The Chinese-Colombian Challenge to the Panama Canal

Boz points us to the a "dry canal" Colombia is building between the Pacific and Atlantic Oceans with Chinese funding to provide an alternative to the Panama Canal. Boz suggests the U.S. support this project and that it is not a real challenge to American hegemony in the region, to the extent it exists at this point. I tend to agree, but do think it's a strong sign that the century of American domination over the economies and political life of Latin America is mercifully over.

Of course, maybe this is bad for U.S. interests, I don't know.