lunes, 30 de junio de 2014

Pres. Correa: "Markets are a terrible master"

Hi everyone, 

I would like to share with you this interview to our president, Econ. Rafael Correa Delgado when he was in U.S.A some months ago. There is the link to check it out: http://www.indybay.org/newsitems/2014/04/29/18755008.php


What I found really interesting about this interview is the constant and exaggerate critics to markets that Pres. Correa always does when he has the chance. Specially, when this government has take advantage of Globalization as any of the previously government has ever done. The international connections with China, Russia, Middle Orient and even Europe are an exemplification of this. But Pres. Correa insists in criticize markets, even when markets work for his government and help him to support some of his worldwide campaigns against the idea of free market. 

We all know, Pres. Correa is a socialistic politician and he has to keep some of the main conceptualizations of its ideology, but I think it's quite immoral to take free market as a slave to support economically its campaigns and then accuse it for all the problems Ecuador and the world have right now. In his own words: "Markets are a very good servant, but a terrible master" whit which they tried to conceptualize Globalization and its power in politics by demonizing the idea of free market and use it in his political speech to magnify his powers and political image globally. 

Finally, I would take something good about his words, “We believe in societies with markets, but not in societies [ruled] by markets", something that I devotedly believe in. But this statements bring one question into my mind, how far governments around the world should go to "control" those unstoppable and increasing interactions and interdependence?

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