Why Bolivia Is Not a Socialist Success Story

Since Bolivia's economy has experienced a 3.8 percent growth rate over the last year, many socialists see this as airtight proof that socialism can work and that Venezuela is merely a result of mismanagement and fiscal irresponsibility on Maduro's behalf.

However, when we take a closer look at this supposed beacon of socialism, we find that much of the reason it has been able to succeed is that President Morales has not cracked down on capitalism to nearly the same extent as Maduro has in Venezuela.