Articles by Rafael Azul
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Vulture Capitalists Fight over Pickings from Bankrupt Puerto Rico
Rafael Azul | WSWS – TRANSCEND Media Service,
22 May 2017
22 May 2017 – Federal US court proceedings began May 17 in San Juan on Puerto Rico’s $123 billion bankruptcy. As with the Detroit bankruptcy of 2013-2014, the island faces privatization and cutbacks that will exacerbate a mass wave of emigration and further sink its economy into depression. They may be fighting over who will be first in line to be paid, but they all agree that workers, pensioners and the poor will have to sacrifice their jobs and living standards.
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