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A Refutation of Neoliberalism's Defenders in Ecuador


#1

A Refutation of Neoliberalism's Defenders in Ecuador

Jame Galbraith, Ha-Joon Chang, William K. Black, et al.

In March, more than fifty economists signed onto an open letter, written by professors Ha-Joon Chang of the University of Cambridge and James K. Galbraith of the University of Texas at Austin, ahead of this year’s presidential elections in Ecuador. The letter noted:


#2

Though I didn’t understand half of the economic stats and explanations in this letter, I understood enough to know and appreciate that CD printed it, and that it is a defense, underpinned with factual data, of the gains made in Ecuador under Rafael Correa’s presidency. I appreciate that U.S. and other developed world economists cared enough to defend the right of common people in South America to a more shared wealth and social benefit than they have gotten, historically, from the ‘Uncle Sam’ and corporate interventionism and economic domination of that continent’s governments and economies.


#3

Especially in 90’s and 2000’s IMF and World Bank caused much misery in developing nations and South America or let’s just say around the world.


#4

The U.S. M.O.: slap sanctions on them, then regime change.

https://www.counterpunch.org/2017/07/25/venezuela-on-the-edge-of-civil-war/


#5

Here is a response to the type of articles published in CD about Ecuador. They need much more substance: “The heterodox economics quackery of Ha-Joon Chang and his 50+ comrades about Ecuador” Search on Google.