Monday, May 5, 2008

Bolivian Autonomy Vote Predicted to Pass

There has been some disorder, but voting proceeded relatively smoothly.

Of course, there is the whole matter of the vote being delayed by the Bolivian electoral commission, so we will see what that means.

While some of the portions of the referendum seem to be fairly standard, at least bu US standards, others, such as the right to control federal land and to sign treaties seem to me to be more of an attempt to dismantle the Bolivian state for the benefit of Exxon-Mobil than anything else.

Most of the rest of Latin America is observing this with undisguised horror, because if this sticks, it lays the groundwork for the dissolution of the existing states.

But American bankers should get some good deals out of all this chaos.

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