focused mainly on Venezuela:
http://www.venezuelanalysis.com/articles.php?sec=bphttp://www.venezuelanalysis.com is a superb source of info on Venezuela in general. I have not found a similar source of independent/alternative news & comment on Peru or So. America in general. But venezuelanalysis.com gives you a good sense of what's going on in So. America.
The Bolivarian Revolution appears to be what's behind this amazing transformation in South America, where virtually the entire map of the subcontinent has gone "blue" over the last several years--with the election of leftist governments in Brazil, Argentina, Chile, Uruguay, Venezuela and now Bolivia. Probably the main key to it is honest, transparent elections, heavily monitored by the OAS, EU groups and the Carter Center. (It's amazing what you can do if you have the right to vote!)
Another element is the coming to power of Latin America's vast poor population, mostly indigenous, who have for so long been cruelly exploited by their own rich elites in collusion with US-based global corporate predators and others. In Bolivia, for instance, the electoral revolution (election of Evo Morales) was driven by a peoples' revolt against Bechtel, which had somehow gained control over Bolivia's water supply and then started charging peasants for collecting RAINWATER. Bechtel was thrown out of Bolivia! And in the recent election (Dec '05) Bolivians overwhelmingly elected as president a man--Evo Morales--who campaigned with a wreath of pure coca leaves around his neck, vowed to end the murderous US-backed "war on drugs," and stated that, "I am the United States' worst nightmare." Evo is peasant stock himself, raised in the mountains by coca leaf growers, and has an 8th grade education, but at the same time is extremely intelligent and sophisticated, like Hugo Chavez.
A rejection of US corporate mono-culture; emphasis on local indigenous music and art, and developing it as a MARKET, empowerment of local communities; it is nationalist to some extent (pride in country) but not in the sense of rivaling other So. American countries--the So. American countries are instead BANDING TOGETHER in regional political and economic alliances. They have been very influential at the WTO in 3rd world solidarity against the big economic powers. and it's all based on empowerment of the poor at the local level.
A mix of business/trade, economic smarts and socialism--use of the country's resources to help the poor, never before served by government. In Venezuela, for instance, use of some of the oil revenues for schools, medical clinics, community centers and startup money for small businesses (with the view to diversification--the oil can't last forever). Also land reform. PEACEFUL, DEMOCRATIC reforms aimed at equity and fairness--not confiscation or "a war on the rich."
Casting off US/Euro domination, exploitation and colonial oppression, once and for all. No more "banana republics." The irony is that the US is now the "banana republic" with the people of the US greatly oppressed by the US-based corporations and war profiteers spawned on our shores, based on our resources, labor and ingenuity, and for so long oppressing the people in other countries. Now they are draining US dry, looting our economy gouging us on energy, writing our laws, deregulating themselves, rigging our elections, manufacturing boondoggle wars, monopolizing our public airwaves, and on and on. This is why Hugo Chavez, for instance, has arranged to supply cheap heating oil to the US poor this winter. He understands that WE are the oppressed.
I don't know how Ollanta Humala/Peru fits into this picture. I'm ignorant of Peruvian politics. It's true that Chavez in Venezuela is former military. But he turned against any coup efforts, and became passionately committed to democracy and to Venezuela's new constitution. He has been elected president by big majorities in heavily monitored elections--all the monitoring groups judged the elections to be transparent and aboveboard.
It seems likely that Peru will be following this trend--toward popular electoral revolution. It's hard to guess from this OP where Humala/Peru is headed, but there is a leftist revolution happening all around them in So. America, very beneficial to the countries involved. Sounds like Peru may want to join in.
I want to say something about Hugo Chavez's and Evo Morales faces. Yes, their faces. Because I find this so impressive. Big, brown peasant faces, with some kind of light in them. In their eyes. These are happy men. Interesting men. Men with a sense of humor, and much self-confidence. Open smiles. Honest. Not closed off from ordinary people and living in elite circles, like so many of our US politicians. And not self-centered and egocentric and overly pampered. Not full of themselves, as are so many leaders on the world stage. Not corrupt. And the big brown peasantness of their faces--the indigenous roots--points to the heart of this revolution: the So. American majority coming into its own at last. Brown faces leading So. America. Amazing . Wonderful. And so-o-o-o-o-o right on.
Now if we can just get transparent elections in the US.