Bolivia’s ‘capitalism for all’ project sparks backlash for selling-out on natural resources

By Enrique Castañón Ballivián, Lecturer in International Development, UCL

Bolivia’s political landscape has changed dramatically since August 2025, when a general election ended the Movement for Socialism (Mas) party’s rule after nearly two decades. Its presence in Congress has all but vanished, with rightwing parties now commanding an overwhelming majority.

The new president, Rodrigo Paz Pereira, campaigned with the rightwing populist slogan: fé, familia y patria (faith, family and homeland). He swept to victory…

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