It’s never a good idea to allow career politicians to manage the economy. They’re not a financially astute bunch and their incentives are all wrong. Yet developing countries rich in natural resources continually repeat the mistake.
In Latin America, it’s as if abundant blessings from above come with instructions prohibiting their productive use. For the latest example, see Chile’s socialist President Gabriel Boric’s April 20 announcement that his government will nationalize the lithium industry.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Already a subscriber? Sign In
Sponsored Offers
- TurboTax:
Save up to $15 with TurboTax coupon May 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
15% Off DIY Online Tax Filing Services | H&R Block Coupon Code - Top Resume:
10% TopResume Discount Code for expert resume-writing services - eBay:
30% off eBay coupon - Groupon:
Groupon Promo Code - 30% Off Activities, Dining, More
