The BBC news service of 5 May reported that Bolivia's left wing indigenous President Evo Morales has moved to renationalise Bolivia's foreign energy and telecommunications companies. These had previously been privatised behind the backs of the Bolivian people in a process of IMF mandated 'reforms' which began in 1985 under the guidance of shock doctor Jeffrey Sachs.

See also Morales sets Bolivia recall date from BBC News of 12 May 08, Morales: The Problem is Capitalism from La Prensa of 17 May 08, Bolivia's Red Ponchos call to arms Youtube broadcast about Bolivia's indigenous pro-Morales militias - 04 May 08