Puerto Rico: Neoliberalism to the rescue!
Submitted by gjohnsit on Fri, 02/09/2018 - 3:20pm
Roughly 40% of people in Puerto Rico still have no lights.
Some 1.36 million Americans are without power right now, and it isn’t coming back any time soon. This is a national embarrassment.
We’re talking about Puerto Rico, in the throes of the longest and largest blackout in US history following Hurricane Maria, the Category 4 storm with 150 mph winds and 36 inches of rainfall that toppled 80 percent of the island’s power lines and flooded its generators last September.
As of February 7, about 30 percent of utility customers couldn’t turn on the lights, refrigerate food, or run water pumps. That translates to 40 percent of the island’s population, because “customer” refers to a power meter, and each meter can represent multiple people living in the same house.
What's the solution? Privatization:
Privatize electricity
Privatize anything that might collect data
Basically we are talking about disaster capitalism led and directed by wealthy hedge funds.
The governor’s plan paints the 2017 hurricane season as a blessing in disguise. “The devastation caused by Hurricanes Irma and Maria creates an opportunity to redesign major components of the Island’s critical infrastructure, invest in the quality and resiliency of public and private buildings, and restructure and modernize and reevaluate delivery of services to residents,” Rosselló’s plan argues.
The scale of that proposed redesign is extraordinary. The government downsizing outlined amounts to a deconstruction of the island’s administrative state, condensing the total number of government entities from 115 to just 35.
...In the next five years, Rosselló’s office further hopes to eliminate more than 8,000 government jobs.
...
“Fiscal policy’s what you need to jumpstart the economy. Puerto Rico is in an even worse situation because one of the other peculiar features there is extreme migration to the U.S. When jobs get scarce, people leave. That makes demand even weaker, and the economy even weaker. It’s a vicious cycle,” Stiglitz noted. Estimates vary for how many have already left post-Maria, though the fiscal plan predicts a nearly 20 percent population dropoff by 2022.
“Just look around places in the U.S. where there was population exodus,” he said. “You can’t sustain public facilities or the public framework that’s necessary for a prosperous economy.”
In an ironic twist, it likely that your pension fund is making sure that people in Puerto Rico can't have a pension.
In a related story, there's been one suicide a day since the lights went out in Puerto Rico.
Just a few weeks ago a study came out about How neoliberalism is damaging your mental health.
So if the hurricane was a "blessing in disguise", then the neoliberal "solution" should be a bloody miracle.

Comments
An asteroid strike
would do wonders for the economy.
Orwell: Where's the omelette?
Depends on where the asteroid makes earthfall.
That depends on where the asteroid makes earthfall.
A strike straight into NYC's financial district would, indeed, do wonders for humanity.
"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar
"All power corrupts absolutely!" -- thanatokephaloides
@thanatokephaloides Or a Davos meeting...
Or a Davos meeting...
Psychopathy is not a political position, whether labeled 'conservatism', 'centrism' or 'left'.
A tin labeled 'coffee' may be a can of worms or pathology identified by a lack of empathy/willingness to harm others to achieve personal desires.
Privatize Debt Collection
You missed one gjohnsit:
http://www.businessinsider.com/irs-lost-millions-private-debt-collection...
"They'll say we're disturbing the peace, but there is no peace. What really bothers them is that we are disturbing the war." Howard Zinn
Third time's the charm!! n/t
Luis G. Fortuño the governor of Puerto Rico sold it in 2009
What is happening in Puerto Rico started long before the hurricanes. Fortune basically gave it away to private corporations during his tenure. The link in this article shows the sweetheart deals he made and the debt he put in place. The hurricanes just gave the rich the quickest way to buy up the rest of it. Is anyone really surprised by what happened after the hurricanes? I'm not because we saw the Clintons sell Haiti to their friends and the highest bidders. When Trump didn't rush in to help after the storms, the writing was on the wall and I'm not the only one who saw it. Just like what happened after Katrina. This is the easiest way to get rid of the people who have lived there for generations.
Will Puerto Rico be privatized?
Follow the links in this to see who has bought it.
To learn who rules over you, simply find out who you are not allowed to criticize.
- Kevin Alfred Strom