Donald Hank
What's behind Bolivia's economic success?
By Donald Hank
July 3, 2015

The Mises Institute ran an eye-opening article on Bolivia today, showing that its leftist-populist president Evo Morales has surprised everyone and turned his country into one of the fastest growing economies in the world – a kind of anti-Venezuela. Now since Mises is a libertarian group, opposed to leftist economics, it had some explaining to do and it showed that essentially, Bolivia's success lies in its ability to circumvent the Washington control freaks of IMF and World Bank, which aim to impoverish and enslave Third World countries with eternal debt and also impose unreasonable social and other demands that interfere with their national sovereignty, such as the requirement to privatize government investments and to enact laws protecting the LGBT class. While privatization has a "free market" ring to it, its goal is to channel multibillion dollar contracts to corporate America and corporate allies. To understand how countries are impoverished by US agents, read the book "Confessions of an Economic Hit Man" by John Perkins, who was in fact a hit man for a corporation called MAIN, a CIA front. One of John's superiors told him point blank that his job was to make economic forecasts by fudging numbers to make it look like poor countries that could not afford big loans could afford big loans, and that the end goal was to bankrupt the countries and thus make them loyal vassals to the US hegemon.

30 years ago, the CIA would have murdered Evo Morales on the pretext that he is a leftist. But the real reason for such murders, like that of Salvador Allende and Omar Torrijos, was that the US elites saw Latin America as their backyard. In other words, as their own personal possession to dispose of as they saw fit. (They have since shifted their attention to Russia, in an attempt to enforce the Wolfowitz doctrine, whose rationale no one seems able to explain.)

For decades, the worldwide pogrom against communism was mostly a veiled attack on the sovereign right of each people to self-determination, with or without cooperation with the US oligarchs who sought to subjugate them in the name of "freedom" and "democracy." Without the existential threat from the US military, some hardline "communist" countries would have mellowed, as China and Vietnam are doing, developing vibrant capitalist economies. But that was precisely what the Washington elites feared.

We are seeing the latest throes of this struggle in Ukraine, and at one time, Washington would have prevailed.

But there is a new kid on the block now and it is called the AIIB. This Chinese/BRICS bank aims to defeat the dollar hegemony by creating fair lending terms.

Now Third World countries no longer have to bow to the LGBT agenda or the privatization demands of the Washington elites to secure a loan. The avowed aim is to truly allow the Third World to prosper. After all, prosperous clients spend more. (Gee, why didn't the US elites think of that?)

If you missed my commentary on the AIIB, here it is again

Don Hank

© Donald Hank


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Donald Hank

Until July of 2009, Don Hank was operating a technical translation agency out of his home in Wrightsville, PA. He is now retired and residing in Panama with his wife and daughter.

A former language teacher, he holds an undergraduate degree in French and German from Millersville State University (PA), a Master's degree in Russian language and literature from Kutztown State College (also in PA), has studied Chinese for 3 years in Taiwan at the Mandarin Training Center, and is self-taught in other languages, having logged a total of 8 years abroad in total immersion situations.

He is also the founder of Lancaster-York Non-Custodial Parents, a volunteer organization that provides Christian counseling for non-custodial parents.


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