We are due for another recession. We really are. Based on the statistics on American depressions and recessions since the end of World War II, it’s more likely than ever that we’re staring down at the face of economic collapse. With big bank bailouts and a progressive movement sweeping over the economic realization of millennials, our policies are going to witness severe change and difference than what it’s been used to for several decades.
Puerto Rico, one of the most prominent United States territories, has been suffering through a deepening debt crisis. This dispute over the territory’s finances masks a struggle that has been lingering in American politics for years — for wealth and power. This economic battleground will attempt the balance the peculiarities of Puerto Rico’s official political status and Wall Street corporate greed.