Bolivia's carbon nationalisation - Africa next?
- 3 May 06, 10:21 AM
It's not often you see a decree on nationalisation these days, especially not one that starts "Heroes of the Chaco!" and accuses previous governments of high treason. So what is Evo Morales doing? In the first place this is not a classic Marxist expropriation. He is promising to buy back 51% of the oil and gas assets of private companies - albeit at a price set by him in 6 months time: implication...play ball or get out.... (See my report on all this last night ).
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