Hurricane-force neoliberalism in the Caribbean

[guillaumeb]

From the article:

But Puerto Rico's struggles reach back far beyond this fall. "[T]he devastation of neoliberal policies has made Puerto Rico's crisis following Hurricanes Irma and Maria much, much worse," SW concluded in an editorial.

Because Puerto Rico is held by the U.S. as a "territory," it will be forced to depend on the federal government for the funds and resources needed to rebuild. This will come on top of a debt regime and other aspects of the U.S. colonial relationship with Puerto Rico that set the stage for the island's crisis before the hurricanes hit.

And now, the aftermath of Hurricane Maria will present another opportunity to increase the U.S. government's and Corporate America's control over the lives of the Puerto Rican people.

To read more:

https://socialistworker.org/2017/12/06/hurricane-force-neoliberalism-in-the-caribbean

Capitalists never let a good crisis go to waste, and every crisis can be exploited for profit. The article applies to numerous of the Caribbean islands.

[greeny2323]

1. LOL

I love how the word "neoliberal" is used for anything and everything, as long as some bad result happened.

And socialism FUCKING SUCKS, by the way.

[guillaumeb]

2. Did you read the article?

Are you aware of how many hedge funds hold Puerto Rican debt that they purchased at pennies on the dollar?