Maduro’s removal seems to constitute a structural break, but not an imminent regime collapse. Power remains concentrated among regime-adjacent elites and the armed forces, making elite cohesion, rather than popular legitimacy, the primary determinant of short-term stability.

José Antonio Kast was elected president of Chile. His victory deepens ideological polarization across Latin America, reinforcing a left–right divide and challenging Brazil’s ambition to consolidate regional leadership amid shifting political alignments.

Javier Milei’s unexpected national victory reshapes Argentina’s political landscape, granting the Libertarians greater congressional power and signaling a regional rise of right-wing populism.