In Latin America, militaries have largely shed their role as interventionists. Instead, popular politics are becoming stronger as democracy joins with a politically active middle class. Elections favor catering toward the short-term demands of constituents, which inevitably leads to a lower priority for infrastructure development, education, and other long-term initiatives. History, however, has shown that populism is not economically sustainable and leads to a return of authoritarianism.
Full article by Nathan Gardels is available here.