- Bolivia is running out of money and facing a crisis.
- The economic model of left-wing populism is to blame.
- The reliance on commodity booms and currency pegs has been costly.
- Hostility towards private capital has led to a lack of investment.
- Bolivia's crisis serves as a warning to other Latin American countries.
Bolivia’s crisis shows the limits of left-wing populism
Bolivia's crisis highlights the dangers of left-wing populism, as the country runs out of money due to a reckless economic model based on commodity booms, currency pegs and hostility towards private capital. The crisis serves as a warning to other Latin American countries.