The Bitcoin experiment has all but failed. But that hasn’t dented his prospects of victory.
The reason: A majority of Salvadorans feel safer than they have in years. Under Bukele’s authoritarian rule, the homicide rate has officially decreased, many street vendors no longer pay a gang tax, and taxi drivers aren’t as worried about hijackings or assault. And that has led to Bukele’s widespread popularity across the country. In an early January 2024 poll, the incumbent was ahead by 71%. He is, in other words, a shoo-in.
So when Salvadorans cast their votes, they’ll be faced with the question: Is the short-term security Bukele is offering worth the serious backslide on democracy taking place in El Salvador?
Presidential abuse of power
Bukele’s rollback of democratic norms has been relentless. As soon as his political party Nuevas Ideas won a supermajority in the legislature, he purged the Supreme Court of five justices and removed the attorney general, actions that have allowed him to reinterpret articles of the Salvadoran Constitution that ban him from running in this election.
There are, in fact, six articles of the constitution prohibiting presidents from serving a second consecutive term in office. Bukele specifically took aim at Article 152, which stipulates that presidents can’t seek immediate reelection if they served in the previous term for more than six months.
Bukele was elected following two presidents representing the Farabundo Martí National Liberation Front, or FMLN, a former rebel group that’s now a recognized political party. Like Bukele, both of these presidents tried for years to negotiate with gangs while cracking down on them, providing perks for incarcerated gang members in exchange for state input about how and where gang violence transpired. Neither was successful.
There is little doubt who will win the El Salvador presidential election when voters go to the polls on Feb. 4, 2024.
The Bitcoin experiment has all but failed. But that hasn’t dented his prospects of victory.
The reason: A majority of Salvadorans feel safer than they have in years. Under Bukele’s authoritarian rule, the homicide rate has officially decreased, many street vendors no longer pay a gang tax, and taxi drivers aren’t as worried about hijackings or assault. And that has led to Bukele’s widespread popularity across the country. In an early January 2024 poll, the incumbent was ahead by 71%. He is, in other words, a shoo-in.
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