Bolivia Is An Example of How Socialism Can 'Work' | Alternet: Bolivian President Evo Morales last weekend won re-election by a smashing margin. His eight-year rule has weakened Bolivian property rights, indulged in frequent nationalizations and demonized capitalism. Yet it has also produced Bolivia's best growth rates in several decades, far better than the orthodox and admirable policies pursued in 1985-2003.
Thus Morales' policy of making Bolivian clocks run backwards seems reflected by the apparent successful defiance of theory in his economics. In reality, however, there is a fairly simple explanation, and it is an important lesson for other poor countries.
Three popes and a patriarch - A unique occasion ignored by the media — how often do you see three popes and a patriarch gathered together at the same place? Someone posted this picture ...
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