...stock in any company that invests in Bolivia in your retirement account? That would make you the "bad guy", and there is a chance that the Bolivian government would decide that, since you are the "bad guy", they can seize the investment without compensation. That would negatively affect your stock and reduce the amount of money you have for retirement.
Let me assume that you are a rational person. Under those circumstances you would not want any of your retirement funds invested in Bolivia. You would want them invested in places where your property is secure. I, for one, would not invest in Bolivia. Nor would I buy Greek bonds. Apple computer - good, safe buy. And doing well too.
If you are a responsible fund manager, say for a union pension fund, you would definitely not invest money in a country where the property is not secure. Nationalization of assets might mean that union members would not be able to get their pension payments, a very bad outcome indeed. In fact, I would bet that the there are many Spanish workers whose pension plans had a stake in this investment. After all, how do you think retirement works? You save, and invest those savings and how they grow so that when you retire you can use the investment account to pay for your expenses.
Unless Bolivia comes to a mutually agreeable compensation for the nationalization of this property, those Spanish people who property is being seized will be financially damaged and everyone else in the world will think twice before investing in Bolivia.
Bolivia is a poor country that needs investment to develop its infrastructure. No one is forced to lend them money. Investors do that because they get something out of it. Now Bolivia will have to offer investors more in order to get them to risk their money.
Some people, of course, take the position that that is just exploitation. Fine. Bolivia doesn't have to borrow money from anyone and then it won't be exploited. It looks like it is moving in a direction that will produce that outcome. Good luck with that. And speaking of good luck, here is a quote from Robert Heinlein, the science fiction author:
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as “bad luck.”
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