Despite having a strong allusion to Costa Rica in the 1900’s, the story “And We Sold the Rain” by Carman Naranjo and its critiques can also represent a wider theme in Latin American literature and history of this era.
The Magical Realist tone of this story uses imagery of a poor nation full of inequality and corruption to critique the fictional government in the story. The use of anonymity however intrigues me as it enables the reader to interpret the story as a wider critique of an economic and political cycle that Latin American countries seemed to have been trapped in at this time.
Based on our understanding of Costa Rica (as a base line) we observe a country that was corrupt, poor and underdeveloped due to poor leadership and political/economic institutions. Following WW2, we see the country begin to adopt increasingly capitalist policy. Along with this export businesses were thriving, and economic conditions were relatively stable. Here is where it seems things turn, and governments begin to nationalize enterprise, while people begin to demand social policies and welfare, slipping towards a socialist regime.
As the history we have so far been presented suggests, as these nations first turn towards capitalism, they begin to borrow at unsustainable levels, and more of this debt is being used to fund such social programs demanded by the people. At this point all it takes is one economic shock for this house of cards to topple.
This is where it seems we start off in the story “And We Sold The Rain”. A nation insolvent, and an economy unable to generate capital to meet its debt obligations. Here is where the cycle begins. As we see in the story, the government must enact strict austerity measures, symbolized sarcastically when the president suggests that the nation begin to tax the air, yet meanwhile social programs were cut, food was being rationed, and the currency was being devalued and incredible rates.
After embracing what is coined as economic “Shock Therapy” we see an economy that begins to restabilize. This concept has been coined by the works of economist Jeffery Sachs, who has advised governments transitioning out of communist era, and into democratic capitalism, and had done so with great success in countries such as Bolivia.
However as we can see today this cycle, in Costa Rica, has repeated. Where governments eager to appease to citizens, continue to borrow to fund socialist policies and social welfare programs, a substantial amount of debt has been accrued to the point that 42% of the nations GDP in 2021 will go towards interest and amortization of federal debt.
This, similarly to the period before this story is alluded to unfold, comes at a time of a global economic shock. Where in 1980 we saw an energy crisis, today we see a global pandemic.
Due to all of this, I read and interpret this story more so as a warning of this cycle. Rather than critique on capitalism, it seems as if socialism is the issue, although nice in theory, it is practically inefficient, leading to corruption and inequality rather than a world of prosperity and equals.