All bets are off on how the Obama presidency will adapt to the new Latin American "political-ideological profile", as Lula put it, and that includes, of course, expanded diplomatic, economic and military ties with China, Russia and Iran. That means Russian warships - including a nuclear cruiser - in joint naval exercises with Venezuela, a first since the Cold War; Chinese President Hu Jintao signing a free-trade agreement with Peru; Lula inviting Iranian President Mahmud Ahmadinejad for a state visit; and Ecuador's President Rafael Correa refusing to renew the lease on the US's Manta base, defended by the Bush administration as a critical platform for the "war on drugs" - an assumption widely ridiculed all over South America.
Chavez has bought $4.4 billion in weapons from Russia after the Bush administration blocked sales of aircraft parts to Venezuela. Brazil and France signed a deal for four nuclear submarines to patrol Brazil's rich Atlantic oil basins. China, and not the US, is now Chile's biggest copper export market; a true New Copper Road, sea lane rather, is now on from the southern Pacific to East Asia.
China is Cuba's second-largest trading partner (after Venezuela), with annual bilateral trade at over US$2.6 billion. China has pledged $10 billion in loans to Brazil's oil giant Petrobras to develop the Western hemisphere's largest oil discovery since 1976. And by 2012, Caracas will be selling 1 million barrels of oil a day to Beijing. No wonder Chinese President Hu Jintao declared at the Asia-Pacific Economic Cooperation summit in Peru that "China and South America have already become extremely good friends and partners".
Julia Sweig, director of the Latin America program at the Council of Foreign Relations, sums it all up, "Monroe certainly would be rolling over in his grave."