Left wing candidate Rafael Correa wins the presidency in Ecuador. Rolling Thunder contributor MGraves sees this as a trend:
I’d wager that the election of Rafael Correa will lead to the reversal of Ecuador’s dollarization policy, wherein Ecuador has dropped its currency in favor of the U.S. dollar. Of more immediate concern to the U.S. is the march of capitalism rejection taking hold in Latin America. Evo Morales, Hugo Chavez, the return of Ortega, Obrador’s parallel government, and now, the potential elevation of a Chavez ally in Ecuador, are beginning to look like the head of a trend. This is not to say that Correa is an anti-capitalist in the vein of Chavez or Castro, as Correa has served as the finance minister of Ecuador during the dollarization, but his ties to Chavez are cause for concern.
|