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Ecuador shuns socialism with Lasso's surprise election

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Posted By: Zarin, 4/12/2021 12:19:40 PM

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. Lasso took 52% of the vote in the runoff following a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz, a win likely helped by a ballot spoiling campaign that left one in six ballots void. Markets welcomed the news following months of concerns that Arauz's social spending plans would upset the government's delicate finances.

Comments:

Note the snide comment about 'ballot' 'spoiling.

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Reply 1 - Posted by: john56 4/12/2021 12:35:41 PM (No. 752219)
Yeah, once the deep state in Ecuador go to the "Deep State election training course," that'll take care of those pesky peasants wanting freedom and opportunity vs socialism and power for the entrenched.
4 people like this.

Reply 2 - Posted by: WesternTradition 4/12/2021 12:44:52 PM (No. 752237)
Viva Ecuador!
6 people like this.

Reply 3 - Posted by: Highlander 4/12/2021 12:50:32 PM (No. 752250)
Maybe I’ll move to Ecuador. Anything is better than living under a government run by a animated corpse.
4 people like this.

Reply 4 - Posted by: Ida Lou Pino 4/12/2021 1:01:47 PM (No. 752269)
I'll toast the victory - - with a mango lassi!
3 people like this.

Reply 5 - Posted by: DVC 4/12/2021 1:28:28 PM (No. 752291)
A childhood friend, who I lost track of after about HS age, and only ran into again at middle 50s had apparently gone 'druggie' and spent a lot of time in Ecuador, he told me in a brief conversation when visiting his father, a long term family friend. I got the impression that the childhood friend found drugs easily available in Ecuador, so that's why he went there. At age 55 he looked like he was 85, I didn't even recognize him when he walked into the room in his father's home. Only his voice allowed me to identify him.
4 people like this.

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Posted by Zarin 4/12/2021 12:19:40 PM Post Reply
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. Lasso took 52% of the vote in the runoff following a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz, a win likely helped by a ballot spoiling campaign that left one in six ballots void. Markets welcomed the news following months of concerns that Arauz's social spending plans would upset the government's delicate finances.
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