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Tag: Economist

Why is The Economist Chortling over the Prospect of Oil Pollution in Ecuador? Bill Black

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.