How long will we have to put up with Luis Arce’s speeches? | ¿Hasta cuándo tendremos que aguantar los discursos de Luis Arce?

Antonio Saravia, Brujula Digital:

Luis Arce’s speech this past Wednesday, November 8, confirms that the president lives on another planet. Nothing he said in his hour-long rant even remotely resembles the reality that Bolivians face every day. The president insists that “we are on the right track” when shortages, queues, lack of dollars, informality and lack of hope for a better future tell us the opposite. How long must we endure this insolent and arrogant display of bad ideas and lies that Luis Arce subjects us to when he takes the microphone?

The speech displayed ignorance, victimhood, cynicism, dishonesty and incompetence.

Ignorance

The president began by saying that capitalism is going through a “multidimensional crisis” and that he wants to overcome it to build “another type of society.” According to Arce, capitalism “limited us for nearly two centuries in the type of organization of the economy and in the structuring of a way of thinking. Therefore, the anti-capitalist, anti-imperialist, anti-neoliberal, anti-colonial and anti-patriarchal character of our revolutionary transformation project.” God help us!

Capitalism is the economic system that has lifted the most people out of poverty in the world. The countries in which there is greater economic freedom are 10 times richer than the countries in which there is no economic freedom, the poorest population in the countries with greater economic freedom have eleven times the income of the poorest population in the countries without economic freedom, life expectancy is fifteen years higher in countries with greater economic freedom than in countries with less economic freedom, the infant mortality rate is seven times lower in countries with greater economic freedom than in countries with less economic freedom, the percentage of the population living in extreme poverty is 21 times lower in countries with greater economic freedom than in countries with less economic freedom… There is no single human development index in which countries with Less economic freedom gives an advantage to countries with greater economic freedom. What does President Arce intend then? What is that “other society” that he wants to build outside of capitalism? Does he really think that by leading us to a socialist revolution we will be able to develop and overcome poverty? How did Cuba and Venezuela fare when they tried to be anti-capitalist? Either Luis Arce’s ignorance of the historical evidence is supreme, or his intentions are truly perverse.

Victimism

Luis Arce complains in his speech about alleged “economic sabotage” against his government and himself. He says this economic sabotage affected our growth and contributed to the shortage of dollars, the supply of oil and the drop in hydrocarbon production. But who are you fooling, Mr. President? Were we Bolivians the ones who sabotaged it by squandering international reserves? Were we the ones who accumulated ten consecutive years of fiscal deficits and quintupled the external debt? Were we the ones who chased away international companies and entrusted the exploration of new fields to an inefficient and corrupt company like YPFB? Are we the ones who sabotage it by not paying the companies that sell us diesel? Leave the role of victim Mr. Arce. Nobody buys it.

Cynicism

Towards the middle of the speech, Luis Arce makes a mea culpa and says that there are urgent issues to resolve and mentions justice “without a doubt”: “Bolivians demand an independent, impartial, modern justice that is sensitive to vulnerable sectors and provide immediate solutions.” This is the height of cynicism, don’t you think? Do you really want to convince us, President, that you care about justice? Hasn’t justice been the most effective tool of the MAS to persecute and silence its political opponents? Don’t we have more than 270 political prisoners in the country (data from the Global Human Rights League)? Aren’t President Jeanine Añez or Governor Luis Fernando Camacho in jail? Pull the other leg!

Dishonesty

President Arce insists that Bolivia is “among the top three economies in the region.” Oh really? Arce takes this data from the IMF estimates of economic growth for 2023 in South America. And yes, according to the IMF, Bolivia will grow this year at 1.8%, which is the third highest rate among the 10 South American countries. What Arce does not say is that the country with the second highest growth rate this year will be Venezuela (4%), which is not exactly an example of development. This shows that taking an isolated year and looking at the GDP growth rate says absolutely nothing. If we take, however, the GDP per capita (not its growth rate), we will see that Bolivia is fighting for last place with Venezuela among the same ten countries. If we take indicators such as infant mortality, life expectancy or informality, Bolivia has the worst rates in South America. How is it that we are among the top three economies in the region Mr. Arce? Stop trying to fool us.

Incompetence

Arce insists in his speech with the outdated model of industrialization with import substitution. A model that ignores all economic logic because it implies the abandonment of our comparative advantages. A model that led Latin America to one of its deepest recessions: the lost decade of the 80s. But Arce just adds it. Not content with the very poor results of more than 70 inefficient public companies (the vast majority of them losing money), Arce announces the creation of more than 150 industrial plants to continue substituting imports. More inefficiency, more waste of dollars, more problems for supporters, more clientelism.

I repeat, until when will we have to endure this insolent and arrogant display of bad ideas and lies every time Luis Arce takes the microphone?

Antonio Saravia has a PhD in economics (X: @tufisaravia)

This is rotten!!

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