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The US once enjoyed near-hegemony over Latin America, a position initially enshrined by the 1823 Monroe Doctrine and, in modern times, the so-called 'Washington Consensus'.

George Osborne, the Chancellor, had painted a lachrymose picture of the 'shift-worker, leaving home in the dark hours of the morning, who looks up at the closed blinds of their next-door neighbour sleeping off a life on benefits'

With the stage set for a generational struggle in defence of an increasingly besieged free-market capitalism, the Mont Pèlerin Society was born.