Morales Promises No Nationalizations, Despite Nationalizations

Three Spanish-owned airports were nationalized this week in Bolivia. A Spanish firm, Sabsa, had a contract to operate the airports in La Paz, Santa Cruz and Cochabamba until 2025. Bolivian President Evo Morales justified the takeover, by suggesting that the airlines weren’t spending enough on infrastructure, but Sabsa has reported that it was operating at…

The Wealth of a Nation

“The record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.” ― Milton Friedman