Feed on
Posts

Ecuador has a new constitution and we are sharing thoughts about what this means.

I shared my views at Ecuador’s New Constitution but I am not a political pundit of any sort. As a businessman I must be optimistic by nature and focus more on adapting to “what is” rather than “what might or could be”.

So I asked many of my friends in Ecuador, from many walks of life, what they think about Ecuador’s new constitution. Here is the second reply from an American businessman who has lived in Quito for many years with his Ecuadorian wife and two children who were born and raised in Ecuador.

Here are the views he shared:

Gary,  I have not reviewed all 400 plus articles of this constitution but here are a few observations.

There will obviously  be some good which will come of all this.
However, now there is over concentration of power in the Presidency which is dangerous and no congress for a check and balance. Supposedly there will be a mini congress of sorts likely composed of assembly people to fill this void.

Voting ability for 16 year olds, my first thought was that this is a group that is vunerable to brainwashing and thus in future  the president  can capatilize on this new segment to get more votes to remain in power.

Many articles in new constitution will be subject to interpertation by the Supreme Court to which the president  will appoint people who are with his ideology. Anyone against him as has been seen in past legal positions or in his cabinet are promptly dismissed.

It apears there will be much assistance for small  producers which is excellent. Plus the constitution sees more state involvement in the economics and social activity. Not certain how this will really work.

Any assistance to the current Social Security system and its hospitals will be welcome and this is an area which will supposedly be helped.

The real question. The “Yes” vote was won. Reality  now sets in. Campaigning is over. What next?

Frankly I am uneasy with the new constitution although time will tell how it really works. It is number 20 and with many similar players so vamos a ver.  (we will find out)

On a pure business level,  the continual government enforced wage increases, double digit inflation, poor investment climate, and random robbery and assaults are no fun.

I still love the place but am looking forward to hopefully some positive changes.

There you have it, a view from an American in Quito for many years.

See the previous views at:

View #1

Gary

Merri and I love our lives in North Carolina’s mountains but autumn’s gold is here

multi-currency-leaf change

Instead of sitting in the cold and gray we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this.

multi-currency-views

Join us in Ecuador and enjoy the festivals.

multi-currency-festivals

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
http://www.garyascott.com/catalog/ecuador-import-and-export-tour

Enjoy the colors…

multi-currency-colors

and the grace of the people.

multi-currency-grace

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve Marchant, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
http://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condos

multi-currency-Ecuador-condo-bedroom

multi-currency-Ecuador-condo office

Nov 10-11 Imbabura Real Estate tour
http://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. Enjoy the Vistazul fresh seafood caught in front of the hotel by these fishermen on Ecuador’s Pacific.

San Clemente Fishermen

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
http://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours


Similar Articles

The following articles contain content that is similar to this article, "Ecuador constitution Views II":