From WSJopinion: Chile nationalizes its lithium reserves, in another sign of Latin America’s left turn, writes MaryAnastasiaOG
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: AFP/Getty Images/CNP/Zuma Press Composite: Mark KellyIt’s never a good idea to allow career politicians to manage the economy. They’re not a financially astute bunch and their incentives are all wrong. Yet developing countries rich in natural resources continually repeat the mistake.
In Latin America, it’s as if abundant blessings from above come with instructions prohibiting their productive use. For the latest example, see Chile’s socialist President Gabriel Boric’s April 20 announcement that his government will nationalize the lithium industry.
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