Let's examine Bolivia and the inane comment made by Evo Morales that we should abolish capitalism.
Index of Economic Freedom Business Freedom: 58.6%--"The overall freedom to start, operate, and close a business is restricted by Bolivia's national regulatory environment."
Investment Freedom: 20%--"Despite relatively simple laws, foreign investment is hindered by social unrest, weak judicial security, arbitrary regulation, a cumbersome bureaucracy, rampant corruption, and a somewhat hostile populist government"..."Nationalization continued with the February 2007 seizure of a Swiss tin interest"...."in November 2006 to certify that the state would seize "unproductive" private property."
Property Rights: 25%--"Although statutes guarantee property rights, the judicial process is time-consuming and subject to political influence and pervasive corruption. The enforcement of intellectual property rights is erratic and largely ineffective. Competing claims to land titles and the absence of reliable dispute resolution make real property acquisition risky. Expropriation is a real possibility, as is illegal squatting on rural private property"
Freedom From Corruption: 27%--Corruption is perceived as widespread. Bolivia ranks 105th out of 163 countries in Transparency International's Corruption Perceptions Index for 2006."
Labor Freedom: 30.5%--"Bolivia's labor market operates under highly restrictive employment regulations that hinder employment creation and productivity growth"..."Bolivia's labor freedom is one of the 20 lowest in the world."
Basically Evo Morales is bitching about capitalism without even trying it first. Functional capitalism requires well-defined property, which in protects people from corruption. Capitalism requires people to open and close a business with relative ease. Requires a high degree of labor freedom; the right to sell you labor along with the right to hire and fire people with ease.
The high degree of corruption is why FDI is -280.8 million. That is what happens when you seize foreign property and subject business and people to expropriation risk.
Perhaps capitalism is not at fault, but government corruption, poorly defined property rights, restrictions on business, and restrictions on labor and individual freedom.