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Repiglican Roast

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Saturday, November 25, 2006

Bolivia's Morales plan to distribute land to the poor infuriates the wealthy

[...]
Morales, who finished 25 points ahead of his nearest challenger in last year's presidential election, believes he has a powerful mandate to transform Bolivia, and he dismisses opposition protests. Morales has made no secret of his intention to end centuries of dominance by a European-descended elite and redistribute power and wealth.

The president's fortunes were boosted on Oct. 28 when foreign oil companies bowed to his nationalization decree and signed contracts giving the government a majority of their Bolivian revenues. The signings reversed Morales' sinking poll numbers and even his bitterest rivals acknowledged the contracts were a boon for South America's poorest country.
[...]

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