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"Governments like Bolivia's tried the task themselves before, abandoned it as too costly, and turned to private companies in the 1990's. Today as privatization is rejected, foreign investment is plummeting across the region and the challenge is being returned to states perhaps less equipped than a decade ago."
http://www.nytimes.com/2005/02/22/international/americas/22bolivia.html?thThe article is about how south american governments are walking away from privatization disasters pushed on them by the globalists via imf and world bank strong arming, such as bolivia's water utilities.
Bolivia didn't abandon public water systems 'because they were too costly' Bolivia was pushed into privatizing the water systems and it was a disaster. The government responsible was pushed out of power by a lot of very angry bolivians.
The slant in the story, which simply ignores the recent history of the crack-up of globalization in south america, the massive failures such as the collapse of the entire argentinian economy, instead appears to blame the whole mess on the leftward drift of latin american politics and warns that those bad lefties are driving away foreign investments. Oh boo-hoo. This article would be unremarkable if it were in the WSJ.
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