Jephraim Gundzik, Condor Advisers

Privatization and exploitation of Latin America’s natural resources by foreigners certainly hasn’t been the mana that was promised. Latin Americans are much poorer for these short-sighted policies. Nationalization of the region’s natural resources at least holds the promise of keeping profits in country rather than diverting them to multinational corps. Whether these profits are used in a socially responsible manner by the region’s governments is the real question.