It may seem obvious to a layperson that failing to support an economy’s labor force must come at a cost. Yet conventional economic models render nearly invisible – or simply wave aside – a dimension of inequality that pervades economic policymaking and macroeconomic outcomes.
Not everyone has lost out from the “polycrisis” that we are now enduring. Perversely, both extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. Worse, a host of other problems also now demand our immediate attention – from high and rising debt and increasing job precarity to inflation, climate change, and food insecurity.
To reconfigure our economies for growth and sustainable development, we must go back to the intellectual drawing board to identify elements of economic theory and practice that have been overlooked. For example, even though the pandemic exposed deep flaws in how we think about care, many governments and businesses continue to neglect this dimension of the economy.
Bolivia will hold presidential elections on October 18, 2020, after numerous delays and an interim unelected presidency after the October 2019 elections. The nation’s former president, Evo Morales, who ruled land-locked Bolivia from 2006 to 2019, will not be running after a dramatic resignation. Instead, the election pits Luis Arce, the candidate of Morales’s party, against the ex-president Carlos Mesa.
Bolivia had previously limited presidents to two consecutive terms. However, in 2013, Morales was able to run for a third term after it was found that the introduction of a new constitution in 2009 made his first term moot for counting purposes. In 2016, a referendum on whether or not to change the constitution to allow Morales to run again failed to yield results in his favor. This was reversed by Bolivia’s Plurinational Constitutional Tribunal, who ruled that term limits no longer existed for any elected official. Morales announced his candidacy for the 2019 Bolivian presidential elections in May of 2019. Luis Almagro, head of the Organization of American States (OAS), stated that given the tribunal’s ruling, Morales should be allowed to run. The election was held in October of 2019, and Morales needed a 10-point lead in order to prevent a runoff election. When Bolivia’s Supreme Electoral Tribunal released results with 83% of the vote counted, Morales was in the lead – but not enough to prevent a runoff. Then, the website went dark, and when it returned, Morales had won by just over 10 points. The OAS released a report on November 10, 2019 that found the election’s “process was contrary to best practices and failed to abide by security standards … Given the irregularities observed, it is impossible to guarantee the integrity of the data and certify the accuracy of the results.” The post-election public outrage led to weeks of protests and Morales’s resignation.
In the headlines: Protests take over Bolivia, Chile, Ecuador, and Haiti; Argentina puts Peronists back in power; Brazil suffers the largest oil spill in its history while former President Lula is released from prison; and more.
Evo Morales, tenant of the Palacio de Quemado for 13 long years now, rejected the fact that 51.3% of Bolivians voted “No” in the 2016 referendum for his fourth presidential candidacy in October 2019. To do so, the Constitutional Court ruled that the same Constitution Morales passed in 2009, which limited presidential reelections, violated his political right to run for office. The ruling stated that term limits were essentially a human rights violation, and, therefore, overruled the Constitution to allow Morales to run for reelection. Now, with all the resources of the state in his favor, Morales will be the candidate of the governing party once again. His reelection in 2014 and the 2006 Constituent Assembly have been questioned as well. However, some disregard these criticisms based on the economic and social achievements of Morales’ administration.