Particularly in Latin America, reality is catching up with the "nice" socialist political dreams, and things are getting really bad:
http://www.zerohedge.com/news/2014-01-24/20-early-warning-signs-we-are-approaching-global-economic-meltdown
The biggest lesson is not what is happening (because it was expectable, and even inevitable, and the signs were clear to everyone paying attention).
The lesson here is that these things tend to start evolving slowly and then, suddenly, they degrade EXTREMELY fast.
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