Bolivian President Evo Morales last weekend won re-election by a smashing margin. His eight-year rule has weakened Bolivian property rights, indulged in frequent nationalizations and demonized capitalism. Yet it has also produced Bolivia's best growth rates in several decades, far better than the orthodox and admirable policies pursued in 1985-2003.
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http://www.atimes.com/atimes/Global_Economy/GECON-01-211014.html
Johan Bollen · KU Leuven
made some changes...
The 'nationalizations' in Bolivia have assured that money was being reinvested in the country instead of being taken abroad by multinational corporations. Most corporations stay working in Bolivia however because they can still make a profit, just not bordering on exploitation, as it did in the neoliberal slash colonial times before Morales. Commodity prices are not the key to understanding the Bolivian economic success. More likely they are one of the only excuses left to neoliberals to maintain the superiority of their economic theory in the light of an example proving them wrong. Another excuse, or dogma you could call it, is the insinuation that 'in the future' a blowback necessarily needs to come of socialist policies. But it should be noted that Bolivia's international reserves have also risen spectac...ularly. The impression should not be given that future generations will have to pay for an irresponsible economic policy that only seems to exist if we omit certain facts. In the meantime however great numbers of people are being taken out of poverty. Something the neoliberals before Morales haven't done. Basically because poverty simply isn't a priority in their trickle down minds, and therefore they leave the subject to some vague promise in some distant future. Bolivians however where tired of waiting after two decades of neoliberal promises. They voted Morales to take action. And they voted him again because they saw results.
Let's hope the example of Bolivia will not be subject again to the kind of economic and political boycott we saw in 2008, when a kind of 'Balkanization' effort was made to topple the Morales government. After the expulsion of ambassador Goldman things went back to normal.
Well, normal. I can't even find a parking space in La Paz anymore as I used to. These economic booms...
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The 'nationalizations' in Bolivia have assured that money was being reinvested in the country instead of being taken abroad by multinational corporations. Most corporations stay working in Bolivia however because they can still make a profit, just not bordering on exploitation, as it did in the neoliberal slash colonial times before Morales. Commodity prices are not the key to understanding the Bolivian economic success. More likely they are one of the only excuses left to neoliberals to maintain the superiority of their economic theory in the light of an example proving them wrong. Another excuse, or dogma you could call it, is the insinuation that 'in the future' a blowback necessarily needs to come of socialist policies. But it should be noted that Bolivia's international reserves have also risen spectac...ularly. The impression should not be given that future generations will have to pay for an irresponsible economic policy that only seems to exist if we omit certain facts. In the meantime however great numbers of people are being taken out of poverty. Something the neoliberals before Morales haven't done. Basically because poverty simply isn't a priority in their trickle down minds, and therefore they leave the subject to some vague promise in some distant future. Bolivians however where tired of waiting after two decades of neoliberal promises. They voted Morales to take action. And they voted him again because they saw results.
Let's hope the example of Bolivia will not be subject again to the kind of economic and political boycott we saw in 2008, when a kind of 'Balkanization' effort was made to topple the Morales government. After the expulsion of ambassador Goldman things went back to normal.
Well, normal. I can't even find a parking space in La Paz anymore as I used to. These economic booms...
See More
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Robert Ferrin · Top Commenter · Fillmore nyGood article for if Bush had done the same putting the money into the hands of the people rather than the deep pockets on wall street we would have been out of this mess by now.!!!
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Johan Bollen · KU LeuvenThe 'nationalizations' in Bolivia have assured that money was being reinvested in the country instead of being taken abroad by multinational corporations. The corporations stay working in Bolivia however because they can still make a profit, Just not bordering exploitation as it did in the neoliberal slash colonial times before Morales. Commodity prices are not the key to understanding the Bolivian economic success. More likely they are one of the only excuses left to neoliberals to maintain the superiority of their economic theory in the light of an example proving them wrong. An other excuse is the insinuation that 'in the future' a blowback necessarily needs to come. But it should be noted that Bolivia's international reserves have also risen spectacularly. The impression should not be given that future generations will have to pay for an irresponsible economic policy that only seems to exist if we mention certain facts. in the meantime great numbers of people are taken out of poverty. something the neoliberals haven't done basically it simply isn't a priority in their trickle down minds.
Let's hope the example of Bolivia will not be subject to economic and political boycott as it was in 2007 when a kind of 'Balanization' effort was made to topple the government. After the expulsion of ambassador Goldman things went back to normal.
Well, normal. I can't even find a parking space in La Paz anymore as I used to. These economic booms...
