James Bosworth

Geopolitical and business risk analyst specializing in Latin America

Claims

As speaker

Mentioned in

Key positions and views

A second Trump administration would radically reorient U.S. foreign policy towards the Western Hemisphere, employing aggressive economic tactics like tariffs and Section 301 investigations against allies like Brazil.

Authoritarian 'mano dura' security policies, like Nayib Bukele's in El Salvador, can successfully reduce crime but ultimately fail to attract foreign investment due to the erosion of the rule of law.

Economic stability in Latin America is fragile and highly susceptible to both domestic political shifts, such as the fear of Peronism returning in Argentina, and external geopolitical shocks.

The Venezuelan regime, specifically figures like Delcy Rodriguez, is a kleptocracy involved in large-scale corruption and drug trafficking.

Chinese-led infrastructure investments in the region suffer from significant quality control issues, exemplified by a cracked dam built in Ecuador.

Podcast consensus on Bosworth

Points of consensus

▶Bosworth consistently uses hypothetical scenarios involving a second Trump administration to analyze potential shifts in U.S. policy towards Latin America, including trade actions against Brazil and a potential intervention in Venezuela.Apr 2026

▶He repeatedly emphasizes the direct link between political leadership and economic outcomes, citing Javier Milei's impact on inflation in Argentina and Nayib Bukele's chilling effect on foreign investment in El Salvador.Apr 2026

▶He portrays the Venezuelan regime, particularly figures like Delcy Rodriguez, as a fundamentally corrupt and criminal enterprise engaged in theft and drug trafficking.Apr 2026

▶He highlights the significant societal impact of specific national policies, such as Brazil's widely adopted PIX payment system and El Salvador's 'mano dura' security strategy that resulted in mass arrests.

Points of debate

▶Bosworth presents a core tension between security and economic prosperity, noting that El Salvador's improved public safety has not translated into investor confidence due to concerns over the rule of law.Apr 2026

▶He outlines competing U.S. policy approaches to Venezuela, contrasting Senator Marco Rubio's structured three-stage plan with a more aggressive hypothetical intervention where the U.S. directly controls oil revenues.Apr 2026

▶He speculates on a highly counter-intuitive alignment between a potential second Trump administration and Cuba, a position that challenges traditional geopolitical assumptions about the relationship.Apr 2026

▶He contrasts the high, stable approval ratings of leaders like Mexico's Claudia Sheinbaum with the potential for rapid declines in popularity for others like Argentina's Javier Milei, highlighting the volatility of public support.Apr 2026

Key themes

▶A Hypothetical Second Trump Term's Impact on Latin AmericaApr 2026

Bosworth extensively game-plans a second Trump administration, envisioning a dramatic U.S. foreign policy pivot to the Western Hemisphere. This includes aggressive trade actions like tariffs and Section 301 investigations against allies like Brazil, a potential military intervention in Venezuela, and a surprising alignment with Cuba.

Investors and analysts should prepare for increased regional volatility and a U.S. foreign policy that prioritizes unilateral economic leverage and hemispheric dominance over traditional diplomatic norms.

▶The Fragility of Economic ProgressApr 2026

Bosworth highlights how economic gains in countries like Argentina are tenuous. He points to President Milei's success in drastically reducing inflation but warns that external shocks, like a crisis in the Strait of Hormuz, or domestic political risks, such as investor fear of Peronism's return, could easily reverse this progress.

Economic data alone is insufficient for risk assessment in the region; political sentiment and external geopolitical factors are critical drivers of market stability and investor confidence.

▶Authoritarianism vs. Investor ConfidenceApr 2026

Using El Salvador as a case study, Bosworth argues that even successful crackdowns on crime do not guarantee economic prosperity. He states that President Bukele's 'mano dura' approach has improved security but eroded trust in the rule of law, deterring crucial foreign direct investment.

For long-term investment, a stable and predictable legal framework is more valuable to investors than short-term security gains achieved through extra-judicial means.

▶Venezuelan Kleptocracy and U.S. PolicyApr 2026

Bosworth portrays the Venezuelan regime, particularly Delcy Rodriguez, as a criminal enterprise engaged in massive theft and drug trafficking. He discusses U.S. policy options ranging from a structured plan for stabilization and recovery to a hypothetical intervention where the U.S. controls the country's oil sales.

Any engagement with Venezuela requires acknowledging the criminal nature of its leadership, making traditional state-to-state diplomacy complex and posing significant compliance risks for businesses.

Source episodes

Timeline

Hypothetical Start of Term

In a hypothetical second Trump administration, U.S. foreign policy pivots to focus on the Western Hemisphere, a shift highlighted by the 'Shield of the Americas Conference'.

Hypothetical Economic Actions

The administration imposes tariffs on Brazil and launches a Section 301 investigation into its PIX financial transfer system.

Hypothetical Intervention Scenario

The U.S. intervenes to remove Nicolas Maduro from power in Venezuela, an operation Bosworth claims would be supported by Latin American citizens according to a poll.

Hypothetical Post-Intervention Governance

Following the intervention, the U.S. government controls the sale of Venezuelan oil, routing transactions through U.S. banks and providing a monthly payment to a government led by Delcy Rodriguez.

Hypothetical First 12 Months

Bosworth predicts a 70-80% probability that Cuba aligns with the Trump administration within the first year of this hypothetical term.

Suggested prompts

How does Bosworth's analysis of a potential Trump-Cuba alignment reconcile with decades of U.S. policy and the political influence of the Cuban-American lobby? &nearr;What are the potential second-order effects on regional stability if the U.S. were to launch a Section 301 investigation into Brazil's PIX system, as Bosworth speculates? &nearr;Beyond the rule of law, what other factors might be deterring foreign investment in El Salvador despite its dramatic improvements in public security? &nearr;Bosworth contrasts the high approval ratings of Mexico's Sheinbaum with the potential for sharp drops for Argentina's Milei; what underlying factors account for this difference in public sentiment and political capital? &nearr;

Key concepts

Trump's Foreign Policy 1 ep Venezuela Policy 1 ep Argentinian Economy 1 ep El Salvador Security 1 ep Brazil's Economy & Tech 1 ep Mexican Politics 1 ep Investor Risk 1 ep Chinese Investment 1 ep Cuban Alignment 1 ep

Notable quotes

“So I would say odds that Cuba finds itself aligned with the Trump administration, which is a little different than regime change, are close to 70 to 80 percent right this moment, within the next 12 months.”

James Bosworth · James Bosworth on the "Orange Wave" Happening Across Latin America | Odd Lots

“It's led to the arrest of 2% of the adult population.”

James Bosworth · James Bosworth on the "Orange Wave" Happening Across Latin America | Odd Lots

“There's a Section 301 investigation on PICS, which is one of the most innovative financial transfer systems in the world that the Brazil's central bank runs.”

James Bosworth · James Bosworth on the "Orange Wave" Happening Across Latin America | Odd Lots

“when he came into office, inflation was 200 percent and now inflation is down to 30 to 35 percent at the moment.”

James Bosworth · James Bosworth on the "Orange Wave" Happening Across Latin America | Odd Lots

Report last updated: Apr 28, 2026

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