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Monday, May 21

Financial Times Peru rivals promise new jobs: "Mr Toledo said his 'Peru Posible' party believed in a market economy with a 'human face' - a Third Way' philosophy. Mr García, head of the traditionally left-wing APRA party, declared himself a believer in a "social market economy" which observers take to mean his government would be more interventionist. He has already promised to force down utility bills, cut the cost of medicines and offer greater protection to workers by supporting the trades unions." One thing that surprised me is that Garcia proposed more university education when there are so many college graduates currently out of work. Sendero used to point out the Ph.Ds selling matchboxes in the local market as proof that education would not love the employment problem, only revolution.

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