Mario Vargas Llosa | 60 Minutes Archive

And he lost to another political outsider, a populist. Somebody who embodied the everyday man, who didn’t belong to the traditional parties. Alberto Fujimori. He basically told the voters what they wanted to hear. Once in power he did exactly what he promised he would not do (basically, Vargas Llosa’s economic plan). Then he became a dictator.

Muchas gracias por compartir el homenaje al maestro de las letras, Mario Vargas Llosa 🎖️ 🎓🖋️📚

Wow what a time to be in Perú! 1989 was crazy!

Thank God the horrible 80's in Peru are over. We're doing much better now. It's not perfect but better.

Oh my....this video brought so many memories, I was there at that time even voted for him and suffered with his presidential election lost. Now in 2025 a few days after his passing I ask myself what if?

In the end, it was for the best that he lost the election, his novels immortalized him and the world honored his departure.

First heard of him via his novel The Feast of The Goat.

R. I. P. MVLL 🙏

In the 1990's campaign, Vargas Llosa was very honest with the people, too much maybe. He clearly stated that hard adjustments, devaluation and closing of banks and companies were necessary. People got scared and vote for the other candidate who promised a "gradual" adjustment. When the time came, a pool of economists, including the brilliant De Soto, presented the facts to Fujimori and convinced him that there was just one possible solution: the " Shock" that Vargas Llosa proposed. Every analist predicted that revolts and protests would happen. That was not the case. Peruvians took the hit with stoicism. For twenty years, they had a protectionist socialist closed economy. The change was not easy. I credit Mr Vargas Llosa for educating and warning the people. He didn't hold office, but peruvians have an eternal debt of gratitude to him.

Charm does not know limits...