A Bolivia of owners, not proletarians | Una Bolivia de propietarios, no proletarios

Jaime Dunn, El Deber:

Popular Capitalism: A call for a Bolivia of owners, not proletarians

There is a powerful bond that unites us as Bolivians, a common interest that arises spontaneously, without coordination or obligation. It is as if an invisible force organized us and prompted us to act individually and collectively. This common interest includes the desire to regain access to the sea, celebrate the goals of our national team, defend the idea that height does not affect football and, above all, safeguard our private property.

This leads me to reflect on the massive protests at the end of 2021 against the regulations to Strengthen the Fight against Illicit Gains and the already repealed Law 1386. These regulations established that we were all suspected of money laundering, allowed the authorities to they accessed our financial transactions at their discretion, authorized the interception of calls, created undercover agents and allowed the freezing of assets in the face of mere complaints or suspicions, without a judicial order or fiscal requirement.

Before these protests, the Movimiento al Socialismo had modified the regulations of the Chambers of Senators and Deputies, eliminating the requirement of two thirds for the approval of fundamental decisions. It was also proposed to transfer the registration services of Real Rights from the Judicial Branch to the Ministry of Justice, and control of the business registry of Fundempresa, a private interest entity, was taken for the Government. These advances against private property were the breaking point and triggered wide protests throughout the country.

It was an authentic rebellion of the owners, where neighborhood councils, transporters, civic committees, private businessmen, members of the Plurinational Assembly, owners of cholets, trade unionists, self-employed workers, factory workers, cooperative members, masistas and non-masistas joined in a single voice to demand the repeal of Law 1386. All converged on a common interest: the unwavering defense of private property.

This leads me to conclude that in Bolivia there is no future for communism or socialism unless they are imposed through violence, as we have repeatedly witnessed. In the face of so much opposition, the removal or disposal of private property will always require the use of force. To that end, justice is destroyed, property records are hoarded, dissenting voices are silenced and persecuted. Let us remember that the State has a monopoly on violence and to control private property it must apply it. There is no voluntary communism or socialism, they are always imposed with the use of force.

Faced with this systemic advance against private property and individual liberties, it is urgent and vital to make a fundamental change in our society. We need a new paradigm that promotes private property, the generation of wealth and the defense of individual liberties as central pillars on which the State is based.

It is not enough to simply change the government; we must transform the way we do things. Old problems are not solved with old recipes, we need new proposals. Bolivia has become the country of perpetual statism, where natural resources are trusted as the only source of development. We are the country where scarce wealth is redistributed instead of created, where it is taken from some to give to others in the name of solidarity. We are the country of the same candidates, the usual politicians trying to implement something new with old recipes. Most citizens have been indoctrinated to expect the government to solve all their problems. With our vote and our permission, we allow the government to repeat the same history, repeat the same promises, and meddle with our lives, our property, and our liberties.

It is time to put an end to the current populist machinery that threatens individual liberties and private property, destroying incentives to educate, unite families, invest, export, create jobs and be formal. It is time to recognize that there is a new socioeconomic reality in our country marked by demographic transformations resulting from migration from the countryside and mines to urban areas, as well as by economic and political changes in recent decades.

This dynamic has given rise to a new socioeconomic stratum made up of skilled merchants who are linked to outsourcing and the informalization of the economy. It is about a popular middle class that, in silence, has established novel ways of appropriating surpluses, benefiting from the continuous expansion of the popular economy, taking advantage of the great demand for its services and products. By operating informally and away from the jaws of the state, they can avoid regulations and associated costs, giving them a competitive advantage over the formal sectors.

However, this informality is the consequence of overwhelming bureaucracy, disproportionate taxes and inflexible labor laws, which suffocate businessmen and entrepreneurs. The latter are the true economic drivers, but they are persecuted and repressed, limiting their ability to generate wealth and contribute to the development of society. It is necessary to unleash their creativity and allow them to prosper without the obstacles promoted by an intrusive State. Informality hides entrepreneurial talent and repressed capital that must be released.

To discourage informality, it is necessary to eliminate tariffs, taxes and current bureaucracy. The objective should be that the benefits of formality are greater than the costs of informality, making the option of being formal a totally rational and non-coercive decision.

It is therefore imperative to establish incentives for the creation of wealth within the framework of formality. We must reward those who work, those who produce and invest, those who export and create employment. All under the rule of law and an agile State that promotes the generation of wealth, with a government that works for the people and not against them.

To achieve this, I propose “People’s Capitalism” as a new recipe. A new paradigm where the State adapts to the national reality instead of imposing itself on it. A Bolivia made up of hard-working people who love private property and individual liberties.

The concept of Popular Capitalism refers to the idea of expanding the participation and benefits of the economy to a greater number of people. Seeks to promote and strengthen private property, individual initiative and the free market as means to improve the quality of life of the population in general. It is based on the idea that private property and the full and free participation of citizens in the economy are essential for progress and well-being. It promotes the idea that any individual, regardless of their economic, cultural or origin condition, can have the opportunity to accumulate wealth and prosper economically through participation in economic activities within the framework of legality.

Popular Capitalism emphasizes the importance of free competition and upward social mobility. It opens space for the less privileged to access productive resources, start their own businesses and generate sustainable income. It popularizes and democratizes access to capital and the generation of wealth, creating law-abiding citizens. Those who legally own property are not destructive, do not throw stones, do not block. They do not destroy the private property of others.

To achieve this purpose, it is necessary to reduce the functions of the State and guarantee that it concentrates on protecting the right to life, individual liberties and the access of all to private property, work, investment and business activity. In this way, it is opposed to collectivism and central planning, where the State decides for everyone.

To complement all this, Popular Capitalism advocates policies that promote legal certainty, broad access to capital markets, entrepreneurship, and the simplification or total elimination of taxes to stimulate economic activity and allow individuals and companies to conserve most of its resources. It encourages education and training to improve the skills and opportunities of the labor force and all citizens in the financial and entrepreneurial sphere. Seeks to create a country of owners, not proletarians.

Leave a comment