of the nineteeth century.
In the same memorandum book I had also jotted down, as less urgent projects, learning that devilishly difficult language, German; living for a while in Berlin; trying yet again to get through books that had always defeated me—such as Finnegans Wake and The Death of Virgil ; going down the Amazon from Pucallpa to Belém do Pará in Brazil; and bringing out a revised edition of all my novels. Other vague projects of a less publishable nature also figured on the list. The one thing that wasn’t even hinted at anywhere in these notes was the activity that, through the caprice of the wheel of fortune, was about to monopolize my life for the next three years: politics.
I didn’t have the least inkling that that would be so, on that 28th of July, at noon, when we prepared to listen, on my friend Freddy Cooper’s little portable radio, to the speech that the president of the Republic delivers in person to Congress on the national holiday. Alan García had been in office for two years and was still very popular. To me, his politics seemed like a time bomb. Populism had been a catastrophic failure in Allende’s Chile and in Siles Suazo’s Bolivia. Why would it go over well in Peru? Subsidizing consumption, in a country like Peru that depends on imports for a large share of its food and its industrial components, brings with it a deceptive bonanza that lasts only as long as the country has reserves of foreign currency available to allow the flow of incoming goods to be maintained. This was how things had gone so far, thanks to a massive expenditure of foreign currency reserves, which had increased owing to the government’s decision to spend only 10 percent of the money earned by exports in servicing the country’s foreign debt. But this policy was beginning to give signs of having been run into the ground. The country’s reserves were being depleted; because of its confrontation with the International Monetary Fund and the World Bank—the bêtes noires of the speeches delivered by President García—Peru had seen all the doors of the international financial system slam shut; the printing of paper money with no backing so as to cover the fiscal deficit was making inflation worse; the dollar, maintained at an artificially low price, was increasingly discouraging exports on the one hand and encouraging speculation on the other: the best deal for a businessman was to get an import license that allowed him to pay for what he ordered from abroad with cheap dollars (there were any number of rates of exchange for the dollar, depending on the “social necessity” of the product). The traffickers in contraband goods saw to it that the products thus imported—sugar, rice, medicine—passed through Peru as fast as if over hot coals and went on to Colombia, Chile, or Ecuador, where their prices were not controlled. The system had enriched a handful of people but had plunged the rest of the country’s population into poverty that was increasing by the day.
The president did not appear worried. Or so it seemed to me at least, a few days earlier, during the only interview I had with him while he was in power. When I arrived from London, at the end of June, he sent one of his aides-de-camp to welcome me back, and as protocol required, I went to the Presidential Palace to thank him for the courtesy. He received me personally and we talked together for about an hour and a half. Standing in front of a blackboard, he explained to me his goals for the current year and showed me a handmade bazooka, put together by Sendero Luminoso—Shining Path, the Maoist guerrilla movement—with which terrorists had fired a projectile on the palace from Rímac. He was young, self-assured, and likable. I had seen him only once before, during the election campaign, at the home of a mutual friend—Manuel Checa Solari, the auctioneer and art collector—who was bent on our having lunch together. The impression García gave me then