"What's happening is something completely new in the history of the hemisphere. Since the Spanish conquest the countries of Latin America have been pretty much separated from one another and oriented toward the imperial power....
For the first time, they are beginning to integrate and in quite a few different ways... Now they want to control their own resources. In fact, many don't even want their resources developed. Many don't see any particular point in having their culture and lifestyle destroyed so that people can sit in traffic jams in New York.
Furthermore, they are beginning to throw out the International Monetary Fund (IMF). In the past, the US could prevent unwelcome developments such as independence in Latin America, by violence; supporting military coups, subversion, invasion and so on. That doesn't work so well any more. The last time they tried in 2002 in Venezuela, the US had to back down because of enormous protests from Latin America, and of course the coup was overthrown from within. That's very new...
The IMF is essentially the US Treasury Department. It is the economic weapon that's alongside the military weapon for maintaining control. That's being dismantled.
All of this is happening against the background of very substantial popular movements, which, to the extent that they existed in the past, were crushed by violence, state terror, Operation Condor, one monstrosity after another. That weapon is no longer available..."
Noam Chomsky on the Hopeful Signs Across Latin America