Plutocrat Defeated By 21st Century Lenin In Ecuadorian Elections

Photo: Former President Rafael Correa celebrates with his successor, Lenín Moreno

Ecuador’s so-called Citizens’ Revolution is set to continue for another four years after the socialist-leaning government’s candidate for president, Lenín Moreno, won Sunday’s election with 51.16% of the vote. Moreno defeated Guillermo Lasso, managing director of Ecuador’s third-largest bank and unsuccessful candidate in the 2013 elections.

The government was always favored to hold onto the presidency and maintains a majority in parliament. However, the shrinking of the economy by some 3% between January 2015 and April 2016 due to the collapse in the price of oil fueled calls for political change.

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