A half-hour talk with Rafael Correa on Spanish TV. In it, he points out how Ecuador prospered while Europe fell into crisis, kicks serious banker butt, and, as an economist by training himself, makes the excellent point that Latin Americans are “experts in crisis”, and know how to survive. And they didn’t get there by giving in to the bankers, either. Or by succumbing to austerity measures, the current prescription of choice (and very limited success) in Europe. What works? A bigger public sector, and socialist rather than capitalist measures. After all, an economy can’t grow on empty pockets.
