Abstract

Traditionally the mode of development of the Latin American economies has been structured around the production of raw materials and oriented toward satisfying the demands of the foreign market and the interests of the bourgeoisie. Concomitant with this was high concentration of income, large foreign debt, inflation, and military dictatorship. Permanent economic, political, and social crisis is therefore characteristic of the great majority of the countries of the continent; and in its wake, poverty, super-exploitation, and repression.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

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