Arce: Abandon interventionist model | Abandone modelo intervencionista

Editorial, El Dia:

Between Miracle and Hell

It’s pointless for the government to become more “dialogue-oriented,” with ministers and even Luis Arce himself running from one place to another, trying to “put out fires,” if they have nothing to offer, no answers to the demands, and no willingness to make crucial and urgent decisions.

The most interesting thing is that none of the sectors threatening with pressure measures and demanding concrete actions are asking anything from the government. They are not asking for loans, road construction, infrastructure projects, or anything else that would require economic resources, intelligence, talent, or the capacity of the authorities, because everyone knows very well that none of this exists in Arce’s administration.

The only thing being asked is to abandon their interventionist model and remove the barriers they’ve imposed on the economy over the last 18 years, which are leading the country to destruction. The case of the agricultural sector, one that could give the economy some relief due to its export potential and its ability to generate foreign currency, is the most emblematic.

In the so-called theory of stupidity, the worst is the one who harms others without gaining any benefit for himself, and that’s exactly what’s happening with Arce’s government. Maintaining export restrictions, continuing with the prohibitions on biotechnology use, doing nothing to improve legal security, promoting land seizures, and drowning producers in a sea of bureaucracy brings no advantage to anyone, except criminals. Ultimately, the public sector suffers the most, as the problems that plague it, such as diesel shortages and lack of dollars, tend to worsen, and with the systematic decrease in production, it’s already evident how state entities are struggling to gather funds for their projects, pay salaries, and, ultimately, continue doing politics.

Arce could do all this and much more if he truly wanted to overcome the crisis, but apparently, that’s not his interest, especially when he refuses to abandon his wasteful model, insists on maintaining an “impossible state” with astronomical expenses, useless public companies, and a legal framework hostile to private investment and, therefore, to the prosperity of Bolivians.

In 1985, when Víctor Paz Estenssoro amazed the world by abruptly stopping hyperinflation, he did nothing extraordinary. Everyone talks about the great geniuses who came from Harvard and other academic powerhouses, but the solution was very simple: leave the economy in the hands of the people, abandon the classic arrogance of politicians, set aside the vision of the almighty state, and give up trying to control everything because, besides being impossible, nothing can surpass the decisions made by each individual who always seeks their own benefit and that of others. It’s in Arce’s hands to perform a true “miracle,” but he doesn’t want to. He prefers to plunge Bolivians into hell.

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