Puerto Rico debt fix unlikely to resemble Detroit’s | Reuters

The federal appointees tapped to help map Puerto Rico’s economic future are technocrats more than political actors, and that could make the U.S. territory’s fiscal turnaround look more like a corporate restructuring than a politically charged municipal bankruptcy in the vein of Detroit.

Technocrats do not care, or are predisposed to solve the many problems that have plagued Puerto Rico since the start of its colonial relationship with the island. By ignoring the causes of Puerto Rico’s financial collapse, the delay will only magnify its effect on the Puerto Rican citizens.

via Puerto Rico debt fix unlikely to resemble Detroit’s | Reuters

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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