Rodrigo Paz, a senator in Bolivia’s Christian Democratic Party who offers “capitalism for all” and a transition away from almost 20 years of authoritarian populism under the MAS party, recently won the presidental run-off election . Paz will take office in November. He defeated Jorge Quiroga, the free-market candidate who proposed an even more radical overhaul of the system.

For the last two decades, Bolivia has been dominated by two allies of Venezuela and Cuba: Evo Morales and Luis Arce. Given Venezuela’s crisis, the prospects of a defeat by Honduras’s pro-government candidate next month, and the unpopularity of Gustavo Petro in Colombia, where elections will take place next year, Bolivia’s result underlines the hemisphere’s weariness with 21 st -century socialism.

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