Ecuador: The Restoration of Neoliberalism and the Monroe Doctrine – Global Research

ecuador:-the-restoration-of-neoliberalism-and-the-monroe-doctrine-–-global-research

10-11-19 04:09:00,

On November 7, 2019, the National Court of Justice of Ecuador ratified the preventive detention of former president Rafael Correa, along with a number of his former officials. Immediately after the court rendered its decision for pretrial detention, Correa rejected accusations of bribery, illicit association and contributions to his political campaign between 2012 and 2016, while he was the leader of Alianza Patria Altiva i Soberana (PAIS). Correa founded Alianza PAIS in 2006, as a democratic socialist political party with an objective to achieve economic and political sovereignty, and foment a social and economic revolution in the nation, which came to be known as The Citizens’ Revolution (La Revolución Ciudadana).

During his presidency, which lasted from January 15, 2007 to May 24, 2017, Correa introduced a brand of 21st century socialism to Ecuador, with a focus on improving the living standards of the poorest and most vulnerable segments of the population. His presidency was part of ‘the revolutionary wave’ in Latin America, referred to as ‘Pink tide’, where a number of left-wing and socialist governments swept into power throughout the continent during the 2000s, including Cristina Néstor Kirchner and Fernández de Kirchner in Argentina, Evo Morales in Bolivia, Luiz Inácio Lula da Silva in Brazil, Manuel Zelaya in Honduras, Daniel Ortega in Nicaragua, Fernando Lugo in Paraguay, and Hugo Chávez in Venezuela. All of these governments were opposed to neo-liberal economic policies and American imperialism.

While he was president, Correa raised taxes on the rich and cut down on tax evasion, and increased public investment on infrastructure and public services, including publicly-funded pensions, housing, free health care and education. His government ended up building many schools in different parts of the nation, particularly the countryside, and provided students with nearly all of the materials needed to further their studies. President Correa also more than doubled the minimum wage, which contributed to significantly reducing socioeconomic inequality. In 2018, a World Bank report explained that:

Ecuador has made notable improvements in reducing poverty over the last decade. Income poverty decreased from 36.7 percent in 2007 to 21.5 percent in 2017. In addition, the share of the population living in extreme poverty fell by more than half, from 16.5 percent in 2007 to 7.9 percent in 2017,

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