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Peru - Elite Power and Political Capture (Paperback)
Loot Price: R799
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Peru - Elite Power and Political Capture (Paperback)
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While leftist governments have been elected across Latin America,
this 'Pink Tide' has so far failed to reach Peru. Instead, the
corporate elite remains firmly entrenched, and the left continues
to be marginalised. Peru therefore represents a particularly stark
example of 'state capture', in which an extreme concentration of
wealth in the hands of a few corporations and pro-market
technocrats has resulted in a monopoly on political power. Post the
2016 elections, John Crabtree and Francisco Durand look at the ways
in which these elites have been able to consolidate their position
at the expense of genuine democracy, with a particular focus on the
role of mining and other extractive industries, where extensive
privatization and deregulation has contributed to extreme
disparities in wealth and power. In the process, Crabtree and
Durand provide a unique case study of state development, by
revealing the mechanisms used by elites to dominate political
discussion and marginalize their opponents, as well as the role
played by external actors such as international financial
institutions and foreign investors. The significance of Crabtree's
findings therefore extends far beyond Peru, and illuminates the
wider issue of why mineral-rich countries so often struggle to
attain meaningful democracy.
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