The following map was filed with the US Department of Commerce on May 3, 1934.
It shows 30 different railroads, all owned by 30 different sugar cane companies.
These companies were called centrales.
The centrales are listed on the legend at the right of the map.
Every one of these centrales was owned by a US banking syndicate.
In other words, by 1934, the US owned 80% of Puerto Rico’s agricultural land, and 100% of its railroad system.
This comes as no surprise.
Right now, in 2015, the government of Puerto Rico is preparing to enter into “public-private partnerships” with dozens of hedge funds.
These public-private partnerships, or P3s, will place the island’s water supply, electrical grid, schools, prisons, highways, bridges, seaports, airports, and public housing, into the hands of the hedge funds.
The hedge funds will be free to make whatever profit they can, on the entire insular infrastructure.
History is repeating itself in Puerto Rico.
Central Monserrate was wholly owned by the Calaf family until it’s closure in 1972.
Reblogged this on It Is What It Is and commented:
“The following map was filed with the US Department of Commerce on May 3, 1934.” ….. Yes, history is repeating itself in Puerto Rico. Sad, so sad ….