In any case, what is happening is a capitalist revolution, especially in the south, unfolding
rapidly under a regime that continues to spout Marxist rhetoric and that has, so far successfully, curbed any moves toward democracy.
Under the current monetary
regime, major upward trends in interest rates are not driven by the desire to consume more in the present (the desire to save less) or by
rapidly - increasing demand for borrowed money to invest in productive enterprises.