• Subscribe Now
  • Contact Us
  • Privacy Policy
  • About Us
tiktok
facebook
linkedin
rss
youtube
google_plus
email
Unido Digital Media, LLC
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • ESG
  • Economy
  • Law & Justice
  • Interview
  • Analysis
  • Events

Colombia Enters Yet Another Year with Hope for Progress — and an Entrenched Status Quo

Posted On January 6, 2024
By : Rupert Stebbings
Comment: Off
Tag: education, estrato 1, Gustavo Petro, Land, new year

Colombia has been home for a long time. Despite my aspirations for the country, what I’ve learned since 2005 is that Colombia will never “make it” — at least not in my lifetime.

It is a sad reality, driven largely by the ruling elite — who utterly dominate politics, business, federations, and the institutions — and who have little-to-no interest in changing the status quo. In the end, it suits them just the way it is.

Countless articles appear related to leveling up across genres and the economic divide. But most are lip service only. Federations propose a better life for all, but only if doesn’t impact the bottom line. Women’s forums constantly shake the tree for the ladies of Colombia, but in reality they are talking only about those who are already part of that same elite. As for the politicians, their level of ineptitude speaks for itself.

The Edelman Trust categorizes Colombia as one of only five countries that is “severely polarized.” With respect to the United States, Sweden, and Spain, their divisions are first-world problems, while South Africa is a more rational bed fellow.

Colombia doesn’t have a racial divide to overcome. It is 90% economic. A country where 1% own over 80% and that has arguably the best growing climate on planet earth — but has millions upon millions who cannot feed themselves three times a day. No one wants a communist manifesto, but decades of land theft needs to be reversed or that land needs to be productive. Currently just 13% of Colombia’s 32 million usabale hectares are being used. That is simply wrong.

Education, incredibly, is not a right in Colombia. That needs to change within the reform in 2024. A person’s capability to better themselves cannot depend on their bank balance. Colombia needs much more human talent if it is to thrive, but there are those who fear that. I have seen, first hand, classism when it comes to employing graduates in Colombia. This Dickensian thought process has to end.

President Gustavo Petro is no messiah — but neither is he the devil. He has done a better job on the economy than most expected and perhaps those most disappointed in him are the most needy who had such high hopes of reform. His error has been to try too much.

Again, the ruling elite in general understand the need for change. But only on their terms.

There are complaints about the green economy Petro is advancing but no complaints when corporations return from COP28 supporting the same ideas. Equally with Ecopetrol, the reality is that Colombia is a fading oil producer. It’s the way of the world — so why not take advantage of the largest reserves just over the border in Venezuela? If Duque or Uribe had advanced the idea they would have been anointed with savior status.

Those of us who have chosen to live in Colombia do so for a variety of reasons.

But the longer you live here the more frustrating it is to watch a first-world country dining at a third-world table.

Never miss Rupert’s latest commentary
Follow him now on LinkedIn to see What Jumps Out

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
Thank you for subscribing.
Something went wrong.
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Follow us on Youtube, Podcast & Social Media !!

Website | Subscribe
Video: YouTube Channel | YouTube Posts | YouTube Shorts
Podcasts: Apple | Audible | iHeart | Spotify | Podcast Addict | Spreaker | Deezer | Castbox | Podchaser
Social: Facebook | LinkedIn | Instagram
About the Author
Now CEO of Alma Air, London native Rupert Stebbings was a founding board member of Viva Air. Before joining the aviation industry, Stebbings spent 13 years at the BVC (Colombia’s stock exchange) opening Colombian equity markets to foreigners. Rupert's opinions are his own and not necessarily those of Finance Colombia.
  • google-share
Previous Story

Colombian Central Bank Cut Interest Rates But It Was Way Overdue (and Too Little Too Late?)

Next Story

What Jumps Out: Colombia Is Now Getting Into Gear in 2024

Related Posts

0

Inside Colombia’s New Government: Competent Technocrats or Far Right?

Posted On August 5, 2026
, By Jadin Samit Vergara
Meme-style image featuring a Colombian 20,000 peso banknote with the text
0

What Jumps Out: Dollar or Dolor?

Posted On August 4, 2026
, By Rupert Stebbings
Colombia's 2026 - 2030 Congress is sworn in. Outgoing President Gustavo Petro stands to the right of the Colombian flag, while outgoing Senate President Senator Lidio García stands to its left. Photo courtesy of the Senate of the Republic of Colombia.
0

Colombia’s Electoral Authority Certifies New Congress, Confirming Fragmented Legislature for 2026-2030 Term

Posted On July 31, 2026
, By Jadin Samit Vergara

Search Finance Colombia

Add FinanceColombia as a preferred source on Google

Watch this!

https://youtu.be/lIc5NnmSb94?si=IUOMJr7z8ZosHxsS

Listen to our Podcast

Follow us on Youtube, Podcast & Social Media !!

Website | Subscribe
Video: YouTube Channel | YouTube Posts | YouTube Shorts
Podcasts: Apple | Audible | iHeart | Spotify | Podcast Addict | Spreaker | Deezer | Castbox | Podchaser
Social: Facebook | LinkedIn | Instagram

Sign up for the Finance Colombia Newsletter

We promise to never share your email address!
don't forget to include "https://"
* = required field
Your Background / Function








Search

RSS Bilingual & Remote Jobs

  • Agenda Manager - Do you want to break into international business but nobody will give you a chance? - Remote
  • Sales Associate - Kingston, Jamaica
  • Asset Manager - Madrid, Spain
  • Coordinador/a de calidad para La Unión 1626483143.1 - La Unión, Antioquia, Colombia
  • Técnico/a de Calibración Junior - Barcelona, Spain
  • Digital Analyst - Barcelona, Spain
  • Analista Seguimiento Refacciones
  • Director/a de operaciones para hotel, restaurante y discoteca 1626320364.60 - Medellín, Medellin, Antioquia, Colombia
  • ADAS Test Driver - Mexico City, CDMX, Mexico
  • Desarrollador fullstack - Bogotá, Bogota, Colombia

Categories

Sign up for the Finance Colombia Newsletter

We promise to never share your email address!
don't forget to include "https://"
* = required field
Your Background / Function








RSS Empleobilingue.com

  • Director/a de operaciones para hotel, restaurante y discoteca 1626320364.60 - Medellín, Medellin, Antioquia, Colombia
  • Coordinador/a de calidad para La Unión 1626483143.1 - La Unión, Antioquia, Colombia
  • Desarrollador fullstack - Bogotá, Bogota, Colombia
  • Technical Analyst - Remote
  • PIM Administrator - Ecommerce - Remote (Bogotá, Bogota, Colombia)
  • Auxiliar de gestión humana y bienestar para Girardota 1626060072.28 - Girardota, Antioquia, Colombia
  • Marketing Strategist
  • Trainer Manager - Bogotá, Bogota, Colombia
  • Tolemaida UH- 60 Inspector - Bogotá, Bogota, Colombia
  • Virtual Assistant - Team Lead - Remote

Contact Us

  • Subscribe Now
  • Contact Us
  • Privacy Policy
  • About Us
Copyright 2014-2023 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
WhatsApp us