due to corruption and human rights abuses). In the final election, and with a contested result, Castillo edged Fujimori in the final vote (by less than half of a percentage point).

So why is the Left winning in Latin America, but failing in the U.S.? Because there is a critical difference.

Now, after years spent championing the cause of women and minorities, Latin American leftists have veered to the right on social issues, leaning into traditionally conservative positions on gender equality, abortion access, LGBTQ rights, immigration, and the environment. The left’s conservative turn leaves marginalized communities bereft of their traditional political allies and jeopardizes freedom and safety. And if an economically populist yet socially conservative platform continues to prove a winning electoral formula, as it did earlier this month in Peru, regionwide poverty relief may ultimately come at the cost of individual rights.