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Petro, who is praised by his friends for his “solid Marxist foundation,” plans to ban all exploration of oil, Colombia’s main export, to expropriate the nearly $100 billion that are now saved in individual, private pension accounts, and to print money to pay for public spending...

What can observers take from events in Peru? And what takeaways are relevant for Colombia’s upcoming 2022 elections, and for economic and civil liberty more broadly in the Americas? Daniel Raisbeck has some prescient observations.