Without Direction and Rudder | Sin norte y sin timón

Editorial, El Dia:

In his desperation to find effective solutions to combat the economic crisis, Luis Arce constantly changes his mind. One day he insists that everything is going well and accuses the opposition of fabricating problems; the next, he acknowledges some difficulties, attributing them to the international context or to sabotage by the right-wing. At times, he takes a dual stance, like Dr. Jekyll and Mr. Hyde, blaming the cocalero Morales while trying to distance himself from the “previous government.”

In this atmosphere of confusion and contradictions, anything can happen, and unfortunately, some outrageous ideas are already circulating that, if implemented, will only worsen the situation.

A few days ago, during a meeting between the government and some social movements, a foreign currency control regime was proposed, an idea that caused panic among the country’s economic actors. Later, this proposal served as a tool of blackmail to silence the demands of businessmen, who continue to struggle with the scarcity of dollars and diesel—two problems that are far from being resolved.

The Financial System Supervisory Authority (ASFI) has put forward absurd arguments to limit the use of credit cards abroad to $50 per week. This measure severely affects those who need dollars to import essential supplies for their operations. In Bolivia, most products are imported, and without foreign currency, industry, agriculture, and all sectors come to a standstill. The growing protests by vendors, textile workers, transporters, and pharmacists are a clear indication of this crisis.

The government, in its shortsightedness, attributes the price increases in markets to the greed and malice of producers and merchants, refusing to acknowledge that the crisis is the result of its own errors and ineffectiveness. In response, it has intensified price control operations, cracking down on vendors and organizing witch hunts to root out hoarders and speculators. These actions not only generate fear but also lead to the emergence of parallel markets and the corruption of unscrupulous officials.

Instead of making coherent and responsible decisions, Luis Arce proposes the absurd idea of calling for a referendum, a maneuver that will not solve the fuel shortage. There is always an excuse to justify the lack of supply, and this time, it is disguised as concern for the people, whom he has mercilessly punished.

The latest idea is the possible nationalization of gas stations. For what purpose? To eliminate the lines of trucks? To make diesel flow as if by magic? The cure would be worse than the disease. This is how we find ourselves, at the mercy of a government without direction or rudder.

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