Joseph Stiglitz on the left turn in Latin America and the privatization of Iraq http://www.thecommentfactory.com/joseph-stiglitz-on-the-left-turn-in-latin-america-and-the-privatization-of-iraq-2900

MK: Do you support the policies being implemented by Hugo Chavez and Evo Morales?JS: Again it's the same kind of thing; there are lots of different policies. One of the things they did that makes a lot of sense is renegotiate the contracts. It was clear that the previous governments had really given away the natural resources under terms that were disadvantageous to the people of those countries. And we say in economics, There was a lot of money on the table; they succeeded in renegotiating so there's a lot more money on the table for the people of Bolivia and Venezuela, that made a lot of sense.