Nicaragua prospers former guerrilla leader

These are bleak times for Latin American populists. Bolivian President Evo Morales recently lost his bid to change the constitution to hold on to power indefinitely. Rafael Correa of Ecuador has grown increasingly belligerent, and Venezuela’s President Nicolas Maduro seems bent on driving South America's onetime fourth largest economy into the depths of the Orinoco.

They should take a cue from Daniel Ortega. The one-time Nicaraguan guerrilla leader, who helped topple a dictator.

Source: Bloomberg