Sunday, December 30, 2012

Bad Business in Bolivia

The San Francisco Chronicle carries an Associated Press report that the Evo Morales government of Bolivia has expropriated several Spanish-owned firms concerned with the distribution and sale of electricity in that nation.

This is a sad but not unexpected turn of events in Bolivia. Since taking office in 2006, Morales has been an ally of Hugo Chavez and Fidel Castro, and an opponent of United States interests, including the eradication of the coca plant from which cocaine is derived.