For those FTAA watchers out there, Andreas Oppenheimer offers an interesting read of Brazil v. Mexico in the battle to lead Latin America. With Lula more in tune with the left turn south of the border than former Coca-Cola man Vincente Fox, few countries in South America are likely to look to Mexico City for leadership. Central America is under the US thumb, but it always has been. The real story is whether Brazil can organize like-minded governments in the region and drive hard bargins on agriculture, pharmaceuticals and the like. Perhaps the whole FTAA could die in the cradle -- a funeral worth attending.
Deflation, disorder, development (and its demise), democracy (ditto) and dystopia.