Professor from U.S. gives talk on “Ecuadorian Economic Miracle”

THE REALNEWS.COM REPORTED: BILL BLACK, ASSOC. PROF. ECONOMICS AND LAW, UMKC: Thank you.

DESVARIEUX: So, Bill, I know that you recently returned from Ecuador. Can you just paint a picture for us of what the economic situation is like there down in Quito?

BLACK: Yeah, I just got back on the red-eye about two hours ago. So if I fall asleep during the interview, I hope people will understand.

I gave a talk, primarily, at one of their major universities in Quito, called FLACSO, and it was very well attended. They filled not only the assembly area but the entire overflow area, where they had to pipe in the address. Read Article
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THINKING OF LIVING IN ECUADOR – READ THIS BOOK
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The talk I gave was about the Ecuadorian economic miracle. And the super-short version of it is that I went back to what American conservative scholars were writing just before President Correa was elected in 2006, and they were emphasizing what a disaster Ecuador was and what a disaster it was almost certainly going to continue to be, that it had no stable government, that its elites–remember, this is an American conservative writing this–that its business elites had no real attachment to democracy, that they worked with the military behind the scenes to remove, unconstitutionally, elected governments, that the debt of Ecuador was crushing, and that there–really, everything that one could predict was that it was likely to get worse, not better.