I'm John Batchel with my good colleague, Ernest Rouss, former Foreign Minister of the Republic of Brazil,

and an item in the Law, the Financial Times, London, puzzled me at first, but then again, here we have it.

The one region where the traditional right is on the rise. I read it. I thought, what?

Latin America? Subhead. In Latin America, the pink tide is running out and offering global capital new hope. Ernesto, not only is this a surprising headline to me, but we've been documenting for several years now the drift of the continent towards the left

center called the Pink Tide.

That's what it was called.

And yet, at some point in the last year or so, it stopped or it's been reversed.

I thought by personalities such as Gustavo Petro, a very big disappointment

in Bogota, or Lula de Silva all of a sudden backing away from his compadre, Nicholas Maduro,

or the contest to Javier Malay to win the Buenos Aires presidency coming under strain because people doubted

his ability to solve the economy. Or Amlo naming his successor, presuming that Moreno would be

dominant story in Mexico City. However, all of that is now in question. There's something called

the Sao Palo Forum.

You've talked about it to me over the years,

where everybody agreed they were going to go left of center.

What's happening?

All of a sudden, the FT says it's that the Sao Paulo Forum has stopped winning elections.

Yes, that's very interesting what's happening.

It's one more chapter in that long story of the left, trying to get hold of Latin

America after the fall of the Soviet Union in order to replace, let's say, the socialist

bloc in Latin America.

So, yeah, at first they tried to do that through selling the idea that you need socialist

...