T he US debt is merely a fiction. The real problem lies in those who run the economy, because they protect the interests of the financial capitalists, Ecuadorian economist and President Rafael Correa told RT Spanish.
Correa believes that what he calls ‘supremacy of capital’ is what makes the world immoral.
The recent economic crises in the US and Europe did not undermine the foundations of their economies, as they retain the production capabilities, science and technology. Their problem is political.
“It’s all about scrambling for power,” Correa told RT. “This is a political rather than economic crisis; this is a problem of social accord,” he said about the US public debt crisis.