Namely: Investing, Ecuador, stimulants, do-goodery, and controversy.
Governments take all kinds of measures to boost business—from creating subsidies and setting standards to loans and fiscal stimulus—so it’s not unusual that the government of Ecuador is investing taxpayer money like a venture capitalist to get a new industry off the ground. It is unusual, however, that socialist Ecuadorian President Rafael Correa is using public funds to buy ownership shares in a Brooklyn startup.
Read more in Social(ist) Impact Investing: Why Ecuador Invested $500,000 in a Brooklyn Startup
