Bolivia’s President Paz vows “Capitalism for All” Amidst Economic Concerns
LA PAZ, BOLIVIA – October 20, 2025 – Newly inaugurated Bolivian President Luis Paz has declared an intent to implement “capitalism for all,” signaling a significant economic shift for the nation. The declaration, made following a contentious election, is already facing skepticism due to concerns over a substantial budget deficit and potential clashes with powerful social movements.
Paz’s victory marks a turning point for Bolivia, a contry historically characterized by socialist policies and strong state intervention in the economy. He campaigned on a platform of attracting foreign investment and stimulating economic growth, promising prosperity for all citizens. However, analysts point to a considerable gap in the national budget as a major obstacle to fulfilling these pledges. the new administration will need to navigate complex political alliances, both within parliament and with influential social groups, to enact its agenda.
Paz acknowledged the challenges ahead, stating his goverment will be founded on ”consensus” to foster progress and strengthen diplomatic ties, particularly with the United States and neighboring countries. Despite his party failing to secure a parliamentary majority, Paz intends to govern through coalitions.
A key test of his administration’s ability to build consensus will be its relationship with Bolivia’s largest labor union,which has already voiced opposition to any reduction in social welfare programs. Paz’s success hinges on balancing his pro-market reforms with the expectations of a population accustomed to robust social safety nets. The coming months will reveal whether his vision of “capitalism for all” can overcome Bolivia’s economic realities and political divisions.
