The latest South American progressive government to be taken over by right-wing thugs sponsored by the US is Bolivia.
This comes just after the ousted President Evo Morales cancelled a 2018 contract with a German company to mine the nation’s lithium deposits.
He was reported to have said:Bill Mitchell – billy blog
Bolivia’s lithium belongs to the Bolivian people … Not to multinational corporate cabals....
Japan announces a stimulus as the Right take over Bolivia
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
1 comment:
Glad to see MMT now advocates for nations borrowing in foreign currency:
“Though Bolivia hasn’t yet borrowed nearly as much from other countries as it did in the 1980s (relative to the size of its economy), the amount that Bolivia’s government owes in foreign currencies has approximately quintupled since 2007. The country’s total external debt has gone up by about 30 percent“
https://www.bloomberg.com/opinion/articles/2019-02-22/bolivia-s-problem-is-macroeconomics-not-socialism
they just borrow in foreign currency to create the current economic success then renege and the whole place goes to shit once the firms who brought in the technical expertise are kicked out...
Venezuela is in cannibalism:
https://www.washingtonpost.com/video/world/authorities-investigate-claims-of-cannibalism-in-venezuelan-prison/2016/10/17/0dfe7514-94a2-11e6-9cae-2a3574e296a6_video.html
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