Puerto Rico is the next Detroit

No, Puerto Rico is neither a state, nor a nation. Puerto Rico is a colony of the United States. This article again, makes poor comparisons in order to propagate the Wall Street credo: Pay Us Now No Matter What The Consequences Are. Wall Street investors should have been more informed on Puerto Rico and the cyclical nature of financial disasters that are natural in capitalism. Letting an island with 3.5 million citizens of the United States to fall into chaos to accomodate the ill-informed wealthy investors is moral, social irresponsibility. Blame also the US government for not protecting its colony from predatory lenders from Wall Street.
http://www.businessinsider.com/a-word-of-warning-for-muni-bond-owners-dont-own-the-next-detroit-2016-8

Published by nelsongon

I love media and communication, as well as digital technology. I write and speak fluently in Spanish and English. I was born in New York, but was sent to Puerto Rico at an early age, where I lived until drafted by the U.S. army. Upon returning from an honorable discharge, I found Puerto Rico small and limited at the time. I moved to Boston where I pursued musical studies and later worked as a musician, teacher, and speech-pathologist in New York. I am currently still interested in world politics, social justice, and income inequality. Health and wellness are essential to survive and thrive. I am working on patience and skills necessary to keep learning.

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