Juan Velasco Alvarado Velasco at its helm as President. Velasco's administration articulated a desire to give justice to the poor through a regime of nationalization known as Peruanismo. Velasco's rule was characterized by left-leaning policies, which aimed to create a strong national industry to increase the international independence of Peru. To that end, he nationalised entire industries, expropriated companies in a wide range of activities from fisheries to mining to telecommunications to power production and consolidated them into single industry-centric government-run entities ("PescaPeru", "MineroPeru", "Petroperú", "SiderPeru","Centromin Peru", "ElectroPeru", "Enapu", "EnatruPeru", "Enafer", "Compañia Peruana de Telefonos", "EntelPeru", "Correos del Peru", etc.), and increased government
José María Velasco Ibarra José María Velasco Ibarra José María Velasco Ibarra (March 19, 1893 – March 30, 1979) was an Ecuadorian politician. Five times he became president of Ecuador: 1934–1935, 1944–1947, 1952–1956, 1960–1961, and 1968–1972. But only once (1952–1956) did he complete the full term. In his four other exits he was removed by military force; indeed several times he was installed as president through a military coup. Ecuador was notably unstable – with 17 constitutions after independence in 1830, . Velasco Ibarra was a fiery populist who did not have a formal party organization. Rather it was his populist rhetoric that attracted