The Destructive Legacy of US Economic Statecraft in Latin America and the Caribbean
Could a progressive U.S. administration marshal economic power at the service of people, not capital?
Puerto Rico
Puerto Rico’s Botched Disaster Relief, Unsustainable Debt, and Economic Failure Linked to its Colonial Status
The Board has a new plan that is more optimistic, and less realistic, than the old one. There is a serious risk that it will again get caught in a downward spiral of austerity to pay for unsustainable debt service, more emigration, and continued economic
One Year after Hurricane Maria, Employment in Puerto Rico is Down by 26,000
Puerto Rico’s economy has had considerable problems over the last decade, and Hurricane Maria, which struck the island just over one year ago and was the worst natural disaster on record in Puerto Rican history, greatly exacerbated them. Despite nearly un
Puerto Rico’s Colonial Legacy and its Continuing Economic Troubles
Given that the people of Puerto Rico have no democratic representation or say in this process, it is not surprising that their colonial rulers are ignoring their needs.
Puerto Rico’s Peculiar Case: Bankruptcy of an Unincorporated Territory
September 7, 2018, Lara Merling
Puerto Rico’s Crisis Has Been Good for Many — Just Not the Island’s Residents
With its authority recently upheld by the courts, Puerto Rico’s Federal Management and Oversight Board (known simply as “the Board”) continues to impose harsh austerity measures on the people of Puerto Rico. But while residents face pension cuts, school c
The Pain of Puerto Ricans: A Profit Source for Creditors
Lara MerlingThe Philadelphia Inquirer, June 20, 2018
Puerto Rico’s New Fiscal Plan: Certain Pain, Uncertain Gain
June 2018, Lara Merling and Jake Johnston
Wall Street Is Trying to Embezzle Puerto Rico’s Hurricane Relief Money
Lara MerlingJacobin, April 8, 2018
Puerto Rico Needs Economic Recovery First, Not “Structural Reforms” and Debt Service Extraction
March 20, 2018, Mark Weisbrot