Source: Cobden Centre
by Elias Sanchez
“Throughout history, policymakers have repeatedly fallen prey to what Friedrich Hayek termed the fatal conceit — the belief that social and economic orders can be consciously designed and imposed from above. As of March 2025, former Bolivian Vice President and enduring neo-Marxist intellectual Álvaro García Linera has weighed in on Bolivia’s deepening hydrocarbons and dollar crisis. Chronic shortages of diesel and petrol, accompanied by days-long queues, are the cumulative consequences of two decades of state-centric economic mismanagement initiated during Evo Morale’s presidency following his 2005 rise to power. These outcomes have been exacerbated by constitutional overreach and persistent regulatory interventions that have distorted market signals and undermined energy sector efficiency.” (07/01/25)