Title: Populism in Latin America - Wikipedia
Headings: Populism in Latin America
Populism in Latin America
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Contents
Inequality
Populist socialism
References
Sources and further reading

Content: In some countries, Populism has been fiscally supported in Latin America during periods of growth such as the 1950s and 1960s and during commodity price booms such as in oil and precious metals. Political leaders could gather followers among the popular classes with broad redistributive programs during these boom times. Conversely, in others countries, Populism has been historically associated with countering the relative decline of export agriculture with deficit spending and import-substitution policies aimed at developing an internal market for industrial consumer goods. Populism in Latin America has been sometimes criticized for the fiscal policies of many of its leaders, but has also been defended for having allowed historically weak states to alleviate disorder and achieve a tolerable degree of stability while initiating large-scale industrialization. Though populist fiscal and monetary policies, called macroeconomic populism, has been criticized by economists, who see in it the ultimately dysfunctional subordination of economic policy to political goals, some authors acknowledge populism to have allowed non-radical leaders and parties to co-opt the radical ideas of the masses so as to redirect them in a non-revolutionary direction. It's generally regarded that populists hope "to reform the system, not to overthrow it". Often adapting a nationalist vocabulary and rhetorically convincing manner, populism was used to appeal to broad masses while remaining ideologically ambivalent. Notwithstanding, there have been notable exceptions. 21st-century Latin-American populist leaders have had a decidedly—even if mostly rhetorical —socialist bent. When populists take strong positions on economic philosophies such as capitalism versus socialism, the position sparks strong emotional responses regarding how best to manage the nation's current and future social and economic position.