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  • Why Isn't Socialism Dead

    05/05/2006 5:59:43 AM PDT · by RKV · 110 replies · 2,811+ views
    TCS Daily ^ | 5 May 2006 | Lee Harris
    The President of Bolivia, Evo Morales, celebrated May Day by ordering soldiers to occupy his country's natural gas fields. The purpose of this exercise was not military, but economic: Morales has demanded that all foreign companies currently operating these fields must sign a contract with Bolivia that would allow them to retain only 18% of the production, while the remainder would go to Bolivia's state-owned oil company. The 18% concession to the foreign companies was not an act of generosity on the part of Morales, but simply of expediency: Bolivia needs these companies to tap its natural gas resources, because...