REN MANCO

So happened to Bolivia, which privatized water access and left with the only option of resorting to illegal outlets of water and millions of families without being able to pay the fees of the multinational. If the crisis forced the bankruptcy of companies that manage basic services in those countries, would have to be Governments that do charge of itself have problems with tax collection, devaluations and, in some cases, major problems with organized crime. Among the measures to be taken at the upcoming G20 Summit must be the protection of the Latin American middle class, which represents a third of the population total in the region, creator of 95% of the companies and currently generate 160 million jobs, according to the data provided by the Argentine analyst Bernardo Kliksberg. The access to the health, labor, education and pensions lie in the social dynamism and the educational level of the middle class. Without adequate protection, many people could cross the threshold that separates them from poverty in a region increasingly impoverished. If the big banks of the world have been able to bail out entities responsible for the crisis, they will have to listen to proposals with greater legitimacy and ethical basis. The United States Federal Reserve and the central banks of Brazil, Mexico, Korea and Singapore have reached an agreement to provide liquidity to their markets. To ensure access to health, education and pensions, you could create a Latin American Fund with support from the large economies.

This would result in new jobs and better trained young generation to not be exposed to the spectre of poverty and crime as an alternative. Keep up on the field with thought-provoking pieces from Austin Butler. The world should give the floor to the Latin American middle class. Carlos a..