Dollarization

As Elections Near, Ecuador’s Working Poor And Colonized Under Siege

April 4, 2025 Clau O'Brien Moscoso, Black Agenda Report. Educate! Dollarization, Ecuador, Elections, Neoliberalism

As Ecuador heads into a very important run-off election on April 13, the issues of security, state violence and the economy remain at the forefront for many Ecuadorians. Dollarization, submission to U.S. dictates, the proliferation of arms shipments through privately owned ports, and the expansion of international drug cartels to justify military presence have all combined to make the living conditions of the poorest unbearable, especially for African and indigenous communities with a constant war directed at them from the militarized structures of the state, like the case of the Guayaquil Four .

Ecuador: Luisa González Signs Unity Pact To Counter Neoliberalism

April 1, 2025 Orinoco Tribune. Strategize! CONAIE, Constituent Assembly, Daniel Noboa, Dollarization, Economic crisis, Ecuador, Indigenous movement, Neoliberalism, US Imperialism

This Sunday, March 30, as the electoral campaign for Ecuador’s presidential elections on April 13 progresses, Luisa González, candidate of the leftist Citizen Revolution movement, participated in the National Meeting for an Equitable, Plurinational, and Violence-Free Ecuador. There, she signed an agreement with indigenous movements and other social organizations ahead of the runoff. Before tens of thousands of people gathered in Tixán, Alausí canton, Chimborazo province, González signed a roadmap to advance toward unity with Guillermo Churuchumbi, national coordinator of the Pachakutik movement.

Can We Exit From A World Of Debt?

March 27, 2025 Vijay Prashad, People's Dispatch. Educate! Debt crisis, Deindustrialization, Dollarization, Global South

In the past two decades, the external debt of developing countries has quadrupled to USD 11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to 99% of the export earnings of the developing countries. This means that almost every dollar earned by the export of goods and services is a dollar owed to a foreign bank or bond holder. Countries of the Global South, therefore, are merely selling their goods and services to pay off debts incurred for development projects, collapsed commodity prices, public deficits, the COVID-19 pandemic, and the inflation due to the Ukraine war.

The Safest Country In Latin America Became A Money Laundering Hub

January 30, 2025 Clau O'Brien Moscoso, Black Agenda Report. Educate! CIA, Dollarization, Ecuador, Latin America, Money Laundering, US Imperialism

Once on track to be the safest country in Latin America, now Ecuador finds itself mired deep in gang violence, robberies, assassinations and insecurity. Under the last three neoliberal governments of Lenin Moreno, Guillermo Lasso, and current president Daniel Noboa, there has been a surge in violent crime that has derailed any of the gains made during the leftist Correa government. On January 3rd, Black Agenda Report contributor Clau O’Brien Moscoso spoke to economic analyst Juan Fernando Terán to discuss how the surge in violence in Ecuador has political, economic and geostrategic dimensions, with implications for the whole region.

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