WI: the 1954 Guatemalan coup d'état Fails?

Either Arbenz panics and purges the military of officers discontented with him or the military launches another coup and kicks him out anyway. If does decide to kick out those dangerous military officers, then he may very well get reelected in 1956. Chances are that there may be paramilitaries financed by United Fruit and upper-class Guatemalan carrying out attacks against the government and government-sympathizers for some time. But Arbenz would continue his policies of modernization and economic development. Tensions between the rich and Arbenz's government may prompt him to nationalize the latifundios, as he aspired to do. Overall, Guatemala greatly resembles Costa Rica more than El Salvador or Honduras in terms of economic and political development.

Also, if the coup fails, Che Guevara (who was in Guatemala at the time) would not end up in Mexico meeting the Castro brothers, and may return to Argentina to become a Marxist author. This alone has massive repercussions.
 
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