In the new millennium, Latin America has confronted two levels of crises. Politically, they are authoritarian legacy and rising populism, while economically including developing model and distribution inequality. Both Truth Commissions and populist manipulation led to more bipolarized societies. No better alternative for the so-called neo-liberalism leads to pessimism for economic development. Deteriorating wealth distribution leads to the breakdown of social justice. Bush's foreign policy in the second term has the impacts on Latin America's political-economic development, while China's joining with ASEAN as a Free Trade Area may offer Latin America more chips when bargaining with the United States.