Colombian leader: Gustavo Petro meeting voters. Facebook

‘The US is ruining all economies’

For decades, Colombia was one of the US's most important allies and the only NATO partner country in Latin America. But in South America, too, the political tide is turning. In June, the country received its first left-wing president, Gustavo Petro.

Published: November 10, 2022, 5:58 am

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    Petro has given a sensational speech in which he fundamentally criticized the US, signalling a new direction for Colombia. The US is bankrupting almost all economies worldwide, said Petro, addressing the population.

    Just as leading politicians everywhere have been doing, he was preparing citizens for difficult times. An approaching unavoidable recession is expected in Colombia too and “severe economic and social storm clouds” are gathering over the country.

    This is a global phenomenon, he said. “Our currencies are all falling, not just the Colombian peso.” He said it was mainly due to the selfish economic and financial policies of the US. In his speech, Petro then presented a number of countries that had already been hit by the consequences, expressly referring to “great economic powers like Germany”.

    “The United States is ruining practically all economies in the world, the German economy is destroyed, the Russians, the Ukrainians, the Europeans have primarily unleashed a war on their own continent, which is a war over gas and energy.”

    The Colombian head of state went on to say: “And as a result of this war, the European economy is collapsing. Mighty Germany is falling into recession and, who would have thought it, England, the former colonial power, the British Empire, is sinking into a deep economic crisis. In Spain, people are rising up in every city, in France and the United States, they are making decisions to protect themselves, sometimes without thinking about what their actions will do, and the economies of Latin American countries are being drained.”

    In conclusion, Petro stated: “We are subject to power interests that do not have the well-being of ordinary employees in mind, but rather the owner of the global financial system.” In recent months, Russian President Putin has repeatedly leveled similar accusations at the United States. Observers point out that Colombia has also recently expressed an interest in joining the BRICS group, which currently includes Brazil, Russia, India, China and South Africa.

    This week, Algeria filed an official application to join the BRICS. The BRICS alliance, which already accounts for more than 40 percent of the world’s population, is expected to also include Saudi Arabia, Turkey, Egypt, Iran and Afghanistan.

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