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April 23, 2021 Links International Journal of Socialist Renewal reposted from CADTM On 11 April 2021, Guillermo Lasso (52,4%), the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second round of ballots for the presidential election. Lasso was elected thanks to the division of the Left, since a significant part of it, which has become deeply diffident of Rafael Correa, called for a null vote. Votes on the popular side, that represented a clear majority in the first round of February 2021, were divided, which made it possible for a former banker to be elected president. The situation is serious for an opportunity to break away from Lenin Moreno’s brutal neoliberal policies has been lost. Former banker Lasso, though critical of Lenin Moreno’s positions out of sheer electoral calculation, will continue in the same harmful direction: a deepening of neoliberal policies, submission to ....
On 11 April 2021, Guillermo Lasso (52,4%), the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second round of ballots for the presidential election. Lasso was elected thanks to the division of the Left, since a significant part of it, which has become deeply diffident of Rafael Correa, called for a null vote. Votes on the popular side, that represented a clear majority in the first round of February 2021, were divided, which made it possible for a former banker to be elected president. The situation is serious for an opportunity to break away from Lenin Moreno’s brutal neoliberal policies has been lost. Former banker Lasso, though critical of Lenin Moreno’s positions out of sheer electoral calculation, will continue in the same harmful direction: a deepening of neoliberal policies, submission to the private interests of Big Capital, particularly of Ecuador’s powerful banking sector and of t ....
“The election of Lasso as president opens a new stage in the implementation of policies that will be even more favourable to Ecuadorian Big Capital, to foreign multinational corporations, to an alliance among right-wing presidents in Latin America and to the pursuit or indeed reinforcement of US domination on the continent.” ....
Wednesday, January 13, 2021, 10:59 GMT+7 Young people in Ho Chi Minh City opt to use credit cards because of favorable deals but fall prey to debts. Photo: Cong Trieu / Tuoi Tre Credit services can be a double-edged sword. While many young people in Ho Chi Minh City find them a good tool to enjoy promotion and discounts, others slip into unpayable debts. “I want it, I get it, said Le Quang, a 27-year-old blue-collar worker in Tan Phu District, Ho Chi Minh City. Credit services will take care. It’s nonsense to save up enough money for things you desire. If I apply for a loan, an interest rate will be the same.” ....