Daily Archives: July 26, 2018

Beware of private property

Humberto Vacaflor writes in El Deber:

Beware of private property

Seventy years lasted the commitment of the Soviets to eliminate private property and impose communism. In the end, private property was the force that defeated the ‘socialist motherland’.

Mafias conformed by former hierarchs control the spoils of what had been a superpower, which now has specialized, by vocation of all of them, in the art of hacking. In that they are very good. And in meddling in elections, even in the United States.

Here, on our continent, the new president of Cuba, Miguel Díaz-Canel, intends to restore private property on the island, 60 years after it was banned by the Castro dynasty. The private property most appreciated by Cubans ended up being tires, to emigrate.

In both cases, the triumph of private property was due to states failing to manage the economy. In this case, in managing production assets in the name of the people. They showed that the people, really, would have to choose their representatives better.

And in Bolivia, the opposite front to private property, the government of Evo Morales, is doing a very good job, but the other way around. It is showing, to extremes of delirium, how extremely bad their hierarchy can be in the administration of state assets.

With the exam that they gave in Bulo Bulo they have been postponed in such a way that they have created the best arguments so that never again, “never never, never ever” (Almafuerte), that state companies be created. A billion dollars.

And when the accounts are made of the cable cars of La Paz, that will be a feast for those who oppose the state companies. Even Mayor Luis Revilla, so close to the ruling party, has criticized that another billion dollars have been invested in that poorly designed web of the most expensive cables that have reached South America in history.

In other words, in this debate about the capacity of governments to manage state enterprises, times are getting shorter. In the Soviet Union it lasted seventy years, in Cuba sixty years and in Bolivia twelve years. We are making progress.

When this government is gone, the auction of the useless things that they have bought, so expensive, will be a spectacle. The process of change will end in a great auction.

http://www.eldeber.com.bo/opinion/Cuidado-con-la-propiedad-privada-20180723-0010.html