[For more on Bolivia, click HERE.]
By Federico Fuentes
May 28, 2013 -- Bolivia Rising, posted at Links International Journal of Socialist Renewal with the author's permission -- Bolivia is demonstrating to the world why nationalising natural resources is a crucial first step for any government seeking to put people and the environment before profits.
On May 1, 2006, less than four months after becoming president, Evo Morales decreed the nationalisation of the country’s gas reserves. This move restored state control over the strategic resource.
In doing so, Morales followed through with one of his key election promises and met a historic demand of the Bolivian people. The people had overthrown successive presidents unwilling to take Bolivia’s gas out of the hands of greedy transnationals.