Post-neoliberalism

Post-neoliberalism is a term used to describe ideals that go against the Washington Consensus and neoliberalism. The movement is particularly strong in Latin America, where the left-wing Pink Tide has had an influence on politics in the region. According to Roger Merino examples of Post-neoliberal governments include the government of Evo Morales in Bolivia and the government of Rafael Correa in Ecuador. In the economic arena, the ideology advocates for the nationalization of numerous industries, and for the redistribution of wealth.

The idea of post-neoliberalism arose during the Pink Tide, where left-wing Latin American critics of neoliberalism like Hugo Chavez and Evo Morales were thrust into power in the 1990s and 2000s. While the ideas of post-neoliberalism aren't unique to Latin America, they are largely associated with the region.

According to researchers, the election of Hugo Chavez as President of Venezuela in 1999 marked a definite start of the Pink Tide and post-neoliberal movement. Since then, Evo Morales, Néstor Kirchner, Rafael Correa, and numerous other leaders associated with the post-neoliberal movement were elected in Latin America.

Post neoliberalism seeks to fundamentally change the role of the state in countries where the Washington Consensus once prevailed. To do this, many post-neoliberal leaders advocate for the nationalization of multiple industries, most notably the oil and gas industries and mining industries. Post-neoliberalism also advocates for the implementation of more numerous welfare benefits and more government action towards reducing poverty. Post neo-liberalism advocates for more state intervention in the economy, as seen in countries like Venezuela and Bolivia.

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