Ecuador shuns socialism with Lasso's surprise election

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Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency following a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz

-Banker Guillermo Lasso unexpectedly won Ecuador’s presidency on promises to revive an economy battered by the coronavirus while his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.

“We will work together from now on for true change,” Lasso wrote on Twitter. “Today we woke up in peace and with the certainty that better days are coming for everyone.” It differed sharply from Arauz’s promises of handing out $1,000 to a million poor families and returning the country to the social welfare programs of former President Rafael Correa, Arauz’s mentor.“I hope he keeps his promise of creating jobs, because seven in 10 Ecuadoreans want formal employment,” said Juan Pablo Hidalgo, 33, a neighborhood activist in Guayaquil, Ecuador’s largest city. “It’s a moment in which we should all be united.

Lasso will also face a signficant challenge from Yaku Perez, an indigenous leader who nearly made it into the presidential runoff vote on an environmental platform that included a proposal to ban industrial mining.

 

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Nobody bought the tale of Arauz.

So how long do we think before the evidence comes out?

Socialism rejected in an election again.

nice

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