Wednesday, May 03, 2006

Ollanta Humala's Reaction to Evo's Nationalization

Presidential candidate Ollanta Humala denied that he would do something similar to Evo Morales. The difference would be that he (Humala) does not support expropriation or "statization" of the companies in the energy sector, only nationalization. When asked what this nationalization meant, he replied that it was state participation through enterprise ownership, stock shares, strengthening of regulation, taxes and new contracts, but witht the partnership of private investment. Read it here.

Evo Morales' decree does not explain and most of those involved are still waiting for details. Humala's proposal so far, however, does not sound awfully different. Another Chavez alumn at work.

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