Ecuador’s masses rise up against neoliberal policies
By Kim Barzola
Photo: Telesur
On October 2, Lenín Moreno, President of Ecuador, signed a series of economic austerity measures to drastically cut back on social spending in order to access a 4.2 billion dollar loan from the International Monetary Fund. The Decree 883 eliminates state funded fuel subsidies, a staple program for the past 45 years, as well as major cuts to public sector salaries, benefits and pensions. The prices of gas, the major fuel source across the country, immediately spiked up over 123 percent unleashing a wave of protests in response to calls from major trade unions and transport workers to strike just one day after the measures were announced.
With high fuel prices affecting Ecuador’s most poor and working class most sharply, thousands of working peop...
