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Ecuadorians Reject 'Neoliberal' Banker in Favour of Progressive for President, Ex-Diplomat Explains


Ecuadorians Reject Neoliberal Banker in Favour of Progressive for President, Ex-Diplomat Explains
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REUTERS / Santiago Arcos
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Sputnik International
https://sputniknews.com/analysis/202102081082011899-ecuadorians-reject-neoliberal-banker-in-favour-of-progressive-for-president-ex-diplomat-explains/
Ecuador has seen a significant decline in living standards over the last few years after the current president, Lenin Moreno, abandoned his original campaign platform and instead imposed intensive austerity and privatisation policies pushed by the likes of failed presidential candidate Guillermo Lasso and institutions like the IMF.
Exit polls show Ecuador s progressive candidate Andrés Arauz winning the first round of the country s presidential elections held on 7 February 2021. However, it appears that Arauz did not win by enough of a margin to avoid a second runoff. The election has been marred by alle ....

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Ecuadoreans choose president amid economic turmoil


Ecuador election goes into run-off with Arauz in the lead
Published
image captionAndrés Arauz, the leading candidate, accompanied his 106-year-old grandmother to the polls
Left-wing economist Andrés Arauz has won the first round of Ecuador s presidential election with about 32% of the vote - not enough for an outright victory, preliminary results show.
The run-off is scheduled for 11 April.
It is not clear at this point whom Mr Arauz will face in the second round as indigenous leader Yaku Pérez and conservative banker Guillermo Lasso are neck-and-neck.
With about 95% of vote counted, they were drawn with 19.7% each.
Full officials results of Sunday s election are expected to take days, especially as the candidates are likely to demand a manual recount. ....

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Links 2/7/2021 | naked capitalism


We go to war with “West Vietnam” again, imagine all heck breaking loose. The headlines write themselves!
Dftbs
Re: Biden’s China trade policy in the SCMP. I’m incredibly doubtful of the honest desire the Democrats would have to repatriate manufacturing, and honestly I am doubtful of theirs, or any one’s, ability to do so.
I agree that it reads as smart politics to say you’ll shift the balance of power away from wall st. But unfortunately for the Biden administration, this would undercut the other ambitious goals they have for the country.
An earlier post on this blog(Hudson 2/6) accurately described how the current monetary system which allows for the projection of American power arose and is supported by the structural deficit in the balance of payment as well as the crushing of labor power. ....

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