Poor People, Rich Government | Pueblo pobre gobierno rico

Editorial, El Dia:

The Italian fascist leader, Benito Mussolini, is the author of the phrase: “nothing outside the state, nothing above the state, nothing against the state,” and despite dying hung by his feet for the ruin he caused in his country, Luis Arce upholds this paradigm by placing the government above businesses, the economy, and the citizens.

“If the government does poorly, everyone will do poorly,” he said a few days ago, and there is no need to emphasize this because for nearly two decades of economic management, he has only made evident an old Third World tradition, where rich governments and poor people abound.

Arce managed the greatest economic boom in Bolivia’s history, money that served only to make the rulers millionaires, the only ones who have enjoyed the luxuries of power: Persian carpets, palaces, trips in executive jets, acquisition of large properties, parties with young women, while the 12 million Bolivians remain in the same or worse conditions. Today, they can’t even obtain dollars to carry out their activities or diesel to produce in the fields and transport goods to the markets, all because of a regime that placed the state as an end in itself.

How will there be enough dollars to buy medicines or to import essential inputs for industry or agriculture if the state devours all the foreign currency to maintain its subsidy model, to keep public companies that only generate losses running, to pay the debt to the Chinese, and to continue funding useless projects?

It is not ruled out that in this dollar crisis, there is also, as has happened in Argentina and Venezuela, a whole caste of government beneficiaries doing business by receiving foreign currency at the official exchange rate and diverting it to the black market, where the difference has already reached 25 percent.

In the mentioned nations that have served as examples for Arce, the governments’ indifference was such that while people scavenged in garbage dumps for food, the Kirchnerist and Chavista leaders made huge profits from exchange rate manipulations and food sales that were supposed to be distributed to the hungry. In Cuba, despite the prevailing misery, the revolution’s bosses still eat caviar and drink French champagne.

Latin America has had periods of great abundance, but the population has never been the main beneficiary, due to statism and the high concentration of power, which promote corruption and abuse.

In Bolivia, we are not far from experiencing another disaster like the one the population endured during the leftist UDP government, where the same phenomenon occurred. While the common citizen had to wait in line for hours to get a loaf of bread, workers’ salaries vanished with hyperinflation, and businesses collapsed like houses of cards, those close to power became millionaires with the famous official dollar, which sold for an abysmally higher rate just two blocks from the bank.

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