Bolivia’s former president Evo Morales, longtime leader of the Movement Toward Socialism (MAS) party. Photo courtesy of Joel Alvarez (Joels86), CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons. For the first time in nearly 20 years, Bolivian voters have rejected socialism. The country’s socialist economic “miracle” rested on asset seizures, nationalization of private industries, charity from communist allies, and windfalls from a global commodities boom. But a decade of deepening economic crisis has made voters realize that true prosperity comes from productive investment, not state handouts. On 17 August, Bolivia held presidential and general elections. Former socialist president Evo Morales, founder of the MAS party, was barred from running. Morales had risen to power during the early 2000s “pink tide” of leftist leaders that swept…
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