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Latin American News

Bolivian President Blasts Capitalism

Tuesday, May 22, 2007 11:20:47 PM

LA PAZ, Bolivia (AP) - President Evo Morales called capitalism the "worst enemy of humanity" at a conference of Latin American leftist intellectuals on Tuesday.

A coca-growers' union leader who became Bolivia's first Indian president, the leftist Morales has nationalized oil and natural gas resources as part of his effort to redistribute wealth in South America's poorest country.

"The transnational corporations always provoke conflicts to accumulate capital, and the accumulation of capital in a few hands is no solution for humanity," Morales said at forum in Cochabamba. "And so I have arrived at the conclusion that capitalism is the worst enemy of humanity."


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