"Despite powerful mobilizations that brought them to power, the progressive administrations in Argentina, Bolivia, Ecuador, and Venezuela discovered that structural constraints closed off the possibilities for systemic change. Two decades of neoliberalism had so transformed the class structure of these countries that the social base of governments, while militant, had little economic leverage against capital. Backed primarily by workers in the informal economy and marginalized communities, left-wing governments simply lacked the leverage to challenge ruling classes."
January 1, 1970
https://en.wikiquote.org/wiki/Neoliberalism