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Research paper thumbnail of The Self-Inflicted Dimensions of Puerto Rico’s Fiscal Crisis

Latin American Perspectives, 2020

The fiscal crisis in Puerto Rico, which constrains the ways in which the government can try to ta... more The fiscal crisis in Puerto Rico, which constrains the ways in which the government can try to tackle the economic depression, is in important ways self-inflicted—the product of economic policies undertaken at the local level. When the crisis is approached in this way, the resolution of the island’s colonial situation can be seen as a necessary but not sufficient condition for solving the problems of the depression’s victims. La crisis fiscal en Puerto Rico, que limita las formas en que el gobierno puede potencialmente tratar de hacer frente a la depresión económica, es autoinfligida de manera importante: el producto de las políticas económicas implementadas a nivel local. Cuando se aborda la crisis de esta manera, la resolución de la situación colonial de la isla puede verse como una condición necesaria pero no suficiente para resolver los problemas de las víctimas de la depresión.

Research paper thumbnail of The Wealth Extraction , Governmental Servitude , and Social Disintegration in Colonial Puerto Rico

AFTER TEN YEARS OF ECONOMIC contraction, many of the citizens of Puerto Rico fi nd themselves wat... more AFTER TEN YEARS OF ECONOMIC contraction, many of the citizens of Puerto Rico fi nd themselves watching the secular decomposition of a reality that in its heyday was painted by many as one of relative socio-economic welfare. The latest economic downturn of the island, which predated the so-called global “great recession” by two years, has confi rmed that the current colonial economy could not achieve certain objectives of the economically more advanced economies. When compared to its own historical record and that of the United States, the performance of the economy of Puerto Rico is not an example of socio-economic convergence or of a process leading to “developed capitalism”:

Research paper thumbnail of The Self-Inflicted Dimensions of Puerto Rico’s Fiscal Crisis

Latin American Perspectives, 2020

The fiscal crisis in Puerto Rico, which constrains the ways in which the government can try to ta... more The fiscal crisis in Puerto Rico, which constrains the ways in which the government can try to tackle the economic depression, is in important ways self-inflicted—the product of economic policies undertaken at the local level. When the crisis is approached in this way, the resolution of the island’s colonial situation can be seen as a necessary but not sufficient condition for solving the problems of the depression’s victims. La crisis fiscal en Puerto Rico, que limita las formas en que el gobierno puede potencialmente tratar de hacer frente a la depresión económica, es autoinfligida de manera importante: el producto de las políticas económicas implementadas a nivel local. Cuando se aborda la crisis de esta manera, la resolución de la situación colonial de la isla puede verse como una condición necesaria pero no suficiente para resolver los problemas de las víctimas de la depresión.

Research paper thumbnail of The Wealth Extraction , Governmental Servitude , and Social Disintegration in Colonial Puerto Rico

AFTER TEN YEARS OF ECONOMIC contraction, many of the citizens of Puerto Rico fi nd themselves wat... more AFTER TEN YEARS OF ECONOMIC contraction, many of the citizens of Puerto Rico fi nd themselves watching the secular decomposition of a reality that in its heyday was painted by many as one of relative socio-economic welfare. The latest economic downturn of the island, which predated the so-called global “great recession” by two years, has confi rmed that the current colonial economy could not achieve certain objectives of the economically more advanced economies. When compared to its own historical record and that of the United States, the performance of the economy of Puerto Rico is not an example of socio-economic convergence or of a process leading to “developed capitalism”:

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