You can tell The Economist's lastest article on Bolivia is a piece of true idiocy just by the title "Bolivia's Divisive President" (because only 67% support Evo!). It rehashes all of the usual 'stoopid' and debunked criticisms of Evo Morales and even one you would think a publication called "The Economist" would see through, that Evo promotes "bad economic policy". Inca Kola News lays the details of Evo's "bad economic policy" in terms even these dunces should understand (read the entirety of Otto's post for the full thrashing):
- 2007 GDP up 4.6%
- 2008 GDP up 6.15%
- 2009 GDP expected to grow "at least 4%"
- U$8Bn in international currency reserves, which is all-time record levels and represents U$816 per capita.
- Inflation now under control. The last two months have seen negative inflation thanks mainly to the drop in imported foodstuffs.
- Expansion of exports despite losing the ATPDEA advantages with the USA. New and very large investment programs in hydrocarbons and metals in exactly the way those economists say you should do these things (except it's China, Brazil and India invited to the parties, not the US...perhaps related?)
- An old age pension given to every single senior citizen regardless of sex, status or history for the first time ever. Poverty rates dropping at record speed.
- Programs that have rid the country of illiteracy by official UN world standards.
- Free heathcare that is so popular visitors come from "the economic miracle" Peru to get their eyes fixed.
In other words, Bolivia is "the best performing economy in the whole of South America in 2009." Maybe it just annoyes all the technorats with fancy degrees that an uneducated coca farmer trumps them at their own game.