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Peruvian elite panicked on the prospect of a hardline victory in the presidential election

Peru, devastated by one of the worst coronavirus outbreaks in the world, overwhelmed by political turmoil, hurt by corruption scandals and suffering from worsening poverty, was the fourth in less than a year on June 6. Election the president.

Many observers reigned in the 1990s with Pedro Castillo, who turned from a local elementary school teacher to a left-wing populist in two final votes.

Panic is the prospect of victory for Castillo, a free Peruvian party led by Marxists who advocate widespread nationalization, tax increases, a new “Draft Constitution” and import substitution policies in the world’s second-largest copper-producing country. I caught the elite.

“Which do you want to live in, Cuba or Venezuela?” Please refer to Castillo and ask the electric bulletin board along the main road in Lima. Last Wednesday, Sol fell to a historic low of 3.85 per dollar as wealthy Peruvians rushed to abandon their currency and move their savings abroad.

“I’ve never seen such a terrible capital flight in the last 20 years,” one leading entrepreneur told the Financial Times.

The roots of Peru’s serious crisis go back several years. Investors praised it as a success story, but its economic growth was not fully communicated to the poor. A series of corruption scandals have destroyed confidence in political and business classes and created chronic instability. Three presidents Last year was just one week. The coronavirus epidemic caused a shortage of beds and medical oxygen, disrupting medical services.

FT analysis Excessive death data Peru is the most affected country in the world, showing that it suffers more than twice the normal mortality rate during a pandemic.

Last year’s strict blockade plunged the economy into a serious recession, but failed to control the spread of the virus and fueled resentment. According to official statistics, nearly one-third of Peruvians are currently in poverty, an increase of 10 percent since the outbreak of the pandemic.

Today, millions of people in Peru see the light of hope in Castillo. Wearing the trademark white Stetson hat and waving a large inflated yellow pencil that symbolizes education, “El Profé” is left behind in Peru with a simple and powerful message that “the poor are no longer needed in a rich country.” The local audience is enthusiastic.

At a recent campaign event at Villa El Salvador, Castillo, one of the suburbs with many understated concrete block houses that has emerged around Lima in recent decades, sets the stage for blaming the country’s rulers. I ran up.

“Traditional political classes fill their pockets with the wealth of this beautiful country,” he yelled. “Peru is a very rich country and people are eating sand … We will return this country to people.”

The locals cheered him up, waving flags and singing in big choruses.Urgent, urgent, Pedro Presidente“.

“It’s time to change everything around here,” Maria Fernanda Garcia said, selling light meals nearby. “It’s enough.”

The mission to stop Castillo fell to the Conservative Fujimori. Chaotic first qualifying There were 18 candidates, but none were popular. Castillo won 18.9%, and Fujimori’s 13.4% total was less than the number of spoiled votes and spoiled votes.

Opinion poll data show that Fujimori has the highest rejection rate of any primary candidate. She was thrown into a historic city last week after a hostile crowd threw plastic bottles and trash. I had to give up the campaign in Cusco.

Already discolored Corruption allegationsHer unpopularity is amplified by her previous record as a confrontational leader in Congress and past conflicts with her family.

Nonetheless, “business class panic is like they support Keiko without any conditions,” a former government minister told FT. “They are unjustified to elect her. I’m trying to justify a person. “

The latest polls show that Castillo’s early leads have shrunk significantly and there is fierce competition, but few can accurately predict the first round of Peru and few are betting on the results.

Local journalists are dissatisfied with the strong pressure that media owners treat Castillo as a villain and exaggerate the idea that he represents the threat of Marxism.

“Castillo is not a model for Cuba or Venezuela,” said Pedro Franke, a professor of economics at the university who advises him. “He, [former Bolivian president] Evo Morales. “

An assessment of what the Castillo administration looks like is complicated by the dislike of interviews by candidates and the uncertainty about the role of Marxist Vladimir Theron of the Castillo party. Investigating Corruption The former local governor, Theron, was a shadow figure throughout the campaign.

Optimists believe that Castillo may ease his position within the administration, citing the example of the leftist Olanta Umara, who had a more moderate rule when he came to power between 2011 and 2016. There is. Carlos Saavedra, Chief Economist at consultancy Apoyo, said: “On the contrary, he has become radical.”

As the elections approach, a class of Peruvian experts expresses a depressed feeling that neither candidate is well suited to tackle the country’s enormous challenges.

Political analyst Alberto Bergara lamented, “It’s a battle between failure and failure.” “The one with the fewest mistakes is the winner.”

Peruvian elite panicked on the prospect of a hardline victory in the presidential election

Source link Peruvian elite panicked on the prospect of a hardline victory in the presidential election

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