In light of Peru's election, let me explain the significance of Fujimorismo, as someone who lived in Peru for years and had a family and business in Peru 🇵🇪 Here's the basics 👇 Peru in 1989 was a disaster. Hyperinflation, economic collapse (no oil, plus brutal Shining Path guerrillas) 💀 Statist policies had wrecked the country. The Leader of Peru, Alberto Fujimori, crushed the insurgency, stabilized security, ditched failed socialism for market reforms/privatizations, and kicked off Peru’s boom 💰 Fujimori also did direct aid/patronage for the rural poor (food, appliances). Effective in a corrupt system, aka old-school vote buying. Poverty plunged, Lima became a regional hotspot. Many voters say: “Change started in 1990.” BUT he was authoritarian (dissolved Congress, controlled courts), authorized killings, embezzled millions, and ran forced sterilizations. He was a dictator who did a lot of bad things but helped stabilize the country 💯 The man ultimately was sent to prison afterwards and died after being released Now we have his daughter, Keiko Her party dominated Congress. Supporters saw her as continuing dad’s legacy of results over purity. Opponents of her would say: “Never again.” She ran for and lost the Presidential election 3 times in Peru with 48 to 49% of the vote Given how unstable Peruvian politics is, some of those who beat her in past elections were ousted from power not long after Now Keiko took her 4th shot at running for the Presidency 🔥 It's a tight election. 50-50, with most analysts predicting she'll win narrowly due to the votes from Peruvians living abroad There's of course way more that could be said but those are the basics If she really does win, it'll be a continuation of a trend we're currently seeing: Latin America leaning Right for the moment 🌎