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TBL Thinks: Latin America's Moving to the Right

Chandni Bhatia and Nik Bhatia

Dec 16

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Dear Readers,

It’s Thinking Time! Buckle up for a quick recap of global events. This week we cover Chile and Bolivia’s move to the right, not unlike their neighbor Argentina. All three have signaled strong desire to bolster trade with the US and are emerging as US allies in a region long reliant on China and socialism.

TBL Thinks is our way to summarize the most important paywalled, longer reads relevant to global macroeconomics, helping you cut through the noise. With that in mind, please enjoy.

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To The Right, To The Right, To The Right

If it’s wrong to be right, don’t tell Chile. The country just elected its most right-winged president in decades in one of the most lopsided presidential victories since Chile’s return to democracy, writes the WSJ. The president elect, José Antonio Kast, campaigned on the promise to crack down on crime and illegal immigration (mainly Venezuelans fleeing the country), and pledged to bring change to Chile by boosting economic growth and improving security in his victory speech. Kast is set to take helm of the world’s top producer of copper and second biggest producer of lithium in March 2026. The article quotes Jennifer Pribble, a political scientist and Latin America expert at the University of Richmond, as saying “it bodes well for the bolstering of this kind of right-wing network through the Americas,” adding that “Trump’s next natural ally will be Kast in Chile.”...

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