When the "Red Ponchos" Come Marching – Bolivia at a Cross Roads

As Evo Morales claims the ills of the Global Economic Crisis on neo-liberal capitalism, he is finding that he can no longer get funding from the Global Banks even for his most productive sectors. All he is asking for is 100-200 Billion and normally an emerging nation in good economic standing would have no problem achieving such a loan.

Unfortunately, after nationalizing so many industries and throwing out the capitalists, there are no takers. Or are there, as Hugo Chavez, the Communist Leader of Venezuela has promised that he will invest 100s of millions of dollars in a Coca Plant, something that the rest of the world cringes on, considering the cocaine drug exports from Venezuela. But can Hugo Chavez make good on his promises?

Apparently, with the world price of oil down, Hugo Chavez has other issues in his own nation to deal with, both economically and politically, as well as his deals with nearby nations to sell them oil for half price now, with the remainder due in 20-years to assist in his Geo-Political exploits. Looks like his attempt to build a communist block of countries in South and Central America is crumbling.

Will Russia come to Hugo Chavez’s aid? How about China, what about Cuba; all doubtful and where does all this leave Bolivia’s Aymara Indian leader Evo Morales and his more radical supporters, the Red Ponchos? Well, basically they are on their own, with a crumbling economy, no more loans, insufficient nationalized industry, weakened global demand and storm season coming. Let’s face it, whether it is tortilla wars or imploding economies with breadlines; Communism does not work. Think on this.

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