Jul 1 2006

The Morales Moral

Defy neoliberalism, face media wrath

To several observers in the U.S. media, Latin America’s leftward shift is the misguided product of a naïve populace that can’t understand economics and demagogic leaders who need to be scolded back into line. So when the recently elected president of Bolivia, populist Evo Morales, announced that he would be re-nationalizing the country’s natural gas reserves, the media response was swift and firm. A Newsday editorial (5/3/06) called Morales’ move “obtuse economics” and admonished, “Nationalization of major industries has proved to be a road to economic ruin in an era of globalization.” The paper noted the Bolivian people’s “steady drop […]