Part 5 - Who Wins?
Capital, whether national or transnational, stands to win. Ecuador’s economic elites, who have mostly been satisfied with importing goods will win if an FTA is signed with the U.S. because they will avoid paying import taxes. Investors who will pay no income tax will win.
Many more will lose.
Pence’s announcement that “the U.S. will also work with Ecuador to confront the menace of drug trafficking and criminal organizations” is no good news for the people who live in Ecuador’s northern border. If U.S. cooperation with Colombia and Mexico are any indication, then these areas will likely see an increase in state and non-state violence.
Furthermore, as the state’s budget shrinks, Ecuadoreans will lose access to free public education and health. Many have already lost access to social programs like the human development bonus, and the Ministry of Social and Economic Inclusion has reported a cutback of US$10 million in their budget.
In an ongoing operation, the US imperialist hawks seek to wipe out the last Leftist governments in Latin America
Ecuador and Julian Assange in great danger as traitor Moreno is about to throw them into the hands of the US empire
WikiLeaks paper reveals Ecuadorian private business elites declared war on Rafael Correa right after his election and asked for US support