Rioting broke away in Cochabamaba, Bolivia’s 3rd biggest city (pop.800,000) whenever prices finally reached 200%.

Rioting broke away in Cochabamaba, Bolivia’s 3rd biggest city (pop.800,000) whenever prices finally reached 200%.

Despite martial legislation and also the Army opening fire on thousands (1 killed, 1000s wounded), demonstrators protested for months with basic strikes, street rallies, plus an online campaign against Bechtel. Finally in April 2000, the federal government canceled the agreement. Bechtel sued for $50,000,000 within the WB court (loss in investment/future profits). A worldwide firestorm against it burned therefore fiercely that to save lots of face, it dropped the actual situation and awarded Bolivia 30 cents.Continue reading