Preacher
Gold Member
Bolivia’s Remarkable Socialist Success Story
What makes Bolivia’s economic miracle possible? – ThePrisma.co.uk
Since taking office in 2006, Morales, a former coca grower and labor activist, has nationalized key industries and used aggressive social spending to reduce extreme poverty by more than half, build a nation with modern infrastructure, and lower Bolivia’s Gini coefficient, a measure of income inequality, by a stunning 19 percent. For much of Bolivia’s majority-indigenous population in particular, his tenure marks the first time that they’ve lived above poverty and benefited from their country’s tremendous natural resources.
It’s now clear that a redistributionist agenda has not been ruinous to Bolivia’s economy. Far from it: During the Morales era, the economy has grown at twice the rate of the Latin American average, inflation has been stable, the government has amassed substantial savings, and an enterprising and optimistic indigenous middle class has emerged.
Why is that? A great picture of what socialism CAN achieve when its not attacked by US imperialism and sanctions that destroy the economy etc.
What makes Bolivia’s economic miracle possible? – ThePrisma.co.uk
Since taking office in 2006, Morales, a former coca grower and labor activist, has nationalized key industries and used aggressive social spending to reduce extreme poverty by more than half, build a nation with modern infrastructure, and lower Bolivia’s Gini coefficient, a measure of income inequality, by a stunning 19 percent. For much of Bolivia’s majority-indigenous population in particular, his tenure marks the first time that they’ve lived above poverty and benefited from their country’s tremendous natural resources.
It’s now clear that a redistributionist agenda has not been ruinous to Bolivia’s economy. Far from it: During the Morales era, the economy has grown at twice the rate of the Latin American average, inflation has been stable, the government has amassed substantial savings, and an enterprising and optimistic indigenous middle class has emerged.
Why is that? A great picture of what socialism CAN achieve when its not attacked by US imperialism and sanctions that destroy the economy etc.
