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Sat Oct 19, 2013, 08:47 PM

OpEdNews: Why is The Economist Chortling over the Prospect of Oil Pollution in Ecuador? [View all]

OpEdNews Op Eds 10/18/2013 at 05:39:54
Why is The Economist Chortling over the Prospect of Oil Pollution in Ecuador?
By William K. Black, J.D., Ph.D.

Reprinted from neweconomicperspectives.org

The Economist has increasingly been copying the descent of the Wall Street Journal into dogma. One of it perennial hates is President Rafael Correa of Ecuador. Correa, an economist, has committed the unforgivable offense of succeeding through economic policies that The Economist despises. This is passing strange because Correa's four foundational policies are expanded health care, expanded education, improved infrastructure, and encouraging entrepreneurs by reducing the time and cost of starting a business in Ecuador.

The Economists' pages are littered with praise for right-wing governmental leaders and candidates who promise that they will implement those same four policies (but rarely do in practice). Correa has actually delivered on his promises -- quickly -- and the improvements in the economy of Ecuador and the lives of ordinary citizens have been huge. The result is that Correa is the second most popular head of state in the Americas.

"Danilo Medina of the Dominican Republic and Ecuador's Rafael Correa of Ecuador are the two most popular leaders in the western hemisphere, according to a survey by the Mexican polling firm of Consulta Mitofsky. The two posted approval ratings of 88% and 84% respectively in a survey of American leaders."

(And, as the link shows, Ecuador has qualified for the World Cup despite the tragic death of a star player.)

Correa's popularity is over twice as high as the heads of state in the Americas such as Canadian Prime Minister Harper and Chilean President Sebastiƃ ”n Piƃ ±era Echenique that the Economist praises. The Economist has lost the discipline to contain its hate and play it straight when it comes to Correa. Its September 28, 2013 article tries to pervert the approval of the people of Ecuador for their elected leader into an attack on Correa. Even weirder, it portrays policies it claims to champion (Correa's four foundational policies), as akin to bribing the populace.


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Reply OpEdNews: Why is The Economist Chortling over the Prospect of Oil Pollution in Ecuador? [View all]
Judi Lynn Oct 2013 OP
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