The Black Market Reigns Supreme amid Confiscatory Regime
Mauricio Ríos—founder of Crusoe Research and a macroeconomic analyst—explains in this podcast episode how Bolivia has become a narco paradise. He contends most of the people in Bolivia work in the informal economy, specifically in black markets. Black markets have been growing in Bolivia due to excessive taxes, regulations on the labor market, lack of respect for private property, and investors fleeing the country. The trend suggests a black market growing even further. Ríos also analyzes how regionalism has soared in Bolivia since the Evo Morales constitution in 2009.