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Reply #3


Response to Judi Lynn (Original post)

Mon Oct 21, 2013, 03:19 AM

3. Contrary to the opinion of our RW poster, above, it is a brilliant article...

...and we need many more like it, exposing the disinformation and sneering "neo-liberal" propaganda of the Econo-myst and all of its Associated Pukes brethren (the entirety of the corpo-fascist press).

The article, by William Black, quotes extensively from the Econo-myst.

Here is one example of William Black's analysis. First he quotes the Econo-myst:

"Mr Correa is popular, thanks to an economic boom engineered by higher public spending, paid for by raising oil royalties and Chinese loans."


So much bile and misleading innuendo in a single sentence! Note that when The Economist praises Texas and other states with Republican governors that have benefited from surging energy prices it has never dismissed their accomplishments as the products of increased oil prices. Does The Economist deny that Correa should be praised for raising oil royalties? No, this is simply innuendo designed to imply that something virtually everyone believes was desirable and successful is somehow suspect. Is The Economist claiming that nations should not borrow from China? No. Is it claiming that Ecuador is paying an excessive rate of interest to China? No. Is (the Economist) claiming that Ecuador's foreign debt under Correa has grown to dangerous levels? No. The CIA states that Ecuador has one of the lowest pubic debt ratios in the world. Of the 155 total nations for which the CIA reports data on public debt, 125 nations have higher ratios of debt than Ecuador. In fact, The Economist is not making any substantive attack on Correa's actions in raising oil royalties or on Ecuador borrowing from China. Instead, it has deliberately engaged in clumsy innuendo because it has no substantive argument. --from the OP (my emphasis)


I was particularly impressed with Black's understanding of the oil/environment swap that President Correa offered to wealthy nations--that tiny, poor Ecuador could preserve this oil-rich region from drilling if the wealthy nations, who are causing the great bulk of environmental damage worldwide, would pay them to preserve it.

Black has fingered THE most sensitive issue for the Left in the modern era: the economy vs. the environment. And he brilliantly explains this excruciating and tragic dilemma, for which there seems to be NO solution--yet Correa came up with a solution, which was rejected by the wealthy, heavily polluting countries of the world (including our own).

This article is not only well worth reading, it is well worth thinking about in depth. How do we solve this problem of the economy/development vs. the environment/life on earth? ESPECIALLY in a region--Latin America--with so much poverty?

We should APPLAUD the use of a resource--such as oil--to help the poor, to provide education and health care, and good jobs and pensions for the elderly, and new school buildings and roads, and so on. This is what Leftists are doing in the Latin American countries that have honest, transparent election systems and thus leaders who are truly "of, by and for" the People: They are using the oil, for instance, in the best way possible for the benefit of all.

Yet, yet, yet, we KNOW that global warming is caused mostly by the burning of fossil fuels, that this is KILLING the planet, and that we MUST convert to non-polluting energy.

Don't expect the Econo-Myst, nor its Associated Pukes brethren, to help solve this problem. THEIR goal is to get that oil wealth back into the pockets of the 1%. They are cynical purveyors of CRAPASS LIES on behalf of the uber-rich. They are JERKS.

Mr. Black brilliantly exposes them!

Now just imagine if this kind of analysis was the norm in our newspapers, news magazines and TV/radio media, rather than virtually non-existent. INTELLIGENT analysis, from the perspective of THE PEOPLE, discussing tragic economic/environmental dilemmas--of which there are many--and examining proposed solutions.

We would have a quite wonderful revolution. And we would start solving problems!

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Judi Lynn Oct 2013 OP
Demeter Oct 2013 #1
Socialistlemur Oct 2013 #2
LineNew Reply Contrary to the opinion of our RW poster, above, it is a brilliant article...
Peace Patriot Oct 2013 #3
Judi Lynn Oct 2013 #4
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