Neo‐extractivism, (de)growth and resurgent pink tide governments in Latin America

Abstract

AbstractThe 21st century in Latin America began with a widespread shift to the left politically, a phenomenon called the ‘pink tide’. Following a period of right‐wing re‐ascendancy, left wing governments are again gaining traction across the continent. This article analyses the end of the last pink tide via a dialogue between the post‐extractivism and degrowth literature by examining Bolivia, Ecuador, and Brazil. This is done through a look at the impacts of both economic growth as a normative policy aim and extractivism as the engine to produce this growth on political developments in these countries. In the tradition of Gramsci this is interpreted as a hegemonic force, recast here as growth‐through‐extraction, that serves to perpetuate the interests of wealthy classes despite political changes. This article concludes with a brief analysis of how academic debates and political processes have moved on since Escobar 2015 and what this might mean for the new left‐wing governments of Latin America.