When the “pink tide” of left-leaning governments first rose to power on the back of anti-neoliberal protests across Latin America in the late 1990s and early 2000s, the initial reaction from the Left was euphoric. Striving to move beyond the “there is no alternative” mantra, many pinned their hopes on what seemed to be a new wave of actually existing alternatives to neoliberalism.
Amidst the revolutionary fervor of social forums, solidarity alliances, and peoples’ councils, it appeared an epochal shift was underway, which Ecuadorian president Rafael Correa optimistically dubbed “a genuine change in the times.”
But in retrospect, the 2005 political mobilizations that led to the defeat of the Free Trade Area of the Americas (FTAA) may have been the high point of the pink tide project. Since then, the balance of power has slowly shifted back towards the Right, with the popularity and efficacy of left-wing governments rapidly diminishing.